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Private Banking

Fixed Term Deposit Account

A guaranteed rate of return over your chosen timeframe.

The reassurance of certainty

Why choose a Fixed Term Deposit Account?

Committing a certain percentage of your cash to fixed-term savings could be a sensible way to balance risk. Our Fixed Term Deposit Account allows you to fix the rate on your funds for a timeframe of your choosing — from one month to five years or longer — and in a range of currencies.  

The benefits

  • Fix your funds for any period between one month and five years.
  • Benefit from a fixed rate of interest for the entire term.
  • No maximum balance.
  • Minimum balance of £25,000 (up to one year) and £1 million (over one year).
  • Available in a range of currencies, including sterling, euro and US dollar. 

The private Fixed Term Deposit Account is available to all our Coutts Crown Dependencies Current Account clients but must be held in the same currency as your current account. Early closure is not permitted during the term of your deposit.  Over 18s only.

Summary Box

Account name: Money Market Fixed Term Deposit

 

What is the interest rate?

  • Interest is calculated daily. We will pay interest on a Fixed Term Deposit Account at maturity.
  • Below is an example of terms with indicative interest rates.
  • Your Private Banker can provide you with an exact rate depending on the selected term when you apply.
£5,000 - £99,999 £100,000 - £999,999 £1 million +
AER/Gross p.a. (fixed) AER/Gross p.a. (fixed) AER/Gross p.a. (fixed)
3 months Contact your banker Contact your banker Contact your banker
6 months 3.74% 4.00% 4.00%
12 months 3.72% 3.86% 3.86%
2 years platinum 3.55% 3.55% 3.55%

Can Coutts Crown Dependencies change the interest rate?

No, these rates are fixed from when we accept your deposit and until the deposit matures.

What would the estimated balance be after 12 months, based on a range of deposits?

Deposit amount Balance after 12 months
£10,000 £10,372
£100,000 £103,860
£1 million £1,038,600

Definitions
Annual Equivalent Rate (AER) This is a notional rate used for interest bearing accounts, which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.
Gross rate The interest rate without the deduction of income tax (where applicable). Interest will be paid gross.
p.a. Per annum (per year)

How do I open and manage my account?

  • This account is only available to you if you hold a Coutts Crown Dependencies Current Account or Currency Account denominated in the same currency as the Money Market Fixed Term Deposit Account you wish to open.
  • The following minimum and maximum amounts apply to accounts in sterling. Different minimum amounts and periods may apply to other currencies. Details available on request.
Term 1 month to 1 year Over 1 year
Minimum amount £25,000 £1 million
Maximum amount The amount is agreed at account opening

  •  Contact your Private Banker to discuss applying for a Fixed Term Deposit.

Can I withdraw money?

  • No, withdrawals are not permitted during the term of the deposit.
  • When a deposit matures, we will transfer the total amount plus any interest to your linked Current Account/Currency Account on the same working day.

Additional information

Early closure

Early closure is not permitted during the term of the deposit.

Tax

We do not deduct tax from the interest we pay to you. The tax treatment may be subject to change in the future and depends on your individual circumstances. If you are unsure of your tax obligations you are strongly advised to source independent tax advice.

FAQs

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Protection from the Jersey Bank Depositors Compensation Scheme

The Royal Bank of Scotland International Limited trading as Coutts Crown Dependencies is a participant in the Jersey Bank Depositors Compensation Scheme. The Scheme offers protection for eligible deposits of up to £50,000. The maximum total amount of compensation is capped at £100,000,000 in any 5 year period. Full details of the Scheme and banking groups covered are available on the Government of Jersey website www.gov.je.dcs, or on request.

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