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View our opening hoursBusiness Fixed Term Deposit
A fixed rate of interest for a set period of time, so you'll always know exactly how much interest you'll earn at the end of the term.
At a glance
What is the minimum deposit?
£100,000.
What is the maximum deposit?
£5 million.
Can Close Brothers Savings change the interest rate?
No. Your rate is fixed, so it will stay the same for the entire term of your savings account.
How do I open and manage my account?
To open an account please complete our enquiry form. To manage your account, simply call or write to us.
Can I withdraw money?
No. You can't take money out of a Fixed Term Deposit.
Can I put money in after my first deposit?
No, we will only accept one single payment of funds into the account.
If you're looking to deposit over £1 million, get in touch with us so we can discuss your options.
Term
AER / Gross PA AER
Monthly intrest Gross Gross PA
Annual intrest Gross PA
Annual gross
Monthly gross
4.00% AER
Annual gross
Monthly gross
4.10% AER
Annual gross
Monthly gross
4.10% AER
Annual gross
Monthly gross
4.10% AER
Annual gross
Monthly gross
4.10% AER
Annual gross
Monthly gross
4.10% AER
This account could be right for you if...
- You prefer a fixed rate so you'll know exactly how much interest you'll earn
- You can put your money away for a while without dipping into it
- You have a lump sum to deposit
You should consider another account if...
- You want a variable interest rate that may go up or down
- You might need to withdraw your money before the term has finished
- You want to pay money in after the first 5 calendar days
Additional information
AER:
AER stands for Annual Equivalent Rate and illustrates the interest rate you would earn from a savings account over the course of a year, and it takes any compounding of interest into account.
Gross PA:
Gross PA means Gross Per Annum, which shows the interest rate payable without tax deducted.
Key features
What is the minimum deposit?
£100,000.
What is the maximum deposit?
£5 million.
Can Close Brothers Savings change the interest rate?
No. Your rate is fixed, so it will stay the same for the entire term of your savings account.
How do I open and manage my account?
To open an account please complete our enquiry form. To manage your account, simply call or write to us.
Can I withdraw money?
No. You can't take money out of a Fixed Term Deposit.
Can I put money in after my first deposit?
No, we will only accept one single payment of funds into the account.
Why choose Close Brothers Savings?
We're part of leading UK merchant banking group Close Brothers Group plc with over 145 years successful trading experience and have been providing dedicated personal savings accounts to UK residents and businesses since 2008.
Well rated
A well rated bank with an A2 credit rating from Moody’s Investors Service (correct as at 27 March 2025) and a BBB rating from Fitch Ratings Ltd (correct as at 6 August 2025).
Consistently competitive rates
We are committed to regularly reviewing our savings products to ensure both new and existing customers are receiving fair and competitive pricing.
Personalised service
Our network of Business Development Managers deliver the highest levels of specialist service across a range of industries.
Discover more
- Customer Forms
Customer Forms
Change your address or mandate, whatever you need you can find all of the our customer forms in one, convenient place.
- Help and Support
Help and Support
We're here to help in any way we can. You'll find all of our contact details here and answers to frequently asked questions.
Your eligible deposits held by a UK establishment of Close Brothers Limited are protected up to a total of £120,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme.
