• Fixed Term Deposit

    A Fixed Term Deposit means you will know exactly how much interest you will earn and for what period of time.

    • Minimum balance of £10,000 or US$10,000. Other currencies available.
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  • Features & benefits

    No one knows what the future may hold, but with our Fixed Term Deposits you just put your money away for fixed terms of up to five years and you'll get a fixed rate of return paid annually. It's perfect for planning in advance, because you'll know exactly how much you'll get back – and when you'll get it.

    • Start saving with £10,000 or $10,000
    • Choose a term up to one year
    • Interest is paid on maturity for terms of up to one year

    Current fixed interest rates

    Rates correct as at 4th September 2017

    Deposit Term Access Annual interest rate (AER**/Gross*) Minimum Deposit Maximum Deposit Currencies available
    1 year At the end of your deposit term 0.95% $10,000 US$5 million US Dollar only
    Less than 1 year At the end of your deposit term Fixed according to your deposit £10,000 or equivalent in another currency No maximum  

    Important information

    We will open a servicing account to allow you to:

    • Make your initial deposit.
    • Withdraw your money at the end of the term.

    The interest rates advertised here are not fixed until receipt of your deposit and any supporting documentation required to open your Fixed Term Deposit.

    You can't withdraw your money before the end of the fixed term. We will take your circumstances into account and may make an exception in a special case but there will be a charge and you may potentially lose some of your capital deposited.

    We'll try to contact you before your Fixed Term Deposit matures. If we haven't heard from you by 4pm the working day before your deposit matures (or 3 working days earlier for currencies other than sterling), please refer to your terms and conditions to ascertain what will happen to your funds on maturity in the event of no instruction (including details of when we might reinvest your funds).

    * GROSS RATE – The contractual rate of interest payable before deduction of income tax at the rate specified by law.

    ** AER Rate - AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will contain an AER you will be able to compare more easily what return you can expect from your savings over time.

  • Eligibility

    You must be a personal customer aged 18 years and over. You must be ordinarily resident in the Channel Islands or Isle of Man.

  • Current fixed interest rates

    Rates correct as at 4th September 2017

    Deposit term Access Annual interest rate (AER**/Gross*) Minimum deposit Maximum deposit Currencies available
    1 year At the end of your deposit term 0.95% US$10,000 US$5 million US Dollar only
    Less than 1 year At the end of your deposit term Fixed according to your deposit £10,000 or equivalent in another currency No maximum All major currencies

    Important information

    We will open a fee-free Money Market Call Account to allow you to:

    • Make your initial deposit.
    • Withdraw your money at the end of the term.

    Interest is paid yearly into your Money Market Call Account, on the anniversary of account opening.

    The interest rates advertised here are not fixed until receipt of your deposit and any supporting documentation required to open your Fixed Term Deposit.

    You can't withdraw your money before the end of the fixed term. We will take your circumstances into account and may make an exception in a special case but there will be a charge and you may potentially lose some of your capital deposited.

    We'll try to contact you before your Fixed Rate Deposit matures. If we haven't heard from you by 4pm the working day before your deposit matures (or 3 working days earlier for currencies other than sterling), please refer to your terms and conditions to ascertain what will happen to your funds on maturity in the event of no instruction (including details of when we might reinvest your funds).

    Note: UK residents not planning on moving, living, working or retiring abroad may not be eligible for this account. For more information please call 0800 055 6358 Mon-Fri 8am-6pm and Saturday 9.30am-1.30pm UK time. Visit www.lloydsbank.com for UK savings accounts.

    * GROSS RATE – The contractual rate of interest payable before deduction of income tax at the rate specified by law.

    ** AER Rate - AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will contain an AER you will be able to compare more easily what return you can expect from your savings over time.

  • Charges & fees

    There is no fee for opening and holding a Fixed Term Deposit.

    You can't withdraw your money before the end of the fixed term. We will take your circumstances into account and may make an exception in a special case but there will be a charge and you may potentially lose some of your capital deposited.

  • What is the minimum opening balance?

    The minimum opening balance for a Fixed Term Deposit in Sterling is £10,000. The minimum deposit varies for Fixed Term Deposits in other currencies so please ask for details.

    How much can I deposit in a Fixed Term Deposit?

    The maximum balance you can deposit into a Fixed Term Deposit is £5 million.

    What currency can I open an Island Fixed Deposit in?

    We offer Fixed Term Deposits in a range of currencies and terms. If the currency or term is not listed on our website you can always call or visit us in branch to see if we can help.

    How much access do I have to my money?

    Fixed Term Deposits do not allow any withdrawals or closure during the term. They are specifically designed for customers who have a lump sum of cash to deposit which they know they won't need access to for the defined term.

    When is interest paid on the Fixed Term Deposit?

    Interest is paid upon maturity of the fixed term deposit.

    Who can I speak to if I need extra information?

    For Jersey residents please call 01534 845155, Isle of Man residents 01624 638279, Guernsey residents 01481 706347 or Alderney residents 01481 822340. Lines are open 9–5 Monday – Friday. To ensure security for our customers and staff and to help maintain service quality, some calls may be recorded and monitored.

  • How to apply:

    pin

    Visit us in branch

    Visit us in branch to open an account.

    If you are a new customer, make sure you bring ID such as your original passport or driving licence, as well as proof of your address.

    Find a branch

    telephone

    Call us

    • 01534 845155  Jersey
    • 01481 706347  Guernsey
    • 01624 638279  Isle of Man
    • 01481 822340  Alderney

    Lines are open 24 hours a day, 365 days a year.

    To ensure security for our customers and staff and to help maintain service quality, some calls may be recorded and monitored.