Clydesdale and Yorkshire Banks launch new Term Deposit account
February 21st, 2011
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Clydesdale (cbonline.co.uk) and Yorkshire (ybonline.co.uk) Banks have launched new rates of up to 4.25% AER on their Term Deposit account.
The account is aimed at those who want to put away a lump sum and don’t want to make any withdrawals or additional deposits.
The key features of the account are:
- Guaranteed interest rates – up to 4.25% AER (4.63% Gross) if held for the full 5 year term.
- Range of savings terms, from 3, 6 and 12 months to 2, 3 and 5 years.
- Minimum opening deposit £2,000, up to £5,000,000.
- Interest capitalised and paid annually, or on maturity.
Interest payment can be monthly or annual.
Interest Rates (AER %pa) are as follows:
- 3 months = 1.00%
- 6 months = 1.45%
- 12 Months = 2.75%
- 2 Years = 3.10%
- 3 Years = 3.80%
- 5 Years = 4.25%
The Term Deposit account is available to new and existing customers of Clydesdale and Yorkshire Banks.
