Sometimes it pays to put your money away for a longer period. Term deposits let you earn interest over a fixed period of time. Without access during the term, but a guaranteed interest rate, it could be a rewarding way to save.
Other products and services are available at Virgin Money. Find out more. about Virgin Money savings products (opens in a new window)
A guaranteed rate for your savings
Make your plan to lock your money in for 12 months. That way your interest rate is guaranteed.
 Gross rate interest is the interest payable without taking account of any tax payable. If you earn interest over your Personal Savings Allowance you will be required to pay any tax due yourself directly to HM Revenue and Customs. If you would like to read more about your Personal Savings Allowance, please visit the Governments website www.gov.uk.
 AER. Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.
Your eligible deposits with Clydesdale Bank PLC are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.
This limit is applied to the total of any deposits you have with the following: Clydesdale Bank, Yorkshire Bank, B and Virgin Money. Any total deposits you hold above the limit between these brands are unlikely to be covered.