Please note withdrawals or early closure of the term deposit are not permitted under any circumstances during the fixed term, except in the event of the death of the account holder (or one of them if joint account). See clause 2.3 for further information on term deposit terms and conditions. If there is anything that you don't understand please contact us for clarification.
|Account name||Personal Term Deposits|
|Can Clydesdale Bank change the interest?||No. The interest rate is fixed.|
|How do I manage my account?||We will contact you 35 days before the Term Deposit matures with a rate for another Term Deposit and details of how to add funds, withdraw funds, change the term or close the account. If you are happy to invest again, you do not need to take any action the Term Deposit will be rolled over for the same term.|
|Can I withdraw money?||
No, withdrawals or early closure of the Term Deposit are not permitted.
Interest will be paid gross.
Gross rate interest is the interest payable without taking account of any tax payable.
AER (Annual Equivalent Rate). The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.