Skip to content Go to accessibility help
We use cookies to keep our websites easy to use and relevant to our users’ requirements and to enable us to learn which advertisements bring users to our website. Select Accept below if you wish to proceed or How to change your cookies for instructions on how to manage your cookie settings. Find out more about our Cookie Policy.

Fixed term accounts

Save your money and make it grow

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)

Term deposits

A guaranteed rate for your savings

Make your plans and decide how long you want to lock your money in for up to three years. That way your interest rate is guaranteed.

  • Guaranteed interest rates - up to 1.32% Gross p.a. fixed[1]/1.30% AER[2]. This rate is available on our 36 month Term Deposit – Interest Capitalised at Maturity.
  • Minimum deposit of £2,000 – maximum deposit of £5,000,000
  • Withdrawals, early closure or deposits not allowed during term.

Find out more about our Term deposits (opens in a new window)

[1] 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.

[2] AER. Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

Financial Services Compensation Scheme (FSCS)

Protecting your money

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.

Please see FSCS leaflet download (Opens in a new window) for further information or visit www.fscs.org.uk  

Discover our full range of savings accounts

Fixed Term and Notice Accounts