Private Internet Term Deposit
Security and convenience online
- One of the most secure and convenient savings solutions
- A fixed interest rate guarantees a return upon maturity
- Available exclusively online
As a valued Private customer of Yorkshire Bank, we are pleased to introduce you to our selected range of Private Internet Term Deposits (previously named Premium Internet Term Deposits). These terms and rates are not available in our branches but only to you, as a select Qualifying Customer, via these pages.
The minimum investment for any of our terms is £10,000 and the maximum for any single Deposit is £5,000,000. If you have more than £5,000,000 to invest please contact your Private Partner who will be pleased to discuss your options.
We offer two types of Private Internet Term Deposit enabling you to choose between a regular monthly return of interest accrued on your deposit amount or instead receive a lump sum of the initial deposit amount plus all interest accrued throughout the life of the deposit. Each type of Private Internet Term Deposit offers attractive rates.
Dependant on your requirements click on the relevant link below to take you to the applicable rates available.
Private Internet Term Deposit – interest repaid on maturity - Current Offers
Private Internet Term Deposit – Monthly Capitalised Interest - Current Offers
Reaching maturity pays off
- Financial security by locking in a known return for a fixed period
- Competitive fixed interest rates on selected terms
- No bank fees unless you request early repayment
- Regular reviews to maintain attractive rates
- The ability to automatically rollover your Deposit on maturity
Further Information
Terms and rates offered via this channel will be constantly reviewed. As a result the length of the terms offered may vary on occasion from 3 months to 12 months.
During the fixed term, you can only make one withdrawal of the full amount, including any accrued interest. Such a withdrawal will be subject to an early repayment charge (£30 minimum charge) the amount of which is dependent on the number of days to Maturity. Ask at any branch or see Terms and Conditions for details. The charge will be deducted from any accrued interest, but where there is insufficient accrued interest to meet the charge in full, any additional sum will be deducted from the capital in the account. If early repayment is requested then the stated interest will not be achieved.
Financial Services Compensation Scheme
Yorkshire Bank is a trading name of Clydesdale Bank PLC which is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim. In respect of deposits with a UK office, payments under the scheme are limited to 100% of the first £50,000 of a depositor's total credit balances with the Bank. Further details of the scheme are available from us on request or from the Financial Services Compensation Scheme: www.fscs.org.uk or Financial Services Compensation Scheme, 7th Floor, Lloyds Chambers, Portsoken Street, London, E1 8BN.
Note: Some of the words used in these web pages have a specific meaning. When these words are used their initial letter is in capitals and their definitions are explained in the Terms and Conditions included in these web pages.