Danske Fixed Term Deposit

If you know that your business won’t need instant access to all or part of its surplus cash, it makes sense to invest in a Danske Fixed Term Deposit.

 
  • You can invest any amount; (from a minimum of £5,000) for a variety of fixed terms. As the amount, term and interest rate are fixed at the time of deposit, you know exactly what interest you will receive for the entire period.
  • You can arrange for your investment (including or excluding any accrued interest) to automatically rollover into a new Danske Fixed Term Deposit at the end of the term at the interest rate applicable at that time.
  • You must have and maintain a service account for the duration of the Danske Fixed Term Deposit.  A service account means one of our current accounts or a Business Investment account.
  • Withdrawals can normally only be made on the maturity date. 
  • Interest is paid on maturity. The gross interest rate is the rate of Interest we pay. We do not deduct tax from interest. Depending on your personal circumstances, you may have to pay tax on your interest. If you are a sole trader or a partnership (where all the partners are individuals) this will depend on your total taxable income, interest that you receive and your Personal Savings Allowance. There are more details available on our website at www.danskebank.co.uk/savingsrates.

The terms available are:

  • One or two or three weeks;
  • One, two, three, four, five, six, seven, eight, nine, ten or eleven months;
  • One, two, three, four or five years; or
  • For any term ending on a specified date as selected by you (subject to a minimum term of seven days and a maximum term of five years).

 

Early repayment charges may apply.

Go to Details​​​​​​​

Click here for important information​​​​​​​​​​​​​​​​​​​​

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