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12 Month Fixed Rate Breakable Time Deposit

Some returns are worth waiting for

We want to help small businesses by offering simple, transparent products that are excellent value for money. Our 12 month Fixed Rate Breakable Time Deposit does just that. It is the perfect choice if you are looking for a guaranteed, highly competitive interest rate and your business can put away a sum of money for a set period of time.

You'll receive a fixed rate for the full term, and you have the flexibility to break your Time Deposit early and close the account without notice and with no penalty.

And you can open as many Time Deposit accounts as you like - just complete an application form.

Santander Business Banking provides dedicated banking services for customers with an annual turnover of up to 250,000.

Why choose a 12 Month Fixed Rate Breakable Time Deposit?

  • A highly competitive fixed rate of 2.10% gross/1.68% net/ 2.10% AER: a guaranteed rate for the 12 month term.
  • Flexibility: you can break this Time Deposit early and close the account without notice and with no penalty
  • Unlimited: open as many 12 month Fixed Rate Breakable Time Deposits as you want - just make sure you deposit a minimum amount of 50,000 in any one account.
  • Fixed period: no withdrawals or additional deposits are allowed during the 12 month term.

Open a 12 Month Fixed Rate Breakable Time Deposit

To open an account:

  • Call us now on 0845 600 0636.
    (Lines are open Monday to Friday, 8am to 5pm. Telephone calls may be recorded and monitored.)
  • Or print off an application form.

Fact sheet and specific terms and conditions

Key product information for the Fixed Rate Breakable Time Deposit

Account name

12 month Fixed Rate Breakable Time Deposit

Interest rate (AERs/net)

2.10% gross / 1.68% net / 2.10% AER

Tax status

Interest will be paid in line with your tax status.

Withdrawal arrangements

No withdrawals or additional deposits are allowed during the fixed term period.

Conditions for bonus payment

No bonus payment

Access

Phone and post

Rates correct as of 18 November 2011

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay before income tax is taken off. The net rate is the interest rate we pay after the deduction of income tax at the rate specified by law (currently 20%). Rates may change and we pay interest at the end of the term.

This offer is subject to availability and may be withdrawn without notice at any time.

The maximum deposit is 2 million.

You must arrange for your deposit to be sent from one of your business accounts that sits outside the Santander Group (Santander, Cater Allen and cahoot). This can only be made by CHAPS and you may be charged by your bank for this. Sorry, we cannot accept funds from a personal account.

Interest is paid on maturity.