Scottish Widows new 5 Year Fixed Rate Deposit Account for Personal Funds
Scottish Widows are launching their next issue of their 5 Year Fixed Rate Deposit Account for personal funds with effect from 24th September 2009.
This new account has a competitive fixed interest rate of 5.15% gross/AER giving you a good return on your investment over the longer 5 year term.
Key Features
- Fixed annual interest rate of5.15% gross/AERfor the 5 year term.
- Start date of14 October 2009, with final maturity date of 13 October 2014.
- Available to new and existing personal customers.
- Minimum investment of £10,000 and maximum of £5 million.
- Interest can be paid away monthly, quarterly or annually.
- Funds received in advance of the start date will earn interest at
Bank of England base rate (currently 0.50%) up to the start date.
- Interest paid gross for investments of £50,000 and over from
personal customers, which are classified as "qualifying time deposits"
(HMRC definition).
- One-off deposits only, with no additional deposits permitted.
- If customers need to withdraw their money before the end of the
term, they can close their fixed rate deposit account, however they
will be charged an amount equal to 365 days' interest. We will work
this out at the rate at which we pay interest on their fixed rate
deposit account.
- We reserve the right to close the issue early if demand is higher than expected.
Please email us at service@bfca.eu for an application form.