Fixed Deposit Contract
Fixed Deposit Contracts allow you to fix your money at an agreed interest rate for a set period of time. Available in Sterling, Euro and US dollars, with a range of fixed time periods to choose from
Ways to applyFeatures & benefits
Fixed rate savings account so you know exactly how much interest you will earn
Available in Sterling, Euro and US dollar currencies
A choice of fixed time periods to choose from: 3 month, 6 month, 12 month, 18 month, 24 month and 5 year.
Interest is paid on maturity for 3 month and 6 month contracts; monthly or on maturity for 12 month contracts and monthly, annually or on maturity for 18 month, 24 month and 5 year contracts
Withdrawals are not permitted until the contract maturity date
For UK resident customers, we only accept new business where a minimum of £500,000 (or currency equivalent) is being brought to us, subject to eligibility. An International Customer Minimum Balance Fee applies to customers residing outside the Channel Islands, Isle of Man, UK, and the Republic of Ireland who do not maintain a minimum balance of £75,000 (or currency equivalent) across our range of products.
Key information
Your initial deposit will be paid into a Gold Account which we will automatically open for you
Once a contract has been fixed, no additional deposits are allowed
Once a contract has been fixed, no withdrawals are permitted until the contract maturity date
As interest rates are subject to change, we will fix your money at the interest rate applicable on the day your deposit is received
At the end of the contract your capital and interest will be paid into your Gold Account, unless we receive alternative maturity instructions from you
Cheque books or debit cards are not available
Standing orders or direct debits are not permitted
Please refer to the General Terms and Conditions for Fixed Deposit Contracts
Interest rates for Channel Island and Isle of Man residents
View the latest interest rates for our Fixed Deposit Contracts available to Channel Island and Isle of Man residents
View interest ratesInterest rates for international customers
View the latest interest rates for our Fixed Deposit Contracts available to international customers.
View interest ratesWays to apply
In branch
Online
Post
Phone
In branch
Jersey
Santander Work Café
13-15 Charing Cross
St Helier,
Jersey
JE2 3RP
Channel Islands
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Isle of Man
Santander Work Café
Market Hall,
North Quay
Douglas,
Isle of Man,
IM1 2BQ
View on Google Maps
Phone
Call us on 08000 84 28 88, if calling from a UK landline or mobile, or +44 (0) 1624 641 888, if calling from overseas
Lines are open 9am – 5pm UK time, Monday to Friday (except Wednesday when we open at 9.30am)
Our other products
Frequently asked questions
What is the Fixed Deposit Contract?
A Fixed Deposit Contract allows you to lock your savings at a fixed interest rate for a set period of time.
What currencies are available for Fixed Deposit Contracts and what is the minimum deposit required?
You can open a Fixed Deposit Contract in Sterling (GBP), Euro (EUR), or US dollar (USD). The minimum deposit required is £10,000 for Sterling accounts, €10,000 for Euro accounts, and $10,000 for US dollar accounts.
What are the available fixed terms for the deposit?
You can select a term of 3, 6, 12, 18, or 24 months.
How is interest paid on Fixed Deposit Contracts, and what happens at the end of the term?
Interest is paid:
- On maturity for 3 month and 6 month contracts
- Monthly or on maturity for 12 month contracts
- Monthly, annually, or on maturity for 18 month and 24 month contracts
At maturity, your capital and interest are paid into your Gold Account unless you provide alternative instructions.
Can I add more money to my Fixed Deposit Contract after opening it?
Additional deposits are not permitted once the Fixed Deposit Contract has been fixed.
What charges apply to the Fixed Deposit Contract?
The Fixed Deposit Contract does not have any associated charges. However, some charges may apply for other services. Please view our Charges for full details.
View charges for Banking and Savings Accounts
