Fixed term deposits
Fixed term deposit accounts offer the ability to set a
rate of interest for a defined period. They can be one of the
lowest risk, yet most useful elements of a well-structured
portfolio.
At any time during its term, you know exactly how much
interest you are earning and when your capital will be
repaid.
Account operation
Fixed term deposit accounts can normally be arranged for
any period, from one month to one year, with interest paid at the
end of the term. Deposits longer than this term may be made by
arrangement.
Upon maturity we will reinvest your monies for a similar
period, on terms available at that time. Alternatively, upon
request, we will repay the funds to your Fairbairn Private
Bank Reserve Account or Focus account in the currency of your
choice.
A choice of currencies
Fixed term deposit accounts can be opened in any major
currency to match or complement your Reserve account or Focus
service, including sterling, US dollars and euro. The minimum
opening deposit is dependent upon the currency of the account. For
the leading world currencies it is £50,000, €75,000 or
US$75,000.
Competitive interest rates
A competitive rate of interest for the term of the account is
calculated daily and credited upon maturity. Indicative
interest
rates are available to view online. For Isle of Man and
Jeresy office accountholders only: all interest is credited gross
without the deduction of any income tax.