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 private banking
and/or investment portfolio.
At any time during its term, you know exactly how much interest
you are earning on your deposit account 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 fixed term. Deposits longer than this term may be
made by arrangement.
Upon maturity we will reinvest your deposit 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 account,
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 fixed term
deposit is calculated daily and credited upon maturity. Indicative
interest rates are
available to view online. For Isle of Man and Jersey office
accountholders only: all interest is credited gross without the
deduction of any income tax.