fixed term Deposit
You could achieve a competitive rate of interest when you fix your money for a certain amount of time.
Eligibility criteria: You'll need to be 18 or older and have a Coutts Current Account. You will not be able to withdraw your money until the term has passed.
Why choose our fixed term deposit account?
- Fix your funds for any period between one month to five years
- Achieve a fixed rate of interest for the entire term of your deposit
- No maximum balances
- Available in GBP, EUR, USD and many other currencies
Money Market Fixed Term Deposit Account: Summary Box
What is the interest rate?
- Interest is calculated daily. We will pay interest on a Fixed Term Deposit at maturity
- Below is an example of terms with indicative interest rate
- Your private banker can provide you with an exact rate depending on selected term at time of application
GBP |
£25,000 - £2,999,999 |
£3M+ |
AER/GROSS P.A. (FIXED) |
AER/GROSS P.A. (FIXED) |
|
1 month |
3.61% |
3.81% |
2 months |
3.64% |
3.84% |
3 months |
3.62% |
3.82% |
4 months |
3.78% |
3.98% |
5 months |
3.78% |
3.98% |
6 months |
3.88% |
4.18% |
9 months |
3.84% |
4.34% |
12 months |
4.04% |
4.49% |
EUR |
€25,000 - €2,999,999 |
€3M+ |
AER/GROSS P.A. (FIXED) |
AER/GROSS P.A. (FIXED) |
|
1 month |
1.76% |
1.96% |
2 months |
1.75% |
1.95% |
3 months |
1.73% |
1.93% |
6 months |
1.76% |
1.96% |
9 months |
1.65% |
1.85% |
12 months |
1.73% |
1.93% |
USD |
$25,000 - $2,999,999 |
$3M+ |
AER/GROSS P.A. (FIXED) |
AER/GROSS P.A. (FIXED) |
|
1 month |
3.45% |
3.65% |
2 months |
3.41% |
3.61% |
3 months |
3.40% |
3.60% |
6 months |
3.62% |
3.82% |
9 months |
3.62% |
3.82% |
12 months |
3.75% |
3.95% |
can coutts change the interest rate?
No, these rates are fixed from when we accept your deposit and until the deposit matures.
What would the estimated balance be after 12 months based on a range of deposits?
Deposit Amount |
Balance after 12 months |
£100,000 |
£104,040 |
£1m |
£1,040,400 |
£3m |
£3,134,700 |
Definitions
Annual Equivalent Rate (AER) |
This is a notional rate used for interest bearing accounts, which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts. |
|---|---|
Gross Rate |
The interest rate without the deduction of income tax (where applicable). Interest will be paid gross. |
PA |
Per annum (per year)
|
How do I open and manage my account?
- This account is only available to you if you hold a Coutts Current Account or Currency Current Account denominated in the same currency as the Money Market Fixed Term Deposit Account you wish to open
- The following minimum and maximum amounts apply to accounts in sterling. Different minimum amounts and periods may apply to other currencies. Details are available on request
Term |
1 month to 1 year |
over 1 year |
Minimum amount |
£25,000 |
£1m |
Maximum amount |
The amount is agreed at account opening. |
|
- For amounts above £25,000 in GBP, EUR and USD and for fixed terms of up to 12 months, you can apply online. If you’re using our old app and online banking please contact your banker as you cannot apply for a Fixed Term Deposit online.
- For other amounts and fixed terms, contact your private banker or call +44 (0)20 7957 2424.
- You can manage your account by contacting your private banker, calling Coutts 24 or via our digital services
Can I withdraw money?
- No, withdrawals are not permitted during the term of the deposit
- When a deposit matures, we will transfer the total amount plus any interest to your linked Coutts Current Account/Currency Current Account on the same working day
additional information
EARLY CLOSURE
Early closure is not permitted during the term of the deposit.
TAX
We do not deduct tax from the interest we pay to you.
The tax treatment may be subject to change in the future and depends on your individual circumstances. If you are unsure of your tax obligations you are strongly advised to source independent tax advice.
Frequently Asked Questions
ready to apply?
For amounts above £25,000 in GBP, EUR and USD and for fixed terms of up to 12 months, you can apply online.* For other amounts and fixed terms, contact your private banker or call +44 (0)20 7957 2424
When you click 'Apply now' you'll be prompted to log in to our Digital Services to complete your application.
*If you’re yet to migrate to our new Coutts App please contact your banker as you cannot apply for a Fixed Term Deposit online.
not a coutts client?
If you're not already a Coutts client talk to us about how you can take advantage of our wealth management expertise.
Get in touch online or call Coutts 24 on +44 (0)20 7753 1365
Financial Services Compensation Scheme
Your eligible cash deposits held with Coutts & Co are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered. Investment business undertaken with Coutts & Co in the UK may be covered by the FSCS, the cover depending on the nature of the claim being made. Eligible claims for most types of investment business are covered up to a maximum of £85,000 per person. FSCS cover is not available for loss of money resulting from performance of the investment.
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