Brown Shipley Launches New Fixed Term Deposit Account
If you want to make the most of your savings, why not consider opening a Fixed Term Deposit account with a guaranteed interest rate.
Choose a term that best suits your needs, either 6, 9 and 12 months. Our Fixed Term Deposit account rewards commitment - when you opt for a longer term, you will receive a higher interest rate. Withdrawals and early closures are only permitted if the proceeds are used for a Brown Shipley Investment. However, at maturity, interest will be credited to your account or can be paid into another account of your choice.
What is the interest rate?
Interest Rate (AER*/Gross)
6 Month Fixed Term Deposit
9 Month Fixed Term Deposit
12 Month Fixed Term Deposit
Interest is calculated daily and is paid at the end of the term. *AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year.
Can Brown Shipley change the interest rate?
No, as the interest rate is fixed during the term.
At the end of term:
At maturity, interest will be credited to your account or can be paid into another account of your choice.
To open the account you must be:
an existing Brown Shipley client
a UK resident; and
aged 18 or over.
Please speak to your Client Advisor, if you would like to open an account.
Further additions to the initial deposit are not allowed, however additional Fixed Term Deposit accounts may be opened subject to the terms and rates available at the time.
Managing your account
Through your Client Advisor and view online on My Brown Shipley
A confirmation letter will be issued after account opening.
Can I withdraw money?
Withdrawals and early closures are only permitted if the proceeds are used for a Brown Shipley Investment. Otherwise you are not permitted to withdrawal or close your account early.
Illustrations are examples only and don’t take into account individual circumstances.
The information contained in this article is defined as non-independent research because it has not been prepared in accordance with the legal requirements designed to promote the independence of investment research, including any prohibition on dealing ahead of the dissemination of this information.
How to Use this Information
This article contains general information only and is not intended to constitute financial or other professional advice or a recommendation that any recipient of this information should make any particular investment decision. Always consult a suitably qualified financial advisor on any specific financial matter or problem that you have.
Except insofar as liability under any statute cannot be excluded, neither Brown Shipley nor any employee or associate of them accepts any liability (whether arising in contract, tort, negligence or otherwise) for any error or omission in this article or for any resulting loss or damage whether direct, indirect, consequential or otherwise suffered by the recipient of this article.
Investing in stocks either directly or indirectly carries investment risk. The value of equity based investments may go down as well as up over time due to factors such as, market volatility, interest rates, and general economic conditions.
Investing puts your capital at risk. Lending is subject to status.