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)
	Account		Minimum Deposit £100,000			Maximum Deposit
	6 Month Fixed Term Deposit		3%			£10 million
	9 Month Fixed Term Deposit		3.38%			£10 million
	12 Month Fixed Term Deposit		3.75%			£10 million

 
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.

 

 

Deposits

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.

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