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Harrods Bank
 

3 Year Fixed Rate Deposit - Existing Customers

ACCOUNT AVAILABLE TO EXISTING CUSTOMERS ONLY
 
For customers with between £20,000 and £2,500,000 to deposit over a 3 year fixed term, a guaranteed interest rate of 1.20% AER1/1.20% Gross2 p.a. can be obtained over the whole term. Interest is posted annually on 31st December and at maturity, when a statement is also issued.
 
OPEN AN ACCOUNT
  • Accounts may be credited with a single initial credit of a minimum of £20,000
  • Interest can either be paid to a Harrods Call Deposit Account or be added to your Fixed Rate Deposit Account 
  • No withdrawals are permitted and your capital must remain in the account for the 3 year fixed term until the maturity date
  • Customers must be a minimum of 18 years of age, and a UK resident
  • Available if you have held a Harrods Bank account (current account, savings or mortgage) from more than 12 months

 
 
 
ACCOUNT SUMMARY
Account Name 1 Year, 18 Month, 2 Year, 3 Year and 5 Year Fixed Rate Deposit Account
Interest Rates Interest rates payable – fixed for term of product
Interest paid annually on cleared balances above £20,000 and on maturity.
Maximum deposit £2,500,000
Please see our current Credit Interest Rates for Customers
Tax Status Interest is paid at the Gross rate without deducting any tax. Any interest earned will count towards your Personal Savings Allowance and you will be responsible for paying any tax due on interest credited to your account. Please refer to HMRC for further details.
Conditions for Bonus Payment Not applicable – no bonus payment.
Withdrawal Arrangements No withdrawals are allowed from the Fixed Rate Deposit Account.
Access No access to funds during the 1 year, 18 month, 2, 3 or 5 year period of the Fixed Rate Deposit Account.
Upon maturity funds will be paid to a Call Deposit Account at Harrods Bank Ltd unless you instruct us otherwise.
Eligibility These accounts are only open to individuals of 18 years and above.
The Bank has the right to withdraw the product at any time and you will not be informed in writing if the Bank does so. (please note this does not apply for existing holders of this account) UK Residents only.
 

To see a summary of all our personal accounts with the key product facts please click here


1 AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year. This allows you to compare easily what return you can expect from your savings over time.

2 The Gross Rate is the rate of interest you would receive on a savings account before the deduction of Basic Rate Tax.