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3 Year Fixed Rate Deposit - Maturity

FOR MATURITY CUSTOMERS ONLY
To apply, please refer to the letter we sent you about your maturing product
 

Tandem Money Limited has announced that it has signed an agreement to acquire Harrods Bank. The transaction is subject to regulatory approval. The Bank will remain authorised by the PRA and regulated by the PRA and FCA and will continue to operate its business and service its customers. The Bank’s deposits are also protected by the Financial Services Compensation Scheme, the UK's deposit protection scheme, and will remain protected once the acquisition receives regulatory approval.

For further details please click here.
 

For customers with between £20,000 and £2,500,000 to deposit over a 3 year fixed term, a guaranteed interest rate of 2.25% AER1 2.25% 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 2 year fixed term until the maturity date
  • Customers must be a minimum of 18 years of age, and a UK resident
 
ACCOUNT SUMMARY, 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.