Bank of Scotland 1 Year Term Deposit Account

A way of saving a single amount with a fixed interest rate for a set length of time, so you know exactly what return you'll get.

• Minimum opening balance - from £500
• Maximum balance - £9 million per account
• Withdrawals - if after 6 months you need to withdraw your funds you may close your account subject to loss of interest unless it is a Qualifying Time Deposit
• No additional deposits - after opening your account
• Manage your savings - by telephone or branch. View your balance online 24/7 

View current rates, summary box and further information before you apply for a Bank of Scotland 1 Year Term Deposit Account

For further details on monthly and annual interest rate options, please visit our interest rates section.

View summary box and further information before you apply for a Bank of Scotland 1 Year Term Deposit Account

View further information or apply for a Bank of Scotland 1 Year Term Deposit Account

Fixed interest - the rate we pay is guaranteed not to change throughout the term

Interest paid - on maturity, annually or monthly 

Maturity of term - we will write to you before maturity to ask for instructions

Eligibility - UK and non-UK resident personal and non-personal customers (pop into branch to apply if non UK).

Account conditions   (opens as PDF)

We are a member of the  Financial Services Compensation Scheme so our customers' savings are protected (up to £50,000).

Apply for a Bank of Scotland 1 Year Term Deposit Account

It only takes a few minutes...

How to fund your account with an opening credit
There are 3 convenient ways you can fund your account:

• Over the counter at any Bank of Scotland branch
• By standing order or a money transfer from another financial institution. (You will need to quote your new account details. External bank payments are only accepted via BACS)
• By posting us a cheque to the following address:
  Halifax , PO Box 548, LEEDS, LS1 1WU
  Please make your cheque payable to the account holder's name and include your new account details on the reverse.  

Please note: Interest rates are fixed on the day we receive your opening deposit.

Before you begin make sure you have the following details to hand:

• Your Bank of Scotland Current Account details (if you are an existing customer)
• Previous address details if you have lived at your current address for less than 3 years
• If you are applying for a joint account, please ensure you have the above details for the second applicant, as well as their personal details.

...apply online

If you are new to online banking apply here

If you're an online banking customer sign in to apply

Alternatively, call us today on 0845 122 1344 (lines open 8am-8pm Mon-Fri, 8am-6pm Sat and 9am-5pm Sun) or call into your nearest branch.