bank: fixed term deposit

A safe investment with guaranteed fixed returns

If you've got a stash of cash that you're looking to invest; The Co-operative Bank Fixed Term Deposit Account could be just what you're looking for. It's a savings account where you can choose to invest for 1, 2 or 3 years. So if you've got some tempting dosh you want to stop yourself spending, this could be just the ticket. Apply Now.

Here's what you'll enjoy:

Fixed rates guaranteed for the term of your deposit, giving you a guaranteed rate of return with no risk
A super strict ethical policy which means we won't invest your money in the fur trade or companies that needlessly pollute the environment
The choice of 1, 2 or 3 year terms
The option for your interest to be paid as a regular monthly income or on maturity
Deposit from £2,000 to £1,000,000.

What about the interest rate?

Effective from 10th August 2010.

	Interest Credited	Gross %	AER%	Net%
1 year	Monthly	2.78	2.81	2.22
2 year	Monthly	3.06	3.10	2.44
3 year	Monthly	3.43	3.48	2.74
1 year	On maturity	2.81	2.81	2.24
2 year	On maturity	3.10	3.10	2.48
3 year	On maturity	3.50	3.50	2.80

So what are you waiting for?

All you need to do is print the application form off, fill it in, send it back to us and we'll do the rest.

Or you can take your form along to your local Co-operative Bank branch.

Please read the following documentation. (This will open as PDF in a new window).

Terms and Conditions (PDF - 0.1Mb)

Summary Box (PDF - 0.4Mb)

If you've got any more questions make sure you check out our FAQS or call 08000 284 470 for more information.

Just to make you aware, as this is a Co-operative Bank savings account, once your account is opened, you won't be able to see this with all your other smile accounts online. But don't worry you'll receive a paper statement each year letting you know how it's doing.

smile is part of The Co-operative Bank, which is a member of the Financial Services Compensation Scheme (FSCS), which would pay compensation to eligible customers in the unlikely event of the Bank becoming insolvent. Find out more.

This product may be withdrawn at any time and we may decline to accept any application and/or deposit.

Calls to 0845 numbers will cost no more than 4p per minute for BT customers. Call charges from other companies may vary and you may want to check this with your service provider.

Gross rate means the contractual rate of interest paid before deduction of income tax at the rate specified by law.

Net is the rate of interest that would be payable after allowing for the deduction of income tax at the rate specified by law.

AER means the Annual Equivalent Rate and illustrates the contractual rate of interest as if paid and compounded each year.

Rates are correct as at 18th May 2010.