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Commercial Banking

Fixed Term Deposit Account

Our Commercial Fixed Term Deposit Account gives you the stability of a guaranteed rate of interest, plus the flexibility to choose the duration of the term.

The reassurance of certainty

Why choose our Fixed Term Deposit Account?

This account supports your long-term business planning, allowing you to ring-fence your funds, build for the future and guarantee a predetermined return. It’s a highly effective solution for managing scheduled outflows such as tax obligations or future purchases.

Our commercial deposit accounts are available to Coutts commercial clients who hold a Coutts Business Current Account.

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The benefits

  • Flexible term— choose any time period between one month and five years that suits your needs
  • Fixed rate 
  • Banded interest rates based on the balance of savings 
  • No maximum balance 
  • Multi-currency: available in Sterling, Euros, US dollars and other currencies 
Summary Box

Account name: Fixed Term Deposit Account

What is the interest rate?

  • Interest is calculated daily. We will pay interest on a Fixed Term Deposit Account at maturity.
  • Below is an example of terms with indicative interest rates.
  • Your Commercial Banker can give you an exact rate depending on the selected term when you apply, and you will also see this when you apply online.
Sterling £25,000 - £2,999,999 £3 million - £9,999,999 £10 million +
AER/Gross p.a. (fixed) AER/Gross p.a. (fixed) AER/Gross p.a. (fixed)
1 month 3.00% 3.23% 3.29%
2 months 3.03% 3.29% 3.39%
3 months 3.50% 3.76% 3.81%
4 months 3.26% 3.54% 3.65%
5 months 3.28% 3.59% 3.67%
6 months 3.34% 3.64% 3.74%
7 months 3.34% 3.70% 3.76%
8 months 3.36% 3.71% 3.76%
9 months 3.42% 3.74% 3.77%
10 months 3.46% 3.74% 3.78%
11 months 3.51% 3.74% 3.80%
12 months 3.63% 3.77% 3.87%

Can Coutts change the interest rate?

No, these rates are fixed from when we accept your deposit and until the deposit matures.

What would the estimated balance be after 12 months, based on a range of deposits?

Deposit amount Balance after 12 months
£100,000 £103,630
£1 million £1,036,300
£3 million £3,116,100

Definitions

Annual Equivalent Rate (AER) This is a notional rate used for interest bearing accounts, which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.
Gross rate The interest rate without the deduction of income tax (where applicable). Interest will be paid gross.
p.a. Per annum (per year).

How do I manage my accounts?

  • This account is only available to you if you have a Coutts Business Current Account in the same currency as the Money Market Fixed Term Deposit Account you would like to open.  
  • The following minimum and maximum amounts apply to accounts in sterling only. Different minimum amounts and periods may apply to other currencies. Details are available on request. 
Term 1 month to 1 year Over 1 year
Minimum amount £25,000 £1 million
Maximum amount The amount is agreed at account opening

  • You can open your account by completing this form, calling Coutts BusinessLine on 020 7770 0070 (Relay UK 18001 020 7770 0070) or contacting your Commercial Banker. 
  • You can manage your account using the Coutts app or online banking, by calling Coutts BusinessLine or contacting your Commercial Banker. 

Can I withdraw money?

  • No, withdrawals are not permitted during the term of the deposit. 
  • When a deposit matures, we will transfer the total amount plus any interest to your linked Coutts Business Current Account on the same working day. 

Additional information

  • This account is available in sterling and other currencies.  
  • Early closure is not permitted during the term of the deposit. 
  • We do not deduct tax from the interest we pay you. The tax treatment may be subject to change in the future and depends on your individual circumstances. If you are unsure of your tax obligations, we strongly recommend that you obtain independent tax advice. 

Important documents

Before you apply, please read the important legal documents below as well as our Privacy Notice, which explains how your information might be used.

If you carry on applying, it means you're happy with what's in these documents, including the FSCS information sheet. Please take some time to review, print and/or save the important information.

Fixed Term Deposit Account Terms
Fixed Term Deposit Account Summary Box
FSCS information sheet and exclusion list

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Open a Fixed Term Deposit Account

You can apply for a Fixed Term Deposit online for amounts between £25,000 and £10 million in GBP, EUR and USD for a period of up to 12 months.

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Not a Coutts client?

Get in touch online or call Coutts 24 on 020 7957 2424 (Relay UK 18001 020 7957 2424) to see how we could support you. 

Protection from the Financial Services Compensation Scheme

Your eligible cash deposits held with Coutts & Co are protected up to a specific limit by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered. Investment business undertaken with Coutts & Co in the UK may be covered by the FSCS, the cover depending on the nature of the claim being made. Eligible claims for most types of investment business are covered up to the limit per person. FSCS cover is not available for loss of money resulting from performance of the investment.