Fixed Term Deposit Account

Your deposit plus any interest is paid into your linked Coutts Current Account/Currency Current Account on the maturity date.

The maturity date is the date at which the fixed term ends.

A fixed term account will usually offer a higher interest rate than an instant access product because you’re locking your money away for a specified term. The interest rates depend on the length of the term — in other words, how long you agree to lock your money away for. Usually, longer terms offer higher interest rates.

When you open a fixed term account you usually deposit a lump sum, and then that’s it — you don’t add more savings over time.

Instant access savings accounts are usually more flexible, because you can withdraw whenever you want, you don’t need to pay in a single lump sum, you can save regularly when you want — but usually the interest rate is lower compared with fixed term savings accounts.

If you’re looking for higher interest rates but don’t want to lock your money away for a set period of time, we also offer a fixed notice account. This savings account allows you to set the amount of notice you give us before withdrawing your money (35, 60 or 95 days) but usually offers a higher interest rate than instant access accounts.

If you’re not sure fixed term is for you, have a look at our other savings accounts.

There’s two ways to re-invest depending on your position.

For savings between £25,000 and £10 million in sterling, euro and/or US dollar, that you would like to re-invest for a period of up to 12 months, you can apply using the Coutts app or online banking. You can do this as soon as your existing Fixed Term Deposit Account has matured. 



We also offer more options, such as terms up to five years, additional currencies, or for deposits of more than £10 million. Please speak to your Private Banker or Coutts 24, who will get everything arranged for you.



You can check our current indicative interest rates at any time.

If you’re enrolled in our autorenewal service, your guaranteed interest rate will be confirmed on the day of maturity. To opt out of this service at any time please contact your Private Banker or Coutts 24. 

Auto-renewal allows you to renew your original deposit or total balance (including interest) before it reaches maturity. It could save you time and means you can continue to earn interest automatically.

Opt into auto-renewal by logging into your Coutts app or online banking

You can set up auto-renewal yourself from the day you open your new deposit through the digital service. It is available for sterling, euro and US dollar up to 25 million (in the currency being requested). For other deposit amounts, currencies, terms or to change or cancel the auto renewal, please contact Coutts 24 or speak to your Private Banker.

You can opt-in, make changes or cancel:

• For sterling: up to 4pm one business day before your Deposit matures
• For currency deposits: up to 4pm three business days before your Deposit matures

We’ll let you know your interest rate on the start date.

Will I be notified before my Fixed Term Deposit is renewed?

You will be able to view your auto-renewal status in your app or online. We will also write to you around 14 days before your Fixed Term Deposit matures. Coutts 24 or your Private Banker will be also be able to confirm this for you.

What happens if I choose not to set up an auto-renewal?

If you don’t make any changes, we’ll move your money and any interest you’ve earned into your linked account on the day of maturity.