Santander 12 Month Fixed Rate Breakable Time Deposit

Full product details for the Santander 12 Month Fixed Rate Breakable Time Deposit savings account, including application criteria, introductory rates, rates, isas, children's savings, over 50s isas, account access, account management, fees & charges, business accounts and structured investment plan.
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Santander 12 Month Fixed Rate Breakable Time Deposit Features & Benefits

Account TypeBusiness Term Account 
Account Term1 yearThe account term is 12 months.
Rate TypefixedThe type of interest rate is fixed.
Headline Interest Rate2.1%The headline interest rate is 2.10% AER.
Headline Interest Balance£50,000£50000.00
Online AccessnoTransactions cannot be carried out via the internet.
Branch AccessnoTransactions cannot be made at a branch.
Phone AccessyesTransactions can be made by telephone.
Introductory Bonus0%No introductory bonus payable.
Withdrawal NoticetermNo withdrawals permitted during term.
Minimum Initial Investment£50,000The minimum investment is £50000.
Closure Before MaturityyesClosure is permitted without notice or penalty, however the interest will be paid at 0.80% gross for the whole term if the product is closed before maturity.
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