Terms available

The Treasury Fixed Term Deposit Account is available for a fixed term of either:

• one, two, three, four, five, six, seven, eight, nine, ten, eleven or twelve months or;
• for any term ending on a specified date as selected by you (subject to a minimum term of one month and a maximum term of one year).

Information about current interest rates may be obtained from Danske Bank Markets by telephoning  028 9089 1100.

Phone lines are open 8am to 5pm Monday - Friday except for bank holidays in Northern Ireland. We may record or monitor calls to confirm details of our conversations, and for verification and quality purposes.

Interest rates payable on Treasury Fixed Term Deposit Accounts are fixed at the date of receipt of the initial lodgement for the term. This means Danske Bank cannot change the rate during the term.

Information on what your estimated balance might be after your agreed term may be obtained from Danske Bank Markets by telephoning  028 9089 1100.

• The account is available to business customers.
• You can open an account by calling 0345 850 9515, by contacting your relationship manager, or by visiting your nearest branch, alternatively you can apply using District Marketplace.
• You may view, but not operate, the account using the bank's District service (if you have registered for this service).
• You must have and maintain a Service Account for the duration of the Treasury Fixed Term Deposit Account, which can be one of our Business Current Accounts, a Business Investment Account or a Servicing Account.
• The minimum deposit required to open an account is £250,000. There is no maximum limit to the amount of funds you can invest.
• Deposits must be made in cleared funds from your Service Account and are only accepted on the date that the account is opened or when the balance in the account is rolled over for another term. Further deposits cannot be made to the account during the term, but you can open more than one account.

The Bank must receive any instructions in relation to your maturing deposit, including any rollover instructions, by the close of business on the business day before the maturity date.

• Withdrawals can normally only be made on the maturity date.
• In the event of the death of the account holder the account may be closed.
• In exceptional circumstances you may apply to close the account or make an early withdrawal before the maturity date. If the Bank approves your application the account will be closed (or the withdrawal will be made from the account) on the date the application is approved.
• At the end of the term, unless you instruct us otherwise, the balance in your account (including capital and any interest which has been credited to the account) will be transferred to Your Service Account and the interest rates and terms and conditions for your Service Account will apply.  

• Interest is paid 'gross'. This means that we do not deduct tax from the interest we pay. Depending on your personal circumstances, you may have to pay tax on your interest. If you are a sole trader or a partnership (where all the partners are individuals) this will depend on your total taxable income, interest that you receive and your Personal Savings Allowance.
• AER means ‘annual equivalent rate’. It tells you how much interest you’d earn if you put money in an account and left it there for a full year. It includes how often the interest is paid and assumes any interest paid during that year is added to the balance and earns interest. ( It is designed to make it easy for you to compare savings products.)