Common use of Fixed Term Deposits Clause in Contracts

Fixed Term Deposits. (Time deposits) 11.1 Time deposit accounts are available in British Pound Sterling (GBP), US Dollars (USD), Euros (EUR) and Chinese Yuan (RMB). 11.2 You can choose from 1 month, 3 months, 6 months and 12 months fixed deposit terms. 11.3 We can provide statements monthly, quarterly, or half-yearly. 11.4 You can choose to automatically continue or renew the deposit for any term or automatically transfer the deposit into your Flexible Account upon maturity. 11.5 Customers can withdraw money from their Time Deposit Account before maturity, however, please be aware that all interest will be lost and we will charge you a £25 (British Pound Sterling) processing fee. 11.6 This product is available to customers who wish to deposit at least £1000 (British Pound Sterling) (or deposit currency equivalent) unless otherwise stated. 11.7 Customers must be aged 16 years or over. 11.8 For more information about the interest rates we offer including the Gross rates or AER rates, please contact one of our staff or visit our website ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇▇▇/▇▇▇▇▇/▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. 11.9 To apply for a Fixed Term Deposit Account, please apply at one of our branches. You can also find more details on our website. Full terms and conditions apply and are available on request. 11.10 You must hold a Flexible Account with us before you can apply for a Fixed Term Deposit account. 11.11 You may transfer money from your Flexible Account into your Time Deposit Account at one of our branches or via Internet Banking.