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5 Year Fixed Rate Deposit (Issue 2)
Put your savings away over a fixed term
4.40% AER*
Fixed interest rate
Minimum balance £1,000
Maximum balance £250,000
*AER is the Annual Equivalent Rate and it illustrates what the current interest rate would be if interest was paid and compounded each year.
Key product information
What is the interest rate?
Interest is calculated daily and either paid gross in full on the maturity date of your account or annually to your nominated bank account.
We will not deduct tax automatically from the interest we pay on money in your account. It is your responsibility to pay any tax you may owe to HM Revenue & Customs (HMRC). Please refer to HMRC website for further details.
| Product | Balance | Gross1 Annual Interest Rate | AER2 |
|---|---|---|---|
| 3 Year Fixed Rate Deposit (Issue 9) | £1,000 - £250,000 | 4.61% | 4.61% |
1 Gross is the interest rate without the deduction of income tax.
2 AER is the Annual Equivalent Rate and it illustrates what the interest rate would be if interest was paid and compounded once a year.
Can DF Capital change the interest rate?
No. The interest rate is fixed and will not change for the term of the product.
We guarantee to pay the interest rates shown provided a deposit is paid into the account within 14 calendar days of the account being opened.
What would the estimated balance be after 12 months or at maturity based on a £1,000 deposit?
These are for illustration only and do not take into account your individual circumstances.
The examples assume that funds are cleared in your account on the day your account is opened and no further deposits or withdrawals are made.
| Product | Deposit at Account Opening | Balance at Maturity |
|---|---|---|
| 3 Year Fixed Rate Deposit (Issue 9) | £1,000.00 | £1,144.77 |
| Product | Deposit at Account Opening | Balance after 12 Months |
|---|---|---|
| 3 Year Fixed Rate Deposit (Issue 9) | £1,000.00 | £1,046.10 |
How do I open and manage my account?
Accounts can be opened online at www.dfcapital.bank
These accounts are only open to individuals of 18 years and above, resident in the UK and liable to pay tax only in the UK. Please notify us immediately if you are no longer only liable for UK tax.
Customers must fund the accounts within the 14 days of account opening. During this period, you can make as many deposits as needed.
The minimum balance is £1,000 and the maximum is £250,000. The maximum deposit balance that you can hold with us across all savings accounts is £250,000. The minimum deposit amount is £1,000.
You will need the account number and sort code of a UK bank or building society account on which you are named as an account holder. This ‘nominated account’ must be used as the source of any money deposited with us and will also be used as the destination account of any funds withdrawn.
Once open, you can manage your account online. You can also call us on 0330 094 0162 or send us an email at savings@dfcapital.bank. Our opening hours are Monday to Friday 9am to 5:30pm, excluding Bank Holidays.
Can I withdraw money?
No withdrawals, transfers or closures are permitted during the term of the product.
Additional information
If you change your mind within 14 days of opening your account we will close your account without any penalty or notice.
Please note that we may withdraw the availability of these products at any time without notice.
Your eligible deposits with DF Capital are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. This limit applies to the total deposits held with DF Capital. Any deposits you hold above the limit are unlikely to be covered. For more information and to check eligibility please visit the FSCS website (www.fscs.org.uk).
The account Terms & Conditions contain important information regarding this account. This document can be found in the Key documents table below.
Key documents
You can choose how you want your interest to be paid
Interest paid annually
- Annual income on your savings
- Interest paid into your nominated account
Interest paid upon maturity
- Interest paid as a lump sum upon the term of the account
- Earn interest on both your original investment and the interest it earns over time