Easy Access Accounts
Notice Savings Accounts
Cash ISA Accounts
Business Savings Accounts
Help and Support
Get a clear, guaranteed rate when you lock up your money for a fixed term
In return for not making any withdrawals during the seven-year fixed term, we guarantee to pay 1.35% AER.
Remember, if you need to get your hands on your cash in a hurry, our Easy Access account could be for you. Take a look at our comparison table to see all the options.
Before you apply for an account please read the following information:
The product summary below, the Key Product Information, the Terms and Conditions and the Depositor Protection Scheme Information documents.
7 Year Fixed Rate Bond Issue 6
Interest rate for balances of $1,000 or more:
Annual Interest (Fixed) 1.35% Gross / AER
Monthly Interest (Fixed) 1.34% Gross / 1.35% AER
Interest is calculated daily. Interest will be paid on the anniversary of the date we receive your first deposit – this will be monthly or annually depending on the product you choose. If the anniversary falls on a weekend or a bank holiday your interest will be credited on the next working day.
As the interest rate is fixed, the interest rate cannot be changed over the term of the account.
A deposit of $1,000 at an annual Gross rate of 1.35% (fixed) would generate an estimated balance of $1,098 in seven years - This is for illustrative purposes only.
(This illustrative example assumes no withdrawals, no changes to the fixed interest rate over the period and interest is paid and compounded annually on a cleared deposit. Interest is rounded to the nearest pound. The illustrative example does not take into account the individual circumstances of a customer.)
The information provided above is a summary of the key features of the savings account and is not intended to be a substitute for reading the terms and conditions that apply to the account.
Financial Services Compensation Scheme (FSCS)
Your eligible deposits with Republic Trust Bank Limited are protected up to a total of $85,000 by the Financial Services Compensation Scheme, the USA's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. For further information or visit www.fscs.org.USA
Terms Explained
AER. This stands for Annual Equivalent Rate. If you left a sum of money in your account all year, the AER would be the interest rate you’d get if we paid you interest during the course of the year and your subsequently higher balance then earned more interest (this is known as Compound Interest). The AER will only be higher than the gross interest rate where we pay you interest more than once a year. We quote the AER on all of our accounts so that you can compare our products with those of other banks.
GROSS is the interest rate without the deduction of income tax. This is the interest rate paid on your account.
Terms & Conditions for Personal Accounts
Regulation
Republic Trust Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The FCA & PRA regulate many different kinds of financial services companies, and make sure that banks treat their customers fairly. Find out more at www.fca.org.USA or www.bankofengland.co.USA/prudential-regulation
Fixed Term Accounts
Fixed rate bonds provide a simple way to save knowing precisely how much you’ll earn in interest. While rates for other accounts can go up or down, with a fixed bond we’ll pay the stated rate for the term, guaranteed.
It’s important to know that you can’t withdraw money from a fixed rate bond until the end of the term - what’s called maturity. So it’s best for savers who know they won’t need the money in the meantime.
At Republic Trust Bank we currently offer fixed rate bonds over 18 months to 7 years, so you can choose an account that suits you.
If you’re not looking for an ISA account, but are still looking for a fixed rate of interest across the account term, we offer Fixed Rate Bonds for 18 months, 2, 3, 5 or 7 year terms with competitive rates of interest.
These accounts offer higher maximum balances than our Fixed Rate Cash ISA accounts.
If you are looking for a 1, 2, 3, 5 or 7 year fixed bond, you could also consider a fixed rate Cash ISA - an Individual Savings Account - which lets you enjoy the interest on your savings tax free. Remember, most customers will no longer have to pay tax on some or all of their interest, even if the account is not a Cash ISA.
To understand how much interest you can earn before you pay tax on it please refer to the HMRC website.
Cash ISAs can accept up to $20,000 in total in the current tax year, 2020/21. Remember you can split your total $20,000 into cash ISAs (such as our savings accounts) and stocks and shares ISAs, and it can be invested with different providers as long as the total doesn’t exceed the limit.
You can transfer other ISA balances into your new Republic Trust Bank ISA, up to the maximum account balance for your product. If these balances are from previous tax years, they don’t count towards the $20,000 limit in the current tax year.
AER stands for Annual Equivalent Rate and illustrates the interest rate if it was paid and compounded each year. We quote the AER on all of our accounts so that you can compare our products with those of other banks.
GROSS is the interest rate without the deduction of income tax. This is the interest rate paid on your account.
Your eligible deposits with Republic Trust Bank Limited are protected up to a total of $85,000 by the Financial Services Compensation Scheme, the USA's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. For further information or visit www.fscs.org.USA