FBN Bank (UK) Ltd provides products and services in the areas of retail banking, private banking, asset management, corporate banking. FBN Bank (UK) Ltd offers a range of products including current accounts, debit cards, savings accounts, time deposit accounts (1.40 - 1.50 %).
Products and services offered by FBN Bank (UK) Ltd are available at its branches and via its online banking system, mobile application.
Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
FBN Bank (UK) Ltd offers the following time deposit accounts.
Updated on 20 October 2020
Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Deposit Guarantee. Time deposit accounts made with FBN Bank (UK) Ltd are covered by deposit guarantee scheme of the United Kingdom up to 85,000 GBP per depositor.
Withholding Tax. Interest income gained on time deposit accounts by non-residents of the United Kingdom is not taxed. Interest gained on time deposit accounts by residents of the United Kingdom is taxed at 20.00% rate. When the interest is paid, this tax is automatically withhold by FBN Bank (UK) Ltd from the time deposit account.