Interest is calculated daily and paid monthly, on the date your account was opened. Interest is added to the account balance.

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

**Gross interest is the rate of interest before the deduction of income tax. The tax treatment and the rate of interest payable depend on individual circumstances and may be subject to change in the future.

No. The interest rate is fixed for the term of the Bond.

Please see the Business Fixed Rate Bond Terms and Conditions, in the for further details.

This table shows the estimated balance on a £10,000 deposit after 12 months.

Interest is calculated daily and paid monthly, on the date your account was opened. Interest is added to the account balance.

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

** Gross interest is the rate of interest before the deduction of income tax. The tax treatment and the rate of interest payable depend on individual circumstances and may be subject to change in the future.

If you’re 18 years or over and live in the UK, you can open a Business Fixed Rate Bond using our online application process. Here's what you will need:

1. Details of the UK business current account in your business name. This is your 'Nominated Account'. All deposits must come from this account, and all withdrawals will be sent to it.

2. The mobile phone number and email address for all account signatories.

3. An opening deposit between £10,000 and £10,000,000. You must transfer at least £10,000 within 14 days of opening your account.

4. Access to our Online Banking or the Cynergy Bank Mobile Banking app .

Existing Cynergy Bank business customers please contact your Relationship Manager or our Customer Service team if you need help.

Withdrawals and closures are not permitted before the end of the term. In exceptional circumstances we may let you take money out early or close your account before the maturity date. But this is up to us, and we'll ask for proof.

When you opened your account, if you selected to auto-renew your bond, your bond will automatically be renewed into a bond of the same term (or nearest equivalent), unless you contact us to update your preferences.

We'll contact you 14 days before your account matures to let you know what your options are at maturity. If no instructions are received before maturity, the account will move into the variable rate account.