Secure your future

Savings You Can Bank On

Why choose a Fixed Deposit?

If you’re looking to plan for the future, we understand the importance of saving, and we're pleased to introduce our deposit products designed to assist your financial journey. Whether you're dreaming of a holiday, a new home, or a comfortable retirement, we have the right savings solutions for you.

Choose your Time Period

Project your Interest Income

Quick and Easy Process

How can we help?

Fixed Term Deposit

Minimum deposit of £10,000.00.

Choose a fixed term: 1, 3, 6, or 12 months.

Know in advance how much your savings will earn.

At maturity date, the balance, which includes accrued interest, will be credited to your current account. Roll-over at maturity for a new term is only possible if this was instructed in your initial deposit request form or you have advised your Relationship Manager 3 days prior to maturity date.

The product is available to new and existing TNBank clients.

You must be a TNBank client to select it.

TNBank Horizon Deposits

Minimum deposit of £50,000.00.

Plan ahead with fixed rates over a fixed term.

Know in advance how much your savings will earn.

Interest paid at maturity.

At maturity date, the balance, which includes accrued interest, will be credited to your current account.

The product is available to new and existing TNBank clients.

You must be a TNBank client to select it.

Note: You cannot add to or withdraw from a Fixed Term Deposit, or TNBank Horizon Deposit, after the start date.

Interested in our deposits products?
Schedule a meeting at your convenience

Another saving option

Our current accounts are designed to help you manage your cash flow and as we pay a very competitive rate of interest, you can also use our account for savings. You have instant access to your funds whilst also allowing you the flexibility to create as many pots as you wish to save for a rainy day. A smart saving solution that will help you achieve the financial freedom you are looking for.

Find out more

Frequently Asked Questions

Can Trusted Novus Bank change the interest rate on a Fixed Term Deposit?

No, the interest rate is fixed for the term of your deposit. The rate will not change between the fixed term deposit start date and the fixed term deposit maturity date.

Can Trusted Novus Bank change the interest rate on my Current Account?

Yes, the interest rate is variable. If TNB makes changes to interest rates that are in your favour, then we have the right to apply that change immediately and write to you soon afterwards confirming that change. We can also change an interest rate immediately and without notice if that change is based upon the reference interest rate on our Price List.

Can I lose my money with a bank deposit or saving account?

The Gibraltar Deposit Guarantee Scheme (GDGS) protects depositors in the event of a Credit Institution authorised by the Gibraltar Financial Services Commission (GFSC) being unable to repay depositors.

The maximum compensation payable under the Scheme for each depositor is EUR 100,000, irrespective of the number of accounts or the currencies these are held in at the Credit Institution that has failed.

Can I withdraw money from my Fixed Term deposit?

You can't withdraw funds from a Fixed Term Deposit account until it reaches maturity – this means the date the term ends. Only under very special circumstances a Fixed Term Deposit can be cancelled. Contact your Relationship Manager should this need arise.

Can I withdraw money from my Current Account?

Yes. In line with any terms and conditions that apply, you can withdraw and transfer at any time without giving notice.

How can I place a Fixed Term Deposit?

For existing clients: contact your Relationship Manager and request that the amount you wish to fix is debited from your current account and placed for the duration you prefer at the interest rate that you agree.

For potential clients: please visit Personal Banking - personal service as and when you need it. (trustednovusbank.gi) and Private Banking at Trusted Novus Bank

What is a bank deposit?

Bank deposits consist of money placed into banking institutions for safekeeping. These deposits are made to deposit accounts such as savings accounts, current accounts, fixed term deposit accounts in financial institutions.

What affects interest rates?

Factors that affect interest rates are economic strength, inflation, government policy, supply and demand, credit risk, and loan period.

What causes inflation?

Inflation is an increase in the level of prices of the goods and services that households buy. It is measured as the rate of change of those prices.

Energy, Fuel and Food costs are up because of Russia/Ukraine.
Global Workforce shortage
Supply Chain and Transport difficulties globally
Impact of Covid

Gibraltar Deposit Guarantee Scheme

We are a fully registered and licensed bank in Gibraltar, our members automatically enjoy the protection of the Gibraltar Deposit Guarantee Scheme. This is one of the reasons we are able to protect and grow our members’ wealth in such a unique way.

You might also be interested in

Flex Savings

Flex Savings has been designed for those who wish to save for later in their lives in an easy, flexible and transparent way – without any hidden costs. Flex Savings is a special opportunity of combining investing and saving. Your deposit will be placed in a strategy fund which matches your investment profile.

Contact your RM

If you wish to see a specific example of the possible performance of your personal savings, please contact us.

We are looking forward to hearing from you. Plase contact your Relationship Manager at Trusted Novus Bank.

Contact Us