A Time Deposit is a wholesale money markets investment which offers a fixed rate of interest for a fixed term. Interest is paid gross on maturity. Each investment is dealt on a contract basis and as such early withdrawals cannot be made. On maturity the time deposit can be renewed at the then current rates.
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If you would like further information regarding Nationwides Time Deposits, please register your details below (please complete all fields):
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The following are not eligible to claim compensation under the UK Financial Services Compensation Scheme for deposits:-
Large companies*, large mutual associations**, credit institutions, overseas financial services institutions, collective investment schemes operators or trustees, pension and retirement funds and their trustees, supranational institutions, governments, and central administrative authorities, provincial, regional, local and municipal authorities, firms within the Nationwide Building Society Group, persons holding 5% or more of the capital of Nationwide Building Society or of any firm in the Group, the auditors of Nationwide Building Society and its Group, persons considered responsible for the default, persons whose claim arises from transactions in connection with which they have been convicted of an offence of money laundering.
*Large companies are defined as firms with at least two of the three criteria: -turnover in excess of £6.5 million, balance sheet total in excess of £3.26 million; and more than 50 employees **Large mutual associations hold more than £1.4 million in net assets.
