TREASURY SERVICES

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Time Deposits and Treasury Services

What is a Time Deposit?

A Time Deposit is a fixed-term investment that allows organisations to deposit funds for an agreed period in return for a guaranteed rate of interest. Time Deposits can provide a secure and predictable return while helping organisations manage surplus cash efficiently.

Key Features

  • Fixed interest rate for the agreed term
  • Deposit terms available from one month to five years
  • Investments from £250,000 to £25 million
  • Guaranteed returns for the duration of the deposit term
  • Available to a wide range of UK-based organisations and institutions
  • Competitive rates negotiated according to market conditions, deposit amount and term

We offer a range of Time Deposits with rates of interest that closely reflect those available in the London money markets.

Whether your priority is a guaranteed return or a tailored investment solution, we can arrange deposits from one month to five years to meet the needs of businesses, corporates, associations and other organisations.

How much can be invested in a Time Deposit?

The minimum deposit that Treasury Services will accept is £250,000 and the maximum amount is £25 million.

If you're looking to save between £1,000 and £250,000 you may be interested in our range of Savings Accounts for Business, please click here for more information.

Who can invest in a Time Deposit?

Financial institutions, public sector authorities, other corporate entities, pension schemes, universities, colleges, schools, clubs, societies, charities and unincorporated associations which are registered in the United Kingdom for tax purposes.

How long can I invest in a Time Deposit?

Deposits can be made for periods ranging from one month to five years. Specific maturity dates will be agreed with Treasury Services.

Time Deposit rates

Competitive interest rates are quoted by our Treasury Services department to reflect market conditions. Fixed rates are available and are negotiated with depositors depending on the amount and the deposit term.

Credit rating

National Counties is the 11th largest building society in the UK with total assets of £2.9bn. Whilst relatively active in the wholesale money market, it does not presently engage in large capital market transactions that would require a formal credit rating.

A key indicator of the Group's capital strength is its Common Equity Tier 1 capital ratio. At 31 December 2025 this stood at 17.8%.

UK Money Markets Code

National Counties acknowledges the UK Money Markets Code and is committed to adhering to the principals set out therein as confirmed in the statement of commitment found here.

Find out more about our Treasury Services and how to apply for a Time deposit

Our Treasury Services department is responsible for wholesale funding. For further information about applying for a Time Deposit, please contact us by either calling 01372 845321, emailing treasury@ncbs.co.uk or completing our Treasury deposits enquiry form.

Additional information about the Society and copies of our Annual Report & Accounts is available - please click here to be taken to the relevant page.

Please note that we are unable to provide advice or recommendations.

Financial Services Compensation Scheme

The Society participates in the Financial Services Compensation Scheme (FSCS) established under the Financial Services and Markets Act 2000. Treasury fixed term deposits are eligible deposits protected by the FSCS. Certificates of Deposit, however, are not protected under the FSCS.

For more information about eligibility and exclusions please refer to the FSCS website at www.FSCS.org.uk