Interest rates

Business Directplus

Current interest rates

 Gross %AER %Interest credited
£25,000+
0.06
0.06
Monthly
£100,000+ 0.09
0.09
£250,000+ 0.18
0.18
£500,000+ 0.25
0.25

Rates effective from 03/11/2016

 Gross %AER %Interest credited
£25,000+
0.00 0.00
Monthly
£100,000+ 0.00
0.00
£250,000+ 0.00
0.00
£500,000+ 0.00
0.00

Community Directplus

Current interest rates

 Gross %AER %Interest credited
£25,000+ 0.06
0.06
Monthly
£100,000+ 0.09
0.09
£250,000+ 0.18
0.18
£500,000+ 0.25
0.25

Rates effective from 03/11/2016

 Gross %AER %Interest credited
£25,000+ 0.00
0.00
Monthly
£100,000+ 0.00
0.00
£250,000+ 0.00
0.00
£500,000+ 0.00
0.00

Co-operatives Directplus

Current interest rates

 Gross %AER %Interest credited
£25,000 +
0.06
0.06
Monthly
£100,000+ 0.09
0.09
£250,000+ 0.18
0.18
£500,000+ 0.25
0.25

Rates effective from 03/11/2016

 Gross %AER %Interest credited
£25,000 +
0.00
0.00
Monthly
£100,000+ 0.00
0.00
£250,000+ 0.00
0.00
£500,000+ 0.00
0.00

Social Enterprise Directplus

Current interest rates

 Gross %AER %Interest credited
£25,000 +
0.06
0.06
Monthly
£100,000+ 0.09
0.09
£250,000+ 0.18
0.18
£500,000+ 0.25
0.25

Rates effective from 03/11/2016

 Gross %AER %Interest credited
£25,000 +
0.00 0.00
Monthly
£100,000+ 0.00 0.00
£250,000+ 0.00
0.00
£500,000+ 0.00 0.00

Rates correct as of 16/08/2015 - but are subject to variation unless otherwise stated.

Interest on all our current and deposit accounts is calculated daily on the full cleared balance.

£50,000+

Rates correct as of 27/7/2015 - but are subject to variation unless otherwise stated.

Interest on all our current and deposit accounts is calculated daily on the full cleared balance.

Business Select - Instant Access

Current interest rates

 Gross %AER %Interest credited
Up to £99,999 0.06
0.06
Twice Yearly
£100,000+ 0.09
0.09
£250,000+ 0.18
0.18
£500,000+ 0.25
0.25

Rates effective from 03/11/2016

 Gross %AER %Interest credited
Up to £99,999 0.03 0.03 Twice Yearly
£100,000+ 0.06
0.06
£250,000+ 0.12 0.12
£500,000+ 0.18 0.18

Business Select - 14 Day Notice

Current interest rates

 Gross %AER %Interest credited
Up to £99,999 0.09
0.09
Twice Yearly
£100,000+ 0.12
0.12
£250,000+ 0.21
0.21
£500,000+ 0.28
0.28

Rates effective from 03/11/2016

 Gross %AER %Interest credited
Up to £99,999 0.06
0.06 Twice Yearly
£100,000+ 0.09 0.09
£250,000+ 0.15
0.15
£500,000+ 0.21 0.21

Fixed Rate Deposit

 Gross %AER %

3 months

£10,000+ 0.34
0.34

6 months

£10,000+ 0.50 0.50

12 months

£10,000+ 1.12 1.12

Once you’ve invested in a Fixed Rate Deposit Account, no withdrawals are allowed for the duration of the investment period chosen, and early account termination is subject to consent from the Bank.

You therefore need to make sure that you are considering your future business cashflow when investing for a fixed period of time.

Please note that the following accounts can no longer be opened, but will continue to operate as normal

Corporate Treasury Account

Current interest rates

 Gross %AER %Interest credited
Up to £49,999
0.09
0.09
Monthly
£50,000+
0.18
0.18
£250,000+ 0.25
0.25
£500,000+ 0.31
0.31
£1,000,000+ 0.37
0.37
£3,000,000+ 0.37
0.37

Rates effective from 03/11/2016

 Gross %AER %Interest credited
Up to £49,999
0.03 0.03
Monthly
£50,000+
0.03
0.03
£250,000+ 0.06
0.06
£500,000+ 0.06
0.06
£1,000,000+ 0.12 0.12
£3,000,000+ 0.12 0.12

Corporate Reserve

Current interest rates

 Gross %AER %Interest credited
Up to £49,999
0.09
0.09
Monthly
£50,000+
0.12
0.12
£250,000+ 0.15
0.15
£500,000+ 0.18
0.18
£1,000,000+ 0.31
0.31

Rates effective from 03/11/2016

 Gross %AER %Interest credited
Up to £49,999
0.03 0.03
Monthly
£50,000+
0.03
0.03
£250,000+ 0.06
0.06
£500,000+ 0.06
0.06
£1,000,000+ 0.06 0.06

Public Sector Reserve

Current interest rates

 Gross %AER %Interest credited
Up to £49,999
0.09
0.09
Monthly
£50,000+
0.18
0.18
£250,000+ 0.28
0.28
£500,000+ 0.31
0.31
£1,000,000+ 0.37
0.37
£3,000,000+ 0.37
0.37

Rates effective from 03/11/2016

 Gross %AER %Interest credited
Up to £49,999
0.03 0.03
Monthly
£50,000+
0.03
0.03
£250,000+ 0.06
0.06
£500,000+ 0.06
0.06
£1,000,000+ 0.12 0.12
£3,000,000+ 0.12 0.12

Rates correct as at 16/08/2016 - but are subject to variation unless otherwise stated.

Interest on all our current and deposit accounts is calculated daily on the full cleared balance.

*For an explanation of terms used, please see our glossary.

The Bank reserves the right to decline any application and/or deposit

Personal Savings Allowance

Following the introduction of the new personal savings allowance, we will pay you gross interest on your savings. For more information about this and to find out how you may need to pay tax on the interest please visit the HMRC website.