Interest rates

Business Select - Instant Access

Current interest rates

 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

 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

12 Month Fixed Rate Deposit

 Gross %AER %

12 months

£10,000+ 0.62
0.62

Interest rates can be found on your deposit confirmation letter, by calling our customer service centre, or by contacting your relationship manager.

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

Fixed Rate Deposit

Current interest rates

 Gross %AER %

3 months

£10,000+ 0.34
0.34

6 months

£10,000+ 0.50 0.50

Corporate Treasury Account

 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

Corporate Reserve

 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

 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

Rates correct as at 03/11/2016 - 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.

 

**Any reference to tax is based on our understanding of current tax regulations which may change in the future and depends on the customer’s individual financial circumstances.

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.