Interest rates

Rates correct as at 10th December 2013 - but are subject to variation unless otherwise stated.

These are the interest rates currently in effect for our business products. Previous rates are in brackets.

Business Directplus

 Net %Gross %AER %Interest credited
Up to £999 0.00 (0.00) 0.00 (0.00) 0.00 (0.00) Monthly
£1,000+ 0.10 (0.10) 0.12 (0.12) 0.12 (0.12)
£5,000+ 0.12 (0.12) 0.15 (0.15) 0.15 (0.15)
£10,000+ 0.15 (0.15) 0.18 (0.18) 0.18 (0.18)
£25,000+ 0.17 (0.17) 0.21 (0.21) 0.21 (0.21)
£100,000+ 0.20 (0.20) 0.25 (0.25) 0.25 (0.25)
£250,000+ 0.22 (0.52) 0.28 (0.65) 0.28 (0.65)


Interest is calculated daily on the cleared balance and is paid monthly. Rates payable apply to the full balance.

FSB Business Banking

 Net %Gross %AER %Interest credited
Up to £999 0.10 (0.10) 0.12 (0.12) 0.12 (0.12) Monthly
£1,000+ 0.12 (0.12) 0.15 (0.15) 0.15 (0.15)
£5,000+ 0.15 (0.15) 0.18 (0.18) 0.18 (0.18)
£10,000+ 0.17 (0.17) 0.21 (0.21) 0.21 (0.21)
£100,000+ 0.20 (0.20) 0.25 (0.25) 0.25 (0.25)
£250,000+ 0.22 (0.52) 0.28 (0.65) 0.28 (0.65)

 

Interest is calculated daily on the cleared balance and is paid monthly. Rates payable apply to the full balance.

Community Directplus

 Net %Gross %AER %Interest credited
Up to £1,999 0.00 (0.00) 0.00 (0.00) 0.00 (0.00) Monthly
£2,000+ 0.10 (0.10) 0.12 (0.12) 0.12 (0.12)
£10,000+ 0.12 (0.15) 0.15 (0.18) 0.15 (0.18)
£25,000+ 0.15 (0.20) 0.18 (0.25) 0.18 (0.25)
£100,000+ 0.17 (0.25) 0.21 (0.31) 0.21 (0.31)
£250,000+ 0.20 (0.32) 0.25 (0.40) 0.25 (0.40)


Co-operatives Directplus

 Net %Gross %AER %Interest credited
Up to £1,999 0.00 (0.00) 0.00 (0.00) 0.00 (0.00) Monthly
£2,000+ 0.10 (0.10) 0.12 (0.12) 0.12 (0.12)
£10,000+ 0.12 (0.15) 0.15 (0.18) 0.15 (0.18)
£25,000+ 0.15 (0.20) 0.18 (0.25) 0.18 (0.25)
£100,000+ 0.17 (0.25) 0.21 (0.31) 0.21 (0.31)
£250,000+ 0.20 (0.32) 0.25 (0.40) 0.25 (0.40)

Rates correct as at 06th August 2013
but are subject to variation unless otherwise stated

Business Select - instant access

Rates correct as at 29th March 2009

 Net %Gross %AER %Interest credited
Up to £2,499 0.05 (0.10) 0.06 (0.12) 0.06 (0.12) Twice Yearly
£2,500+ 0.05 (0.10) 0.06 (0.12) 0.06 (0.12)
£10,000+ 0.05 (0.10) 0.06 (0.12) 0.06 (0.12)
£50,000+ 0.05 (0.10) 0.06 (0.12) 0.06 (0.12)
£250,000+ 0.10 (0.12) 0.12 (0.15) 0.12 (0.15)
£500,000+ 0.12 (0.15) 0.15 (0.18) 0.15 (0.18)


Interest is calculated daily on the cleared balance and is paid twice yearly. Rates payable apply to the full balance.

Business Select - 14 day

Rates correct as at 15th March 2009

 Net %Gross %AER %Interest credited
Up to £2,499 0.07 (0.10) 0.09 (0.12) 0.09 (0.12) Twice Yearly
£2,500+ 0.07 (0.10) 0.09 (0.12) 0.09 (0.12)
£10,000+ 0.07 (0.10) 0.09 (0.12) 0.09 (0.12)
£50,000+ 0.07 (0.12) 0.09 (0.15) 0.09 (0.15)
£250,000+ 0.12 (0.15) 0.15 (0.18) 0.15 (0.18)
£500,000+ 0.15 (0.20) 0.18 (0.25) 0.18 (0.25)


Corporate Treasury account

 Net %Gross %AER %Interest credited
Up to £49,999 0.07 (0.07) 0.09 (0.09) 0.09 (0.09) Monthly
£50,000+ 0.15 (0.15) 0.18 (0.18) 0.18 (0.18)
£250,000+ 0.20 (0.20) 0.25 (0.25) 0.25 (0.25)
£500,000+ 0.25 (0.25) 0.31 (0.31) 0.31 (0.31)
£1,000,000+ 0.30 (0.45) 0.37 (0.56) 0.37 (0.56)
£3,000,000+ 0.30 (0.45) 0.37 (0.56) 0.37 (0.56)


Public Sector Reserve Account

Rates applicable from 25 March 2013

 Net %Gross %AER %Interest credited
Up to £49,999 0.07 0.09 0.09 Monthly
£50,000 to £249,999
0.15 0.18 0.18
£250,000 to £499,999
0.22 0.28 0.28
£500,000 to £999,999
0.25 0.31 0.31
£1m to £2,999,999
0.30 0.37 0.37
£3m+
0.30 0.37 0.37

 

Fixed Rate Deposit - Business Banking customers

 Net %Gross %AER %Date Applicable

1 month

£10,000+ 0.30 (0.27) 0.37 (0.34) 0.37 (0.34) 17/12/13
£100,000+ 0.30 (0.27) 0.37 (0.34) 0.37 (0.34) 17/12/13
£500,000 - £1,000,000
0.30 (0.27) 0.37 (0.34) 0.37 (0.34) 17/12/13

3 months

£10,000+ 0.57 (0.52) 0.71 (0.65) 0.72 (0.65) 17/12/13
£100,000+ 0.57 (0.52) 0.71 (0.65) 0.72 (0.65) 17/12/13
£500,000 - £1,000,000
0.57 (0.52) 0.71 (0.65) 0.72 (0.65) 17/12/13

6 months

£10,000+ 0.70 (0.67) 0.87 (0.84) 0.87 (0.84) 20/08/13
£100,000+ 0.70 (0.67) 0.87 (0.84) 0.87 (0.84) 20/08/13
£500,000 - £1,000,000
0.70 (0.67) 0.87 (0.84) 0.87 (0.84) 20/08/13

12 months

£10,000+ 1.20 (1.15) 1.50 (1.43) 1.50 (1.43) 12/11/13
£100,000+ 1.20 (1.15) 1.50 (1.43) 1.50 (1.43) 12/11/13
£500,000 - £1,000,000
1.20 (1.15) 1.50 (1.43) 1.50 (1.43) 12/11/13


Fixed Rate Deposit - Corporate Banking customers

For terms and rates please contact your Relationship Manager or call 0800 587 2864^

Corporate Reserve

 Net %Gross %AER %Interest credited
Up to £49,999 0.07 (0.10) 0.09 (0.12) 0.09 (0.12) Monthly
£50,000+ 0.10 (0.10) 0.12 (0.12) 0.12 (0.12)
£250,000+ 0.12 (0.15) 0.15 (0.18) 0.15 (0.18)
£500,000+ 0.15 (0.20) 0.18 (0.25) 0.18 (0.25)
£1,000,000+ 0.25 (0.37) 0.31 (0.46) 0.31 (0.46)

Rates correct as at 2nd November 2010
but are subject to variation unless otherwise stated.

1-2 years

 Fixed Rate %APR %
£2,500 - £10,000
7.29 (6.75) 7.53 (6.96)
£10,001 - £25,000
6.29 (7.25) 6.47 (7.49)
£25,001 - £100,000
Call 08448 448 446^ for a quote


3-5 Years

 Fixed Rate %APR %
£2,500 - £10,000
7.75 (5.75) 8.03 (5.90)
£10,001 - £25,000
6.75 (6.25) 6.96 (6.43)
£25,001 - £100,000
Call 08448 448 446^ for a quote


6-7 Years

 Fixed Rate %APR %
£25,001 - £100,000
Call 08448 448 446^ for a quote

Typical Example:: To Borrow £15,000 over 4 years would be a monthly payment of £357.49 at 6.75% (6.96 % APR) Total Repayment over the term of the loan: £17,159.50

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

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