Business banking > Deposit accounts > Interest rates
Interest rates
Rates correct as at 9th March 2010 - 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.
- Current accounts
- Deposit accounts
- Fixed rate loans
- General information
Current Accounts
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.
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Clarity Business Banking
| |
Net % |
Gross % |
AER % |
Interest credited |
| £0.01+ |
0.10 (0.10) |
0.12 (0.12) |
0.12 (0.12) |
Monthly |
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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.
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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) |
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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) |
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Deposit Accounts
Rates correct as at 9th March 2010
but are subject to variation unless otherwise stated
Business Select - Instant Access
Rates correct as at 11th 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.
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Business Select - 14 Day
Rates correct as at 11th 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) |
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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 + |
0.45 (0.50) |
0.56 (0.62) |
0.56 (0.62) |
| £3,000,000 + |
0.45 (0.50) |
0.56 (0.62) |
0.56 (0.62) |
Interest is calculated daily on the cleared balance and is paid monthly. Rates payable apply to the full balance.
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Public Sector Reserve Account
| |
Net % |
Gross % |
AER % |
Interest credited |
| Up to £49,999 |
0.07 (0.10) |
0.09 (0.12) |
0.09 (0.12) |
Monthly |
| £50,000 to £249,999 |
0.10 (0.15) |
0.12 (0.18) |
0.12 (0.18) |
| £250,000 to £499,999 |
0.15 (0.20) |
0.18 (0.25) |
0.18 (0.25) |
| £500,000 to £999,999 |
0.20 (0.25) |
0.25 (0.31) |
0.25 (0.31) |
| £1m to £2,999,999 |
0.25 (0.30) |
0.31 (0.37) |
0.31 (0.37) |
| £3m+ |
0.40 (0.60) |
0.50 (0.75) |
0.50 (0.75) |
Interest is calculated daily on the cleared balance and is paid monthly. Rates payable apply to the full balance.
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Guaranteed Investment
| Term |
Net % |
Gross % |
AER % |
Date applicable |
| 1 month |
| £25,000+ |
0.22 (0.22) |
0.28 (0.28) |
0.28 (0.28) |
02/03/10 |
| £100,000+ |
0.30 (0.30) |
0.37 (0.37) |
0.37 (0.37) |
02/03/10 |
| £500,000+ |
0.50 (0.50) |
0.62 (0.62) |
0.62 (0.62) |
09/03/10 |
| £1,000,000+ |
0.50 (0.50) |
0.62 (0.62) |
0.62 (0.62) |
09/03/10 |
| £5,000,000 - £10,000,000 |
0.50 (0.50) |
0.62 (0.62) |
0.62 (0.62) |
09/03/10 |
| 3 months |
| £25,000+ |
0.30 (0.30) |
0.37 (0.37) |
0.37 (0.37) |
02/03/10 |
| £100,000+ |
0.40 (0.40) |
0.50 (0.50) |
0.50 (0.50) |
02/03/10 |
| £500,000+ |
0.80 (0.80) |
1.00 (1.00) |
1.00 (1.00) |
09/03/10 |
| £1,000,000+ |
1.02 (1.02) |
1.28 (1.28) |
1.28 (1.28) |
09/03/10 |
| £5,000,000 - £10,000,000 |
1.02 (1.02) |
1.28 (1.28) |
1.28 (1.28) |
09/03/10 |
| 6 months |
| £25,000+ |
0.47 (0.47) |
0.59 (0.59) |
0.59 (0.59) |
02/03/10 |
| £100,000+ |
0.55 (0.55) |
0.68 (0.68) |
0.68 (0.68) |
02/03/10 |
| £500,000+ |
1.20 (1.15) |
1.50 (1.43) |
1.50 (1.44) |
09/03/10 |
| £1,000,000+ |
1.47 (1.42) |
1.84 (1.78) |
1.85 (1.78) |
09/03/10 |
| £5,000,000 - £10,000,000 |
1.47 (1.42) |
1.84 (1.78) |
1.85 (1.78) |
09/03/10 |
| 12 months |
| £25,000+ |
0.55 (0.55) |
0.68 (0.68) |
0.68 (0.68) |
09/03/10 |
| £100,000+ |
0.62 (0.62) |
0.78 (0.78) |
0.78 (0.78) |
09/03/10 |
| £500,000+ |
1.47 (1.42) |
1.84 (1.78) |
1.84 (1.78) |
09/03/10 |
| £1,000,000+ |
1.70 (1.67) |
2.12 (2.09) |
2.12 (2.09) |
09/03/10 |
| £5,000,000 - £10,000,000 |
1.70 (1.67) |
2.12 (2.09) |
2.12 (2.09) |
09/03/10 |
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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) |
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Loans
Rates correct as at 2nd March 2010
but are subject to variation unless otherwise stated.
1-2 Years
| |
Fixed Rate % |
APR % |
| £2,500 - £10,000 |
7.13 (7.50) |
7.36 (7.76) |
| £10,001 - £25,000 |
6.13 (6.50) |
6.30 (6.69) |
| £25,001 - £100,000 |
Call 08457 213 213 for a quote |
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3-5 Years
| |
Fixed Rate % |
APR % |
| £2,500 - £10,000 |
8.38 (8.66) |
8.70 (9.01) |
| £10,001 - £25,000 |
7.38 (7.66) |
7.63 (7.93) |
| £25,001 - £100,000 |
Call 08457 213 213 for a quote |
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6-7 Years
| |
Fixed Rate % |
APR % |
| £25,001 - £100,000 |
Call 08457 213 213 for a quote |
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Typical Example: To Borrow £15,000 over 4 years would be a
monthly payment of £361.99 at 7.38% (7.63% APR)
Total Repayment over the term of the loan: £17,375.46
Explanatory Notes
Net rate - assumes 20% Basic Rate Income Tax and are paid to all customers except those who are eligible and apply for payment of interest gross
Gross rate – is the annual rate of interest which is allowed without deduction of basic rate tax to certain organisations.
The Annual Equivalent Rate (AER) – a notional rate calculated as if the gross rate was paid and compounded on an annual basis. Rates payable apply to the full balance.
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