Business Accounts
These savings accounts are specially designed for businesses.
Accounts Available
Summary of Business Account Rates
|
Designated Client Deposit Account |
|
Min Investment Amount |
Investment Amount |
Gross (%) |
AER (%) |
Net (%) |
|
£100 |
£250,000 to £1,000,000 |
1.25 |
1.25 |
1.00 |
|
£150,000 to £249,999 |
0.75 |
0.75 |
0.60 |
|
£50,000 to £149,999 |
0.50 |
0.50 |
0.40 |
|
£20,000 to £49,999 |
0.25 |
0.25 |
0.20 |
|
£100 to £19,999 |
0.10 |
0.10 |
0.08 |
|
|
Rates effective from 10th August 2009
|
Undesignated Client Deposit Account |
|
Min Investment Amount |
Investment Amount
(Monthly Interest) |
Gross (%) |
AER (%) |
Net (%) |
|
£100 |
£6,000,000 plus |
1.98 |
2.00 |
- |
|
£4,000,000 to £5,999,999 |
1.74 |
1.75 |
- |
|
£2,000,000 to £3,999,999 |
1.49 |
1.50 |
- |
|
£1,000,000 to £1,999,999 |
1.34 |
1.35 |
- |
|
£250,000 to £999,999 |
1.24 |
1.25 |
- |
|
£150,000 to £249,999 |
0.75 |
0.75 |
- |
|
£50,000 to £149,999 |
0.50 |
0.50 |
- |
|
|
£20,000 to £49,999 |
0.25 |
0.25 |
- |
|
£100 to £19,999 |
0.10 |
0.10 |
- |
Rates effective from 1st October 2009 |
Net rates assume the lower rate of income tax of 20%. These figures are rounded and are for illustrative purposes only.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if the interest was paid and compounded each year.
GROSS: The gross contractual rate of interest before the deduction of tax at the appropriate rate specified by law.