Current accounts

Find current and previous interest rates for all our business bank accounts.

Current interest rates

Product Effective Date
Electronic Banking Tariff
(For Business Banking customers with an annual turnover below £500,000 and a preference for banking by internet or by telephone)
23.11.11 This account does not pay credit interest
Business Current Account – Small Business Tariff
(For Business Banking customers with an annual turnover below £2,000,000 and a preference to use cash and cheques when banking)
23.11.11 This account does not pay credit interest
Business Current Account for larger organisations
(For Commercial Banking customers with an annual turnover between £2,000,000 and £25m)
23.11.11 This account does not pay credit interest
Schools and Colleges Account 23.11.11 This account does not pay credit interest
Community Account 23.11.11 This account does not pay credit interest

Previous interest rates

Product Effective Date Gross %  AER %
Business Direct
(For Business Banking customers with an annual turnover below £500,000 and a preference for banking by internet or by telephone)
11.12.08 0.00 0.00
Business Current Account – Small Business Tariff
(For Business Banking customers with an annual turnover below £2,000,000 and a preference to use cash and cheques when banking)
11.12.08 0.00 0.00
Business Current Account – Individually agreed pricing
(For Commercial Banking customers with an annual turnover between £2,000,000 and £25m or larger transactional volumes)
11.12.08 0.00 0.00
Schools and Colleges Account 11.12.08 0.00 0.00
Community Account 11.12.08 0.00 0.00

GROSS:The rate of interest if interest was paid and not compounded each year.  

All rates are quoted per annum, unless otherwise indicated, and are variable.

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