ACCOUNT NAME: BUSINESS MONEY MARKET CALL DEPOSIT ACCOUNT & BUSINESS MONEY MARKET NOTICE DEPOSIT ACCOUNT
What is the interest rate?
These accounts have variable credit interest rates that can change daily. You can find out the current rates by contacting the Money Market Office on 0345 850 1155*
Deposits for Call Deposit Accounts can be:
- Standard deposits, monthly interest deposits or daily interest deposits
Deposits for Notice Deposit Accounts can be:
- Standard deposits or monthly interest deposits
For standard deposits, we pay credit interest up to the end of June on 1 July and up to the end of December on 1 January each year.
For monthly interest deposits, we pay credit interest on the monthly anniversary of the day you opened your Account.
For daily interest deposits, we pay credit interest the day after we calculate it.
Interest goes into the Money Market account or paid directly to the linked sterling business account.
Can the Bank change the interest rate?
Yes, these accounts have variable interest rates that can change daily, so we won’t tell you about favourable or unfavourable changes to them.