|
|
 |
Interest Rates & Charges
Current interest rates
These are the interest rates currently in effect for our accounts and mortgages. Please read these
explanatory notes
for an explanation of the terms used.
BASE RATE
Bank of Scotland announces that with effect from 10 April 2008 that its Base Rate has been changed from 5.25% per annum to 5.00% per annum.
CURRENT ACCOUNTS
Corporate Current Account
| Balance |
AER % |
Gross % |
Link to base rate % |
| On all balances |
3.04 |
3.00 |
-2.00 |
| Rates with effect from 10 April 2008. |
For more information see the Corporate Current Account product page or
Corporate Current Account calculator.
Community Banking Current Account
| Balance |
AER % |
Gross % |
Link to base rate % |
| £250,000 and above |
4.07 |
4.00 |
-1.00 |
| £100,000 to £249,999 |
3.82 |
3.75 |
-1.25 |
| £50,000 to £99,999 |
3.56 |
3.50 |
-1.50 |
| £10,000 to £49,999 |
3.04 |
3.00 |
-2.00 |
| Under £10,000 |
0.00 |
0.00 |
-5.00 |
| Rates with effect from 10 April 2008. |
For more information see the Community Banking Current Account Community Banking Current Account product page
DEPOSIT ACCOUNTS
Corporate Bonus Account: Standard Rate
| Balance |
AER % |
Gross % |
Link to base rate % |
| £1,000,000 and above |
5.06 |
4.95 |
-0.05 |
| £500,000 to £999,999 |
5.01 |
4.90 |
-0.10 |
| Under £500,000 |
4.91 |
4.80 |
-0.20 |
Corporate Bonus Account: 30 Day Bonus Rate
| Balance |
AER % |
Gross % |
Link to base rate % |
| £1,000,000 and above |
5.12 |
5.00 |
0.00 |
| £500,000 to £999,999 |
5.06 |
4.95 |
-0.05 |
| Under £500,000 |
4.96 |
4.85 |
-0.15 |
Corporate Bonus Account: 60 Day Bonus Rate
| Balance |
AER % |
Gross % |
Link to base rate % |
| £1,000,000 and above |
5.17 |
5.05 |
0.05 |
| £500,000 to £999,999 |
5.12 |
5.00 |
0.00 |
| Under £500,000 |
5.01 |
4.90 |
-0.10 |
| Rates with effect from 10 April 2008. |
For more information see the Corporate Bonus Account product page.
CORPORATE E-BUSINESS DEPOSIT ACCOUNT
| Balance |
AER % |
Gross % |
Link to base rate % |
| £100,000 and above |
4.59 |
4.50 |
-0.50 |
| £50,000 to £99,999 |
3.87 |
3.80 |
-1.20 |
| £25,000 to £49,999 |
3.76 |
3.70 |
-1.30 |
| £5,000 to £24,999 |
3.51 |
3.45 |
-1.55 |
| Under £5,000 |
3.30 |
3.25 |
-1.75 |
| Rates with effect from 10 April 2008. |
For more information see the Corporate E-Business Deposit Account product page
or
Corporate E-Business Deposit Account calculator.
BasePLUS
| Balance |
AER % |
Gross % |
| £1,000,000 and above |
5.54 |
5.40 |
| £500,000 to £999,999 |
5.22 |
5.10 |
| Under £500,000 |
3.04 |
3.00 |
| These interest rates are effective from Thursday 15th May 2008 until Wednesday 21st May 2008. |
For more information see the BasePLUS product page.
Pension Fund Cheque Account
| Balance |
AER % |
Gross % |
Link to base rate % |
| £1,000,000 and above |
4.91 |
4.80 |
-0.20 |
| £100,000 to £999,999 |
4.70 |
4.60 |
-0.40 |
| £50,000 to £99,999 |
4.59 |
4.50 |
-0.50 |
| Under £50,000 |
4.07 |
4.00 |
-1.00 |
| Rates with effect from 10 April 2008. |
For more information see the Pension Fund Cheque Account product page.
Receivers Account
| Balance |
AER % |
Gross % |
Link to base rate % |
| £10,000 and above |
4.47 |
4.38 |
-0.62 |
| Under £10,000 |
2.48 |
2.45 |
-2.55 |
| Rates with effect from 10 April 2008. |
Trust Accounts
| Balance |
AER % |
Gross % |
Link to base rate % |
| £10,000 and above |
4.47 |
4.38 |
-0.62 |
| Under £10,000 |
2.48 |
2.45 |
-2.55 |
| Rates with effect from 10 April 2008. |
DISCONTINUED PRODUCTS
These are the interest rates currently in effect for our discontinued products.
Corporate Business Bonus Account: Instant Rates
| Balance |
AER % |
Gross % |
Link to base rate % |
| £100,000 and above |
4.54 |
4.45 |
-0.55 |
| £50,000 to £99,999 |
3.76 |
3.70 |
-1.30 |
| £25,000 to £49,999 |
3.71 |
3.65 |
-1.35 |
| £10,000 to £24,999 |
3.45 |
3.40 |
-1.60 |
| £2,500 to £9,999 |
3.20 |
3.15 |
-1.85 |
| Under £2,500 |
3.04 |
3.00 |
-2.00 |
Corporate Business Bonus Account: 30 Day Bonus Rate
| Balance |
AER % |
Gross % |
Link to base rate % |
| £100,000 and above |
4.70 |
4.60 |
-0.40 |
| £50,000 to £99,999 |
3.92 |
3.85 |
-1.15 |
| £25,000 to £49,999 |
3.87 |
3.80 |
-1.20 |
| £10,000 to £24,999 |
3.61 |
3.55 |
-1.45 |
| £2,500 to £9,999 |
3.35 |
3.30 |
-1.70 |
| Under £2,500 |
3.20 |
3.15 |
-1.85 |
Corporate Business Bonus Account: 90 Day Bonus Rate
| Balance |
AER % |
Gross % |
Link to base rate % |
| £100,000 and above |
4.85 |
4.75 |
-0.25 |
| £50,000 to £99,999 |
4.07 |
4.00 |
-1.00 |
| £25,000 to £49,999 |
4.02 |
3.95 |
-1.05 |
| £10,000 to £24,999 |
3.76 |
3.70 |
-1.30 |
| £2,500 to £9,999 |
3.51 |
3.45 |
-1.55 |
| Under £2,500 |
3.35 |
3.30 |
-1.70 |
| Rates with effect from 10 April 2008. |
Corporate Business Investment Account
| Balance |
AER % |
Gross % |
Link to base rate % |
| £1,000,000 and above |
4.23 |
4.15 |
-0.85 |
| £500,000 to £999,999 |
3.97 |
3.90 |
-1.10 |
| £100,000 to £499,999 |
3.20 |
3.15 |
-1.85 |
| £25,000 to £99,999 |
2.07 |
2.05 |
-2.95 |
| Under £25,000 |
1.51 |
1.50 |
-3.50 |
| Rates with effect from 10 April 2008. |
Corporate Investment Account
| Balance |
AER % |
Gross % |
Link to base rate % |
| £10,000,000 and above |
5.06 |
4.95 |
-0.05 |
| £5,000,000 to £9,999,999 |
5.01 |
4.90 |
-0.10 |
| £1,000,000 to £4,999,999 |
4.91 |
4.80 |
-0.20 |
| £500,000 to £999,999 |
4.75 |
4.65 |
-0.35 |
| Under £500,000 |
4.49 |
4.40 |
-0.60 |
| Rates with effect from 10 April 2008. |
Corporate Investment Reserve Account
| Balance |
AER % |
Gross % |
Link to base rate % |
| £10,000,000 and above |
5.12 |
5.00 |
0.00 |
| £5,000,000 to £9,999,999 |
5.06 |
4.95 |
-0.05 |
| £1,000,000 to £4,999,999 |
5.01 |
4.90 |
-0.10 |
| £500,000 to £999,999 |
4.85 |
4.75 |
-0.25 |
| Under £500,000 |
4.59 |
4.50 |
-0.50 |
| Rates with effect from 10 April 2008. |
Corporate Loyalty Account: Standard Rate
| Balance |
AER % |
Gross % |
Link to base rate % |
| £10,000,000 and above |
5.01 |
4.90 |
-0.10 |
| £5,000,000 to £9,999,999 |
4.96 |
4.85 |
-0.15 |
| £1,000,000 to £4,999,999 |
4.85 |
4.75 |
-0.25 |
| Under £1,000,000 |
4.44 |
4.35 |
-0.65 |
Corporate Loyalty Account: 30 Day Rate
| Balance |
AER % |
Gross % |
Link to base rate % |
| £10,000,000 and above |
5.17 |
5.05 |
0.05 |
| £5,000,000 to £9,999,999 |
5.12 |
5.00 |
0.00 |
| £1,000,000 to £4,999,999 |
5.06 |
4.95 |
-0.05 |
| Under £1,000,000 |
4.80 |
4.70 |
-0.30 |
Corporate Loyalty Account: 90 Day Rate
| Balance |
AER % |
Gross % |
Link to base rate % |
| £10,000,000 and above |
5.22 |
5.10 |
0.10 |
| £5,000,000 to £9,999,999 |
5.17 |
5.05 |
0.05 |
| £1,000,000 to £4,999,999 |
5.12 |
5.00 |
0.00 |
| Under £1,000,000 |
4.85 |
4.75 |
-0.25 |
| Rates with effect from 10 April 2008. |
Corporate 30 day Reserve Account
| Balance |
AER % |
Gross % |
Link to base rate % |
| £5,000,000 and above |
5.17 |
5.05 |
0.05 |
| £2,500,000 to £4,999,999 |
5.12 |
5.00 |
0.00 |
| £1,000,000 to £2,499,999 |
5.06 |
4.95 |
-0.05 |
| £500,000 to £999,999 |
4.91 |
4.80 |
-0.20 |
| £100,000 to £499,999 |
4.75 |
4.65 |
-0.35 |
| Under £100,000 |
4.02 |
3.95 |
-1.05 |
| Rates with effect from 10 April 2008. |
Direct Corporate Cheque Account
| Balance |
AER % |
Gross % |
Link to base rate % |
| £100,000 and above |
2.53 |
2.50 |
-2.50 |
| £50,000 to £99,999 |
2.27 |
2.25 |
-2.75 |
| £25,000 to £49,999 |
2.02 |
2.00 |
-3.00 |
| £5,000 to £24,999 |
1.51 |
1.50 |
-3.50 |
| Under £5,000 |
0.25 |
0.25 |
-4.75 |
| Rates with effect from 10 April 2008. |
CORPORATE HOBS INVESTMENT ACCOUNT
| Balance |
AER % |
Gross % |
Link to base rate % |
| £1,000,000 and above |
4.47 |
4.40 |
-0.60 |
| £100,000 to £999,999 |
4.22 |
4.15 |
-0.85 |
| £50,000 to £99,999 |
3.49 |
3.45 |
-1.55 |
| £25,000 to £49,999 |
3.03 |
3.00 |
-2.00 |
| Under £25,000 |
3.03 |
3.00 |
-2.00 |
| Rates with effect from 10 April 2008. |
Corporate Treasurers Account
| Balance |
AER % |
Gross % |
Link to base rate % |
| £2,500 and above |
2.27 |
2.25 |
-2.75 |
| Under £2,500 |
1.76 |
1.75 |
-3.25 |
| Rates with effect from 10 April 2008. |
Corporate Treasury Cheque Account
| Balance |
AER % |
Gross % |
Link to base rate % |
| £1,000,000 and above |
4.70 |
4.60 |
-0.40 |
| £500,000 to £999,999 |
4.49 |
4.40 |
-0.60 |
| £100,000 to £499,999 |
4.07 |
4.00 |
-1.00 |
| £50,000 to £99,999 |
3.56 |
3.50 |
-1.50 |
| Rates with effect from 10 April 2008. |
EXPLANATORY NOTES
The Annual Equivalent Rate (AER) represents the annual rate effectively received by the customer if interest at the gross rate applied during a year remained in the account and itself earned interest. As every advert for a savings product where a rate is displayed will contain an AER, you will be able to compare more easily what return you can expect from your savings over time.
Gross: the rate of interest paid without deduction of tax to eligible non-taxpayers:
- incorporated bodies such as limited companies, pension funds, charities, churches, societies, associations, clubs
- individuals not ordinarily resident in the UK who have completed the necessary Inland Revenue declaration
- non-taxpaying UK residents who have completed an Inland Revenue form R85 and lodged it with Bank of Scotland. Form R85 and an Inland Revenue explanatory leaflet (IR110) are available from all Bank of Scotland branches and from Corporate Customer Services
For customers with joint accounts for two persons, where one person can complete form R85 to have interest paid gross but the other person cannot, Bank of Scotland is offering the facility to have 50% of the interest paid gross and 50% paid net. All Bank of Scotland branches and Bank of Scotland Corporate Customer Services will give further information on this facility.
Current comparative interest rate information can be found on the British Bankers Association website www.bba.org.uk (opens new window)
|
|
|
