Current Sterling Interest Rates
      
Bank of England Base Rate is 0.500%, effective from 5th March 2009.
  
Business Deposit Accounts
  
We advise changes to interest rates on these accounts in accordance with the provisions of the Customer Agreement.
   
For full terms and conditions relating to each account, please contact your relationship team.
     
    

Sterling Business Tracker Account
  
An unrestricted, no-notice business savings account that combines easy access to your money with an interest rate that tracks the Bank of England Base Rate (subject to a minimum rate*). No minimum balance, maximum balance £50million. Interest paid monthly.
 
Balance £ Tracker Rule*
% below
Base Rate
Gross rate % AER % Net rate %
£25,000,000+ 0.500 0.250 0.250 0.200
£10,000,000+ 0.750 0.200 0.200 0.160
£5,000,000+ 1.000 0.200 0.200 0.160
£2,500,000+ 1.250 0.150 0.150 0.120
£1,000,000+ 1.500 0.150 0.150 0.120
£500,000+ 1.750 0.050 0.050 0.040
£250,000+ 2.000 0.050 0.050 0.040
£100,000+ 2.250 0.050 0.050 0.040
£0-£99,999 2.500 0.050 0.050 0.040

  
   

Business Premium Account
   
A deposit account with easy same day access available by transferring funds to your Business Current Account. Interest paid quarterly. No minimum balance, maximum balance £50million (£2million for financial institutions). This account is not available to customers classed as micro-enterprises under the Payment Services Regulations (PSRs).
  
Balance £ Gross rate % AER % Net rate %
£9,999,999+ 0.150 0.150 0.120
£5,000,000+ 0.150 0.150 0.120
£1,000,000+ 0.150 0.150 0.120
£500,000+ 0.050 0.050 0.040
£100,000+ 0.050 0.050 0.040
£1+ 0.050 0.050 0.040

    
   

Clients’ Premium Account
   
An interest-bearing client account for businesses or bodies who hold clients’ funds with no charges for cheques or credits. Interest paid quarterly. This account is not available to customers classed as micro-enterprises under the Payment Services Regulations (PSRs).
     
Balance £ Gross rate % AER % Net rate %
£1,000,000+ 0.150 0.150 0.120
£500,000+ 0.050 0.050 0.040
£250,000+ 0.050 0.050 0.040
£100,000+ 0.050 0.050 0.040
£25,000+ 0.050 0.050 0.040
£1+ 0.050 0.050 0.040

   
  

Clients’ Monies Scheme
     
For businesses or bodies who hold clients’ funds which must be kept separate. Individual interest bearing accounts for each client. Access is via same day transfer or by transferring to your Clients Premium Account. Interest paid quarterly. This account is not available to customers classed as micro-enterprises under the Payment Services Regulations (PSRs).
     
Balance £ Gross rate % AER % Net rate %
£1,000,000+ 0.150 0.150 0.120
£500,000+ 0.050 0.050 0.040
£250,000+ 0.050 0.050 0.040
£100,000+ 0.050 0.050 0.040
£25,000+ 0.050 0.050 0.040
£1+ 0.050 0.050 0.040

    
    

Client Saver
    
An unrestricted no-notice account for businesses or bodies who hold clients’ funds that combines easy access to funds with an interest rate that tracks the Bank of England Base Rate (subject to a minimum rate*). Interest paid quarterly.
     
Balance £ Tracker Rule*
% below
Base Rate
Gross rate % AER % Net rate %
£1,000,000+ 1.000 0.150 0.150 0.120
£250,000+ 1.500 0.050 0.050 0.040
£100,000+ 1.750 0.050 0.050 0.040
£25,000+ 2.000 0.050 0.050 0.040
£10,000+ 2.500 0.050 0.050 0.040
£1+ 3.000 0.050 0.050 0.040

   
    
Barclays Business Deposit Accounts Unauthorised Borrowing Rate

 

If your deposit account goes overdrawn you will be charged at the Unauthorised Borrowing Rate. This is currently 15% above Bank of England Base Rate. Interest will be calculated on your account on a daily basis and will be debited quarterly. The quarterly charging dates are available on request.

 

Barclays Treasury Deposits

 

For Call/Seven Day Notice deposits or for a fixed period earning interest at money market rates. Rates and minimum balance requirements available on request. At maturity for fixed deposits or on repayment for Call and Notice deposits, funds can be repaid to your Barclays current or deposit account.

   
   

Barclays Business Current Account With Credit Interest
       
A business Current Account to meet all of your day to day banking requirements. Business customers (maximum annual sales revenue £25,000,000) can choose to earn credit interest on their Business Current Account whilst paying standard Business Tariff.

 

Where credit interest is paid it will be paid quarterly in arrears on all cleared balances at a rate equal to 2.5% below the Bank of England Base Rate (‘Base Rate’). As Base Rate is below 2.5% at present the account currently pays a minimum rate of 0.1% gross/AER credit interest which is higher than the interest rate payable under the features of the account. However we reserve the right to change the current 0.1% minimum interest rate at any time.
    

Balance £ Gross rate % AER % Net rate %
£0.01+ 0.100 0.100 0.080

   
   
Barclays Business Current Account Unauthorised Borrowing Rate

 

If your current account goes overdrawn without prior arrangement, you will be charged at the Unauthorised Borrowing Rate. The interest rate for borrowing without an agreed overdraft facility is generally 29.5% unless we have agreed a different rate with you.

 

*For Sterling Business Tracker and Client Saver, this describes the differential between the Bank of England Base Rate and the product rate. We may introduce a minimum interest rate on the account. If we do, the interest rate we pay will be the higher of the tracker rate and the minimum rate. See product terms and conditions for more information.

 

Gross Rate is the contractual annual rate of interest payable before the deduction of income tax, at the rate specified by law (the ‘specified rate’).

 

AER (Annual Equivalent Rate) is a notional rate which illustrates the contractual interest rate (excluding any conditional bonus payable) as if paid and compounded on an annual basis.

 

Net Rate is the annual rate of interest which would be payable after allowing for the deduction of lower rate tax. The Tax Deduction Scheme for Interest (TDSI) may vary and, therefore, the net rate is given as an illustration only. Tax will be deducted in those cases where the Bank is obliged to do so.

 

IMPORTANT INFORMATION ABOUT COMPENSATION ARRANGEMENTS
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors – including most individuals and small businesses – are covered by the scheme.

 

In respect of deposits, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor’s accounts with the bank, including their share of any joint account, and not to each separate account.

 

For further information about the scheme (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website www.fscs.org.uk or call 020 7741 4100 or 0800 678 1100.

 

Barclays Bank PLC may also accept deposits under the following trading names: Barclays, Barclays Bank, Barclaycard, Barclays Business, Barclays Capital, Barclays Commercial, Barclays Corporate, Barclays Financial Planning, Barclays International Private Banking, Barclays Local Business, Barclays Premier, Barclays Private Bank, Barclays Wealth, Standard Life Cash Savings and Standard Life Cash Savings & Mortgages. Deposits accepted from an eligible depositor under these trading names are combined for the purposes of deposit compensation from the FSCS. The FSCS is not applicable to deposits held at branches in the Channel Islands or the Isle of Man.

 

Complaints About Our Service
We want to hear from you if you feel unhappy about the service you have received from us. Letting us know your concerns gives us the opportunity to put matters right for you and improve our service to all our customers. If you have reason to complain you may do so in person, in writing by post or email or by telephone. Details of our complaints handling procedures are available on request from any branch, your relationship team or servicing team, the Barclays Information Line on 0800 400 100 or www.barclays.co.uk.

 

Financial Ombudsman Service
If we are unable to resolve your complaint internally to your satisfaction, or we have not resolved your complaint within 8 weeks from when you first let us know about your concerns and you are an eligible complainant, you may be able to refer your complaint to the Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR (www.financial-ombudsman.org.uk).

 

The Financial Ombudsman Service is an organisation set up by law to give consumers a free and independent service for resolving disputes with financial firms. Details of those who are eligible complainants can be obtained from the Financial Ombudsman Service.

 

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