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Business Premium Account

The Business Premium Account is an interest bearing, easy access account available in Euros and US Dollars

Eurozone (EUR)

Date from:

Up to 9,999

Up to 99,999

Up to 499,999

Up to 1,999,999

Above 1,999,999

31/10/2016

GROSS1

0.000%

0.000%

0.000%

0.000%

0.000%

31/10/2016

GROSS AER2

0.000%

0.000%

0.000%

0.000%

0.000%

USA (USD)

Date from:

Up to 9,999

Up to 99,999

Up to 499,999

Up to 1,999,999

Above 1,999,999

20/12/2018

GROSS1

1.750%

1.750%

1.750%

1.750%

1.750%

20/12/2018

GROSS AER2

1.762%

1.762%

1.762%

1.762%

1.762%

The interest calculation is based on a 360-day year. Rates will be reviewed regularly and may be varied at the Bank’s discretion at any time. Interest is paid quarterly.

For cut off times and ‘value given’ date for deposit, please contact your Relationship team.

¹Gross is the rate of interest payable without the deduction of tax

²AER (Annual Equivalent Rate) is a notional rate which illustrates the contractual interest rate as if paid and compounded on an annual basis.

Important information about tax on interest earned

In accordance with UK tax legislation, from 6 April 2016 interest is paid gross. For UK resident individuals (including sole traders or partnerships), if you are a UK taxpayer you may have to pay tax on interest earned in excess of your Personal Savings Allowance. For information and guidance, please refer to HMRC’s website www.hmrc.gov.uk^.

The management of your tax affairs is your responsibility, including making any required declarations to the relevant tax authority(ies), where you are tax resident.