Current Interest Rates for Micro Enterprise
Business deposit accounts - Micro Enterprise
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.
Business Premium Account - Micro Enterprise
A deposit account with instant access to funds. Interest paid quarterly. No minimum balance, maximum balance £50m.
Rates effective from 3rd August 2023.
Sterling (GBP)
| Balance £ |
Gross rate% |
AER % |
|---|---|---|
| £9,999,999+ | 2.000 | 2.015 |
| £5,000,000+ | 2.000 | 2.015 |
| £1,000,000+ | 2.000 | 2.015 |
| £500,000+ | 2.000 | 2.015 |
| £100,000+ | 2.000 | 2.015 |
| £1+ | 2.000 | 2.015 |
Eurozone (EUR)
If you are classified as a Micro Enterprise client, these rates will change on 2nd September 2024. If your account is opened on or after 12th June 2024, but before 2nd September 2024, you may receive a higher rate initially and new rates will be effective from 2nd September 2024.
| Date from: | Up to 9,999 | Up to 99,999 | Up to 499,999 | Up to 1,999,999 | Above 1,999,999 |
|---|---|---|---|---|---|
20/09/2023 GROSS |
1.500% | 1.500% | 1.500% | 1.500% | 1.500% |
20/09/2023 GROSS AER |
1.508% | 1.508% | 1.508% | 1.508% | 1.508% |
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 |
|---|---|---|---|---|---|
27/07/2023 GROSS |
2.100% |
2.100% |
2.100% |
2.100% |
2.100% |
27/07/2023 GROSS AER |
2.117% | 2.117% | 2.117% | 2.117% | 2.117% |
Client Account with Interest - Micro Enterprise
Client accounts for both general and designated use. An Interest-bearing client account for businesses or bodies who hold clients funds. Interest Paid Quarterly. Rates effective from 3rd August 2023.
Sterling (GBP)
| Balance | Gross rate % | AER % |
|---|---|---|
| £1,000,000+ | 2.000 | 2.015 |
| £500,000+ | 2.000 | 2.015 |
| £250,000+ | 2.000 | 2.015 |
| £100,000+ | 2.000 | 2.015 |
| £25,000+ | 2.000 | 2.015 |
| £1+ | 2.000 | 2.015 |
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 |
|---|---|---|---|---|---|
20/09/2023 Gross rate |
1.5% | 1.5% | 1.5% | 1.5% | 1.5% |
20/09/2023 Gross AER |
1.508% | 1.508% | 1.508% | 1.508% | 1.508% |
USA (USD)
| Date from: | Up to 50,000 | Up to 200,000 | Up to 500,000 | Up to 2,000,000 | Above 2,000,000 |
|---|---|---|---|---|---|
27/07/2023 Gross rate |
2.1% | 2.1% | 2.1% | 2.1% | 2.1% |
27/07/2023 Gross AER |
2.117% | 2.117% | 2.117% | 2.117% | 2.117% |
Call Deposit Account - Micro Enterprise
The Currency Call Deposit Account is an unrestricted, easy access deposit account
Eurozone (EUR)
| Currency Call Deposit Accounts | Effective Date | Gross Rate | AER | Minimum Balance |
| 20/09/2023 | ||||
| Eurozone (EUR)# | Up to 2,499 | 1.500% | 1.508% | 3000 |
| Up to 999,999,999,999,999 | 1.500% | 1.508% |
USA (USD)
| Currency Call Deposit Accounts | Effective Date | Gross Rate | AER | Minimum Balance |
| 27/07/2023 | ||||
| USA (USD)# | Up to 2,999 | 2.100% | 2.117% | 3000 |
| Up to 999,999,999,999,999 | 2.100% | 2.117% |