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Rates & Charges
Clear figures so you can make comparisons
Weighing benefits against costs is an important part of any business decision. Review our tariffs and stay on top of costs to make sure you choose the most rewarding plan for your business.
The current Bank of England Bank Rate is 5.25% (effective from 3rd August 2023).
Unauthorised borrowing - If you overdraw your account or exceed an overdraft limit without prior agreement, you’ll be charged a higher rate of interest on this unauthorised borrowing. The Unauthorised Borrowing Interest (UBI) rate is 22.5% above the Bank of England bank rate.
For the purpose of calculating the UBI rate, if the Bank of England bank rate falls below 0%, the Bank of England bank rate will be treated as 0% until such time it exceeds 0%.
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Business Credit Card rates
Our Business Credit Card is a straightforward way for you to manage cashflow and stay on top of business expenses. Read through the tables below to see how your business will be charged for this service.
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Savings rates
Our savings accounts allow you to invest in the future and manage cashflow at the same time. To help you decide which one is right for your business, view the rates that apply to each account.
Client account rates
We offer two accounts designed to help you manage client funds.
Follow the link below to view the current and previous interest rates for our Clients’ Call Account and our Designated Client Account.
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International services rates and charges
We offer a variety of ways for you to do business overseas. View a summary of the rates and charges for our international services.
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Other service charges
We keep our charges clear, so you can plan your cashflow with tariffs in mind.
Security fees
Taking security can be complex. We’ll provide you with an estimate of the fees and expenses which may be payable in any given situation.
Electronic Business Tariff
If you regularly make transactions electronically – at ATMs, through internet banking or using automated payment tools like Faster Payments – the Electronic Business Tariff may be a better option than Business Extra Tariff, as this tariff ensures you pay less or nothing for these types of transactions.
Business Extra Tariff
With our Business Extra Tariff, you’ll be charged per transaction. If you plan to make only a small number of transactions per month, it may be the more cost-efficient option. Or you could move on to our Electronic Business Tariff, which offers lower charges for electronic transactions.
Specialist Accounts Tariff
We apply a specialist tariff on our School Bank Account, Segregated Funds Account, Designated Client Account, Undesignated Client Call Account and Trustee Account products. Our specialist tariff is provided free of charge, however charges for CHAPS, International Payments, Online Channels and other services apply.