Interest rates for business clients

Business Accounts

Current Account
Business Reserve Account
90 Day Notice Account 
Base Rate and Unarranged Borrowing Rate

Current Account*

 

 Previous

Balance

Gross rate pa

AER

to £25,000

0.00%

0.00% 

over £25,000

0.10% 

0.10% 


 

 New

Balance

Gross rate pa

AER

£1+

0.00%

0.00%

New rate effective from 31/10/2013.

Interest paid quarterly.

Business Reserve Account

 

 Previous

Balance

Gross rate pa

AER

to £249,999

0.30%

0.30%

over £249,999

0.50% 

0.50%


 

 New

Balance

Gross rate pa

AER

to £999,999

0.10%

0.10%

over £1m

 0.15% 

0.15%

New rate effective from 31/10/2013

Interest paid monthly.

90 Day Notice Account

Previous

New

Balance

Gross rate pa

AER

Gross rate pa

AER

All credit balances

1.45%     

1.46%

0.60%

0.60%

  • New rate effective from 07/08/2013
  • Interest paid monthly
  • 90 days' notice is required for each withdrawal.

Base Rate

Adam Base Rate

 0.50% pa

The Adam Base Rate tracks the Bank of England Base Rate.

Unarranged Borrowing Rate

Balances Rate pa
All balances if no limit has been agreed 8.50%

*Credit interest rates for Adam Current Accounts for Business Clients track the Bank of England Base Rate as follows:
For balances over £1: Base Rate - 3.75%. Minimum applicable rate 0.00%.

The Annual Equivalent Rate ('AER') is the notional rate which shows the gross interest rate as if paid and compounded on an annual basis.

'Gross' is the rate of interest before the deduction of Income Tax at the rate required by UK law.

Interest will be paid after deducting Income Tax (where applicable) at the rate required by law.

All rates are subject to variation.

Rates correct as at 31 October 2013.

We offer our clients money market deposit facilities in sterling, euros and other major currencies for periods ranging from call or overnight, to one year and beyond. Rates are available from your relationship manager.

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