Interest rates for private clients

Private Accounts

Current Account
Student Account
Private Reserve Account
90 Day Notice Account
Fixed Term Money-Market Deposits
Cash ISA
Base Rate and Unarranged Borrowing Rate

 

Current Account and Student Account*

 

Previous		New
Gross rate pa	AER	Gross rate pa	AER
0.00%	0.00%	0.00%	0.00%

Interest paid quarterly.

Private Reserve Account

	Previous			New
Balance	Gross rate pa	AER		Gross rate pa				AER
to £249,999	N/A	N/A		0.30%				0.30%
over £249,999	N/A	N/A		0.50%				0.50%

Interest paid monthly. 

90 Day Notice Account

	Previous		New
Balance	Gross rate pa	AER	Gross rate pa	AER
All credit balances	N/A	N/A	2.05%	2.07%

Interest paid monthly.

90 days' notice is required for each withdrawal. If notice is not given, an interest penalty of 90 days on the amount withdrawn, calculated at the interest rate applicable to your account on the day of withdrawal, will be applied.

Cash ISA

	Previous		New
Balance	Gross rate pa	AER	Gross rate pa	AER
All credit balances	0.75%	0.75%	0.75%	0.75%

Interest paid quarterly.

Interest is paid tax free

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 and Student Accounts for Private Clients track the Bank of England Base Rate as follows:
For balances over £5,000 to £10,000 – BoE Base -3.85%, for balances over £10,000 – BoE Base -3.15%. (Minimum 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 1 November 2010.
 

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.