Banking
Interest rates
With effect from close of business on 5 March 2009, Base Rate has been decreased from 1.0% to 0.5% per annum.
The Adam Base Rate tracks the Bank of England Base Rate.
Interest rates applicable to standard Adam sterling accounts from 6 March 2009 are as follows
|
Balances |
Previous Gross % Rate pa |
Previous AER |
New |
New | |
| CURRENT ACCOUNT: | |||||
| Credit balances: to | £5,000 |
* |
* |
||
|
to |
£10,000 |
0.00% |
0.00% |
0.00 % |
0.00 % |
|
over |
£10,000 |
0.00% |
0.00% |
0.00 % |
0.00 % |
| *No interest on first £5,000: interest on remainder at rate triggered by balance | |||||
| HIGH INTEREST CHEQUE ACCOUNT: | |||||
| Credit balances: to | £10,000 |
0.00% |
0.00% |
0.00 % |
0.00 % |
|
to |
£25,000 |
0.00% |
0.00% |
0.00 % |
0.00 % |
|
over |
£25,000 |
0.10% |
0.10% |
0.05 % |
0.05 % |
| 90 DAY NOTICE ACCOUNTS | |||||
| All credit balances |
All |
N/A |
N/A |
2.05 % |
2.07% |
| CASH ISA ACCOUNTS | |||||
|
All |
1.25% |
1.26% |
0.75 % |
0.75 % | |
| Interest is paid tax free | |||||
Gross is the interest paid before the deduction of tax. Annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and compounded each year.
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 Manager.