Rates and

Prices

View the latest Adam & Company interest rates across our product range, for both Private and Commercial clients as well as the current tax rates.

  • Current Account and Student Account

    Previous New
    Gross Rate p.a AER Gross Rate p.a AER
    0.00% 0.00% 0.00% 0.00%
    • Interest paid quarterly.
    • 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%.)

  • Private Reserve Account

    Sterling Previous New
      Gross Rate p.a. AER Gross Rate p.a. AER
    £1+ 0.15% 0.15% 0.10% 0.10%
    • New rate effective from 30 August 2016.
    • Interest paid monthly.
    Euro Gross Rate p.a. AER
    €1+ 0.00% 0.00%
    • Rate effective from 30 June 2016.
    • Interest paid monthly.
    US Dollar Gross Rate p.a. AER
    $1m+ 0.10% 0.10%
    $1 - $999,999 0.00% 0.00%
    • Rate effective from 30 June 2016.
    • Interest paid monthly.

  • Private Notice Account

    35 Day Notice Gross rate p.a. AER
    £1m+ 0.30% 0.30%
    £1 - £999,999 0.25% 0.25%
    •    Interest paid monthly
    •    New rate effective from 13 June 2016
    •    35 days’ notice is required for each 
    60 Day Notice Previous New
      Gross rate p.a. AER Gross rate p.a. AER
    £25m+

    0.00%

    0.00%

    0.40%

    0.40%
    £1m - £25m

    0.50%

    0.50%

    0.40%

    0.40%
    £100,000 - £999,999

    0.40%

    0.40%

    0.35%

    0.35%
    £1 - £99,999

    0.00%

    0.00%

    0.35%

    0.35%
    •    Interest paid monthly
    •    New rate effective from 30 August 2016
    •    60 days’ notice is required for each 
    95 Day Notice Gross rate p.a. AER
    £1m+ 0.50% 0.50%
    £1 - £999,999  0.45% 0.45%
    •    Interest paid monthly
    •    New rate effective from 13 June 2016
    •    95 days’ notice is required for each 

  • Cash ISA

      Previous New
    Balance Gross Rate p.a. AER Gross Rate p.a. AER
    All credit balances 0.75% 0.75% 0.75% 0.75%
    • Interest paid quarterly.
    • Interest is paid tax free.

  • Stocks and Shares ISA Capital Account

      Previous New
    Balance Gross Rate p.a. AER Gross Rate p.a. AER
    All credit balances 0.00% 0.00% 0.25% 0.25%
    • New rate effective 1 January 2015.

  • House Mortgage Rate

    Type Rate Overall Cost For Comparison Product Fee Early Repament Charge
    Residential 3.25% 3.3% APRC N/A No early repayment charge
    Buy-to-let 4.5% 4.6% APRC
    • The House Mortgage Rate is the Adam Bank Standard Variable Rate and is the destination product for maturing Tracker/Fixed Rate facilities
    • All rates are subject to variation

  • Mortgage Reserve Account

    Rate Follow on Rate (Variable) Overall Cost for Comparison Maximum LTV Product Fee Early Repayment Charge
    3.75% 3.75% 3.9% APRC Up to 70% depending on property valuation 0.5% (Minimum £2,000) Annual Fee £250 No Early Repayment Charge

    REPRESENTATIVE EXAMPLE: 

    AN INTEREST ONLY MORTGAGE OF £500,000 PAYABLE OVER 25 YEARS  ON OUR VARIABLE MORTGAGE RESERVE ACCOUNT RATE OF 3.75%  WOULD REQUIRE 99 QUARTERLY PAYMENTS OF £4,687.50  PLUS ONE INITIAL INTEREST PAYMENT OF £976.03. THE TOTAL AMOUNT PAYABLE WOULD BE £979,058.47 MADE UP OF THE LOAN AMOUNT PLUS INTEREST (£469,058.47), A PRODUCT FEE (£2500), A VALUATION FEE (£1,250) AND AN ANNUAL FEE (£250).THE OVERALL COST FOR COMPARISON IS 3.9% APRC REPRESENTATIVE

  • Base Rate and Borrowing Rates

    Adam Base Rate 0.25%
    Adam Unauthorised Borrowing Rate (without prior arrangement) 8.25% p.a.

  • LIBOR Rates

    LIBOR linked Mortgages and Loans will reference the ICE Benchmark Administration Limited (ICE) Interest Settlement Rate (or any other administrator of that rate). For details of current and historic LIBOR rates please visit this website.

  • 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 specified by law. Interest will be paid gross.
  • All rates are subject to variation.
  • 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 Private Banker.

Adam Discretionary

Investment Management

Investment Account Interest Rates

Investment capital and income accounts may earn interest.
‘Gross’ is the rate of interest before the deduction of Income Tax at the rate specified by law.
Any interest will be paid gross.

  • Investment Capital Account

    Balance Gross Rate p.a.
    £0 - £100,000 Custodian (Adam & Company Plc) Base Rate less 0.75%
    £100,000+ Custodian (Adam & Company Plc) Base Rate less 0.25%

Investment Income Account

This account does not currently pay interest. Rates are reviewed periodically.

 

Debit interest

Interest on any overdraft arising under the portfolio management agreement will be charged at an aggregate of the Custodian Base Rate from time to time in force and 2%. Interest will be calculated on a daily basis and will be debited quarterly in arrears to an account in your name which is held at the Custodian.

Rates for accounts

no longer available

  • Loyalty Reserve Issue II

      Previous New
      Year 1 AER/Gross Rate p.a. Year 2 AER/Gross Rate p.a. Year 3 AER/Gross Rate p.a. Year 1 AER/Gross Rate p.a. Year 2 AER/Gross Rate p.a. Year 3 AER/Gross Rate p.a.
    £25m+ 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    £1m - £25m 1.50% 1.75% 2.00% 0.75% 1.00% 1.25%
    £100,000 - £999,999 1.30% 1.55% 1.80% 0.50% 0.75% 1.00%
    £1 - £99,999 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
    • New rate effective from 30 September 2013.
    • Interest paid annually.
    • The interest rates include an underlying variable rate, the Year 1 rate as shown above, plus a fixed bonus of 0.25% paid in Year 2 and 0.50% paid in Year 3 respectively. You are permitted to make one withdrawal per year (i.e. from date of anniversary of account opening). You must provide 95 days’ notice before making a withdrawal and you are only allowed to provide notice once a year.

  • Current Account

      Previous
    Balance Gross Rate p.a. AER
    Up to £25,000 0.00% 0.00%
    Over £25,000 0.10% 0.10%
      New
    Balance Gross Rate p.a. AER
    £1+ 0.00% 0.00%
    • New Rate effective from 31 October 2013.
    • Interest paid quarterly.
    • 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%.

  • Business Reserve Account

    Sterling Gross Rate p.a. AER
    Up to £999,999 0.10% 0.10%
    Over £1M 0.15% 0.15%
    • New rate effective from 30 August 2013.
    • Interest paid monthly.
    Euro Gross Rate p.a. AER
    €1+ 0.00% 0.00%
    • Rate effective from 30 June 2016.
    • Interest paid monthly.
    Balance Gross Rate p.a. AER
    Up to $999,999 0.00% 0.00%
    Over $1M 0.10% 0.10%
    • Rate effective from 30 June 2016.
    • Interest paid monthly.

  • 90 Day Notice Account

      Previous New
      Gross Rate p.a. AER Gross Rate p.a. AER
    £1m+ 0.60% 0.60% 0.45% 0.45%
    £1 - £999,999 0.60% 0.60% 0.40% 0.40%
    • New rate effective from 16 April 2016.
    • Interest paid monthly.
    • 90 days' notice is required for each withdrawal.

  • Base Rate

    Adam Base Rate 0.25%

  • Unarranged Borrowing Rate

    Balances Rate p.a.
    All balances if no limit has been agreed 8.50%
  • 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 specified by law. Interest will be paid gross.
  • 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 Private Banker.

  • Income Tax

    Income Tax Rates 2016-17 2015-16
    0% starting rate for savings * £5,000 £5,000
    20% on income up to £32,000 £31,785
    40% on income over £32,000 £31,785
    45% on income over £150,000 £150,000
    Dividends for basic rate taxpayers 7.5% 10%**
    Dividends for higher rate taxpayers up to £150,000 32.5% 32.5%**
    Dividends for those with income over £150,000 38.1% 37.5%**
    Trusts within relevant property regime *** 45% 45%

    *  Restricted to savings income and not available if non-savings income exceeds starting rate limit.
    ** In general a notional 10% tax credit will be available.
    *** A standard rate band of £1,000 applies, below this level income will be taxed at no more than 20%. Dividends are subject to different rates.

    Main Income Tax Reliefs 2016-17 2015-16
    Personal allowance (for income up to £100,000) * £11,000 £10,600
    Personal savings allowance - basic rate taxpayers £1,000 -
    Personal savings allowance - higher rate taxpayers £500 -
    Dividend allowance £5,000 -
    Personal allowance (born before 6/4/1938) ** £11,000 £10,660**
    Married couple's / civil partner's allowance (born before 6/4/1935) *** £8,355 £8,355
    Transferable marriage allowance (married couples and civil partners) **** £1,100 £1,060
    Income limit for age-related allowances £27,700 £27,700
    Blind person's allowance £2,290 £2,290
    Enterprise Investment Scheme at 30% ***** £1,000,000 £1,000,000
    Seed Enterprise Investment Scheme at 50% ***** £100,000 £100,000
    Venture Capital Trust at 30% ***** £200,000 £200,000
    Social Investment Tax Relief at 30% ***** £1,000,000 £1,000,000
    Rent-a-room tax-free income £7,500 £4,250

    *    The allowance is reduced by £1 for every £2 income above £100,000 irrespective of age.
    **   The allowance is reduced by £1 for every £2 income above the limit for 2015-16 subject to a minimum allowance of £10,600 unless income exceeds £100,000.
    ***  The allowance may be reduced subject to income levels (minimum allowance £3,220). Relief is given at 10%.
    **** Available to spouses/civil partners who have unused personal allowance and are born after 5 April 1935. Relief is given at 20% to basic rate taxpayers only.
    ***** Capital Gains Tax reliefs may also be available

  • VAT and Stamp Duty Land Tax

    VAT From 01/04/2016 From 01/04/2015
    Standard Rate 20% 20%
    Registration Level £83,000 £82,000
    De-registration limit £81,000 £80,000
    On documents transferring residential property  
    Consideration paid for residential property: Standard Rate New Additional Property Rate**
    Value up to £125,000 0% 3%
    £125,001 - £250,000 2% 5%
    £250,001 - £925,000 5% 8%
    £925,001 - £1,500,000 10% 13%
    £1,500,000+ 12% 15%

    Not applicable to property in Scotland from 1 April 2015. Land and Buildings Transaction Tax applies to Scottish property from that date.

    **The new rates apply to additional residential properties (such as second homes and buy to let properties) purchased in England, Wales and Northern Ireland.  Applies to contracts exchanged on or after 26 November 2015 where completion takes place on or after 1 April 2016.

    ***The rates apply to consideration falling within each band.

  • Company Car Benefits

    The taxable benefit is a percentage of the full list price less any capital contribution made by the employee. The 2016-17 percentage is based on the CO2 emissions of the car.

    Emissions Petrol
    0 - 50g/km 7%
    51 - 75g/km 11%
    76 - 94g/km 15%
    95g/km and over add 1% for every 5g/km
    Maximum 37%

    Different rates apply to cars registered before 1 January 1998.

    Fuel benefit scale charge applies where employer provides private fuel (£22,200 multiplied by car benefit percentage).

  • Pensions

    Pension Savings 2016-17 2015-16
    Lifetime Allowance £1,000,000 £1,250,000
    Annual Allowance */** £40,000 £40,000**
    Income limit*** £150,000 -

    *  Income tax relief available on higher of £3,600 or relevant earnings, subject to annual allowance limit. Potential to bring forward unused relief from the previous three years, subject to certain limits.
    ** Reduced to £10,000 where an individual has flexibly accessed their pension savings.
    *** Annual allowance reduced by £1 for every £2 of income in excess of the income limit, subject to a minimum allowance of £10,000.

    Basic State Pension 2016-17 2015-16
    Single person per year £6,203.60 £6,029.40
    Spouse/civil partner addition per year £3,718.00 £3,614.00
    Married couple/civil patnership total per year £9,921.60 £9,643.40

  • Capital Gains Tax

    Capital Gains Tax Rates 2016-17 2015-16
    Individuals/Trusts main rate * 20% 28%
    Chargeable gains on residential property/carried interest** 28% 28%
    Gains subject to Entrepreneurs Relief 10% 10%

    * 10% for basic rate individuals
    ** 18% for basic rate individuals

    Annual Exemptions 2016-17 2015-16
    Individuals and personal representatives £11,100 £11,000
    Trusts generally £5,550 £5,500
    Chattels exemption £6,000 £6,000
    Entrepreneurs' Relief lifetime limit of gains £10,000,000 £10,000,000

  • ISAs

      2016-17 2015-16
    Maximum overall subscription £15,240 £15,240
    Junior ISA £4,080 £4,080

    From 2015-16 an additional ISA investment is allowable where a spouse or civil partner dies on or after 3 December 2014. The allowance is set at the value within the deceased person's ISA at the date of their death.

  • Inheritance Tax and Business Property relief

    Inheritance Tax Rates 2016-17 2015-16
    Free of tax up to * £325,000 £325,000
    Tax on excess ** 40% 40%
    Transfers to certain trusts 20% 20%
    Overseas domiciled spouse exemption *** £325,000 £325,000
    Annual gifts exemption £3,000 £3,000
    Gifts to charities Exempt Exempt
    Small gifts to same person £250 £250
    Marriage/Civil partnership gifts by:
    Parent £5,000 £5,000
    Grandparent/party to marriage/civil partnership £2,500 £2,500
    Other person £1,000 £1,000

    *  Frozen at this level until April 2018.
    ** A reduced rate of 36% applies where 10% or more of a net chargeable estate is left to charity.
    *** Alternatively can elect to be treated as UK domiciled for IHT purposes.

    Reduced tax charge on gifts made within seven years before death
    Years before death 0-3 3-4 4-5 5-6 6-7
    % of inheritance tax payable 100% 80% 60% 40% 20%
    Business Property Relief 2016-17 2015-16
    A business or interest in a business (including a partnership share) 100% 100%
    Transfers of unquoted shareholdings (including AIM shares) 100% 100%
    Transfers out of a controlling shareholding in quoted companies, land or buildings, machinery or plant used in qualifying company or partnership 50% 50%

  • Corporation Tax and Capital Allowances

    Corporation Tax Rates From 1 April 2016 From 1 April 2015
    Corporation tax * 20% 20%

    * to reduce to 19% from 1 April 2017

    Corporation tax payments

    Small companies: tax due 9 months and 1 day after end of accounting period.

    Large companies: tax due in quarterly installments from 6 months and 13 days after start of accounting period.

    Capital Allowances   2016-17 2015-16
    Plant and Machinery      
    Annual Investment Allowance: Rate 100% 100%
      Limit £200,000
    		 £500,000*
    Writing down allowance:
    General pool   18% 18%
    Special rate pool   8% 8%
    Energy saving and water efficient equipment   100% 100%
    Motor cars:
    CO2 emissions up to 75g/km **   100% 100%
    CO2 emissions 76g/km to 130g/km   18% 18%
    CO2 emissions above 130g/km   8% 8%

    *£500,000 until 31 December 2015. Limit from 1 January 2016 to be announced.
    ** New cars only

  • National Insurance Contributions

    Class 1 - Employment 2016-17 2015-16
    Lower Earnings Limit (LEL) weekly £112 £112
    Upper Earnings Limit (UEL) weekly £827 £815
    Primary Threshold (PT) weekly £155 £155
    Secondary Threshold (ST) weekly £156 £156
    Employee contributions:
    - on earnings between PT and UEL 12% 12%
    - on earnings above UEL 2% 2%
    Employee contracted-out rebate:
    - salary related 1.4% 1.4%
    Married women's reduced rate (subject to valid election):
    - on earnings between PT and UEL 5.85% 5.85%
    - on earnings above UEL 2% 2%
    Employer contributions:
    - on earnings above ST 13.8%* 13.8%
    - on employer provided benefits 13.8% 13.8%
    Employer contracted-out rebate:
    - salary related 3.4% 3.4%
    Employment allowance (per employee) £3,000 £2,000
    Apprentice upper seconday threshold (under 25) £827  

    * 0% from 6 April 2015 in respect of employees aged under 21 on weekly earnings up to UEL.

    Class 2 - Self Employment 2016-17 2015-16
    Weekly rate £2.80 £2.80
    Small Profits Threshold (was Small Earnings Exception Limit) £5,965 £5,965
    Class 3 - Voluntary 2016-17 2015-16
    Weekly rate £14.10 £14.10
    Class 4 - Self Employment 2016-17 2015-16
    Lower Profits Limit (LPL) annual £8,060 £8,060
    Upper Profits Limit (UPL) annual £43,000 £42,385
    Contributions:
    - on earnings between LPL and UPL 9% 9%
    - on earnings above UPL 2% 2%

  • Child Benefit

    Child Benefit 2016-17 2015-16
    First child - per year £1,076.40 £1,076.40
    Further children - per child per year £712.40 £712.40
    Income limit * £50,000 £50,000

    * Benefit withdrawn at rate of 1% of Child Benefit per £100 of income exceeding the income limit.

Currency We sell to you at We buy from you at
AED UAE Dirham 5.5369 5.6503
AUD Australian Dollar 2.1126 2.1562
CAD Canadian Dollar 2.0059 2.0471
CHF Swiss Franc 1.5268 1.5579
DKK Danish Krone 10.5368 10.7512
EUR Euro 1.4122 1.4409
HKD Hong Kong Dollar 11.6856 11.9219
INR Indian Rupee 99.4381 101.4776
JPY Japanese Yen 185.8308 189.631
NOK Norwegian Krone 13.0493 13.3262
NZD New Zealand Dollar 2.3253 2.3742
SEK Swedish Krona 13.1723 13.4431
SGD Singapore Dollar 2.1436 2.1875
THB Thai Baht 54.1887 55.3142
USD US Dollar 1.5075 1.5385
ZAR South African Rand 21.441 21.8819

Page Last Updated: 20/11/2015

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