adam_hero_rates_and_prices

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

      Gross Rate p.a. AER
    £1 - £2,999,999 0.20% 0.20%
    £3m + 0.30% 0.30%
    • Rate effective from 1 August 2022
    • Interest is paid monthly on a tiered basis which means you earn one interest rate on your entire account balance 
    Euro Gross Rate p.a. AER
    €1 - €249,999 0.00% 0.00%
    €250,000 and over -0.55% -0.55%
    • Rate effective from 1 December 2019.
    • Interest is charged monthly on a tiered basis which means you pay one interest rate on your entire account
      Gross Rate p.a. AER
    $1+ 0.01% 0.01%
    • Rate effective from 1 May 2020.
    • Interest is paid monthly on a tiered basis which means you earn one interest rate on your entire account balance

  • Private Notice Account

    35 Day Notice Gross rate p.a. AER
    £1 - £2,999,999 0.50% 0.50%
    £3m + 0.55% 0.55%
    • Interest is paid monthly on a tiered basis which means you earn one interest rate on your entire account balance.
    • Effective date for all changes is 1 August 2022.
    • 35 days’ notice is required for each withdrawal
    60 Day Notice Gross rate p.a. AER
    £1 - £2,999,999  0.70% 0.70%
    £3m + 0.75% 0.75%
    • Interest is paid monthly on a tiered basis which means you earn one interest rate on your entire account balance.
    • Effective date for all changes is 1 August 2022.
    • 60 days’ notice is required for each withdrawal
    95 Day Notice Gross rate p.a. AER
    £1 - £2,999,999  0.85% 0.85%
    £3m + 0.95% 0.95%
    • Interest is paid monthly on a tiered basis which means you earn one interest rate on your entire account balance.
    • Effective date for all changes is 1 August 2022.
    • 90 days’ notice is required for each withdrawal

  • Cash ISA

    Balance Gross Rate p.a. AER
    £1 - £249,999 0.30% 0.30%
    £250,000 and over 0.30% 0.30%
    • Interest is paid quarterly on a tiered basis which means you earn one interest rate on your entire account balance
    • Effective date for all changes is 3 May 2022
    • Interest is paid tax free

  • Stocks and Shares ISA Capital Account

    For Adam Advised ISA, Self Select ISA and Adam Worldwide ISA
      Gross Rate p.a.
    All balances 0.01%

    Rate effective 1 May 2020

    Interest paid quarterly

  • House Mortgage Rate

    Type Rate Overall Cost For Comparison Product Fee Early Repayment Charge
    Residential 4.25% 4.25% APRC N/A No early repayment charge
    Buy-to-let 5.00% 5.00% APRC
    Residential - Offset 4.75% 4.75% APRC
    Buy To Let - Offset 5.75% 5.75% APRC
    • The House Mortgage Rate is the Adam Standard Variable Rate and is the destination for maturing Tracker/Fixed Rate 
    • For rates and pricing on our current Mortgage product range, please see our mortgage calculator.

  • Mortgage Reserve Account

    Rate Follow on Rate (Variable) Overall Cost for Comparison Maximum LTV Product Fee Early Repayment Charge
    4.25% 4.25% 4.3% APRC Up to 75% depending on property valuation 0.25% (Minimum £1,000) Annual Fee £250 No Early Repayment Charge

    An interest only mortgage of £750,000 payable over 25 years on our variable Mortgage Reserve Account rate of 4.25% would require one Initial Interest Payment Of £3,439.79 Followed By 99 Quarterly Payments (Maximum £8034.25) And One Final Payment Of £1,846.28. The total amount payable would be £1,558,801.82 made up of the loan amount plus interest (£808,801.82) and a product fee (£1,875) and an annual fee (£250) the overall cost for comparison is 4.3% APRC representative.

  • Base Rate and Borrowing Rates

      Rate
    Adam Base Rate 2.25%
    Adam Unauthorised Borrowing Rate (without prior arrangement) 8.0% + base

  • 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.
  • For rates and pricing on our current Mortgage product range, please see our mortgage calculator.

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.

  • 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
    £1+ 0.10% 0.10%
    • Rate effective from 3 May 2022
    • Interest is paid monthly on a tiered basis which means you earn one interest rate on your entire account balance
    Euro Gross Rate p.a. AER
    €1 - €249,999 0.00% 0.00%
    €250,000 and over -0.55% -0.55% 
    • Rate effective from 1 December 2019.
    • Interest is charged monthly on a tiered basis which means you pay one interest rate on your entire account balance 
    US Dollar Gross Rate p.a. AER
    $1+ 0.01% 0.01%
    • Rate effective from 1May 2020
    • Interest is paid monthly on a tiered basis which means you earn one interest rate on your entire account balance 

  • 90 Day Notice Account

      Gross Rate p.a. AER
    £1 - £999,999 0.60% 0.60%
    £1M and over 0.65% 0.65%
    • Effective date for all changes is 3 May 2022
    • Interest is paid monthly on a tiered basis which means you earn one interest rate on your entire account balance
    • 90 days' notice is required for each withdrawal

  • Base Rate

      Rate
    Adam Base Rate 3.5%

  • Unarranged Borrowing Rate

    Balances Rate p.a.
    All balances if no limit has been agreed 8.00%

  • Arranged Overdraft Rates

    Unsecured Overdraft Pricing
    Amount Margin COF Total client Rate
    		 Representative EAR Arrangement Fee*
    £0-25,000 3.5% 3.00% 6.5% 6.66%  1.5% (minimum fee £150)
    4.32%
    4.32%
    4.32%
    4.32%
    4.32%
    4.32%
    4.32%
    • Arrangement Fee is 1.5% of limit (minimum fee of £150). 
    • Please speak to your relationship manager about your borrowing needs, including for  borrowing over £25,000
    • Interest on your account is calculated daily, based on your end of day balance and rate, and charged to your account quarterly. 
    • Representative EAR (Effective Annual Rate) is used for comparison purposes and shows the annual interest rate we reasonably expect at least 51% of customers who are accepted for and enter into the overdraft agreement to get. It is calculated by using the rate of interest charged if you remained overdrawn for a year, the frequency with which interest is charged, and the effect of compound interest on your debt. The Representative EAR does not include other fees or charges. 

     

     

     

  • Non-personal

    Non Personal customers (Commercial, Business and Private Banking Non Personal customers)
    Amount Margin COF Total client Rate
    		 Representative EAR Arrangement Fee*
    £0-25,000 3.5% 3.5% 7.0% 7.19% 1.5% (minimum fee £150)
    4.32%
    4.32%
    4.32%
    4.32%
    4.32%
    4.32%
    4.32%
    • Arrangement Fee is 1.5% of limit (minimum fee of £150). 
    • Please speak to your relationship manager about your borrowing needs, including for borrowing over £25,000
    • Interest on your account is calculated daily, based on your end of day balance and rate, and charged to your account quarterly. 
    • Representative EAR (Effective Annual Rate) is used for comparison purposes and shows the annual interest rate we reasonably expect at least 51% of customers who are accepted for and enter into the overdraft agreement to get. It is calculated by using the rate of interest charged if you remained overdrawn for a year, the frequency with which interest is charged, and the effect of compound interest on your debt. The Representative EAR does not include other fees or charges.
  • 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.
Currency Currency Name You Buy With GBP You Sell For GBP
AED UAE Dirham 4.4868 4.5782
AUD Australian Dollar 1.7373 1.7728
CAD Canadian Dollar 1.6392 1.6728
CHF Swiss Franc 1.1308 1.154
DKK Danish Krone 8.3863 8.5565
EUR Euro 1.1273 1.1504
HKD Hong Kong Dollar 9.5738 9.7671
INR Indian Rupee 99.8109 101.8335
JPY Japanese Yen 159.0377 162.2781
NOK Norwegian Krone 12.2077 12.4573
NZD New Zealand Dollar 1.8944 1.9337
SEK Swedish Krona 12.7366 12.9957
SGD Singapore Dollar 1.6056 1.6386
THB Thai Baht 40.0343 40.878
USD US Dollar 1.2214 1.2465
ZAR South African Rand 21.2761 21.7207

Page Last Updated: Wed Feb 01 07:00:00 CET 2023

ILLUSTRATION

Use the 'you buy with GBP' column when you are buying foreign currency with GBP.

  • For example, if you are buying GBP 1,000 worth of Euros, it is the rate in the 'you buy with GBP' column that will apply. If this rate is '1.1154' for illustrative purposes, then you will receive EUR 1,115.40 (GBP 1,000 X 1.1154).
  • If you were making a payment from a Sterling account for a value of EUR 1,000, the amount to be debited would be GBP 896.54 (EUR 1,000/1.1154).

Use the 'you sell for GBP' column when you are selling a foreign currency for GBP.

  • If you are selling Euros to us, it is the rate in the 'you sell for GBP' column that will apply. If this rate is '1.1384' for illustrative purposes, then for EUR 1,000 you will receive GBP 878.43 (EUR 1,000/1.1384). 
  • If you were making a payment from a Euro account for a value of GBP 1,000, the amount to be debited would be EUR 1,138.40 (GBP 1,000 X 1.1384).

These are indication rates only and payments made or received on your behalf by Adam will be converted at the rates prevailing at the time. These rates do not apply to currency notes or travellers cheques.

You will see an FX margin fee when completing an international payment on online or mobile banking. This is a variable fee which is included within the exchange rates. It will not show as a separate charge on your statement.

When making transactions that involve foreign exchange in Coutts Online, the exchange rate you receive is based on the following:

Coutts Treasury Services acts as the principal price maker for client transactions.

The foreign exchange rate is determined by reference to wholesale interbank quotes sourced from Reuters/Bloomberg quoted as bid/ask.

We incorporate a spread/margin to the wholesale interbank quote, which is added to or subtracted from the exchange rate, depending on whether you are buying or selling the foreign currency. This spread is variable and is determined by a range of factors including the transaction type, size, currencies, prevailing market conditions and overall cost of undertaking the transaction.

The spread is also referred to as FX margin fee when completing an international payment on online or mobile banking. This is a variable fee which is included within the exchange rates. It will not show as a separate charge on your statement.

 

 

For any card transactions made in currencies other than sterling, the transaction will be converted to sterling by Visa or MasterCard using the exchange rate on the day the transaction is processed. To compare Visa or Mastercard’s indicative exchange rates for today against that of the European Central Bank (ECB), please select the relevant card type and currency below.

Choose card type
None
Adam Black Card Adam Gold Visa Card Adam Classic Visa Card Adam Select Card
Choose currency
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Mark Up ECB Rate Non-Sterling Transaction Fee
 Total Cost

Adam Black Card:

Money, including currency and travellers cheques, obtained from cash machines or at bank counters, will incur a Cash Fee of 2% of the amount withdrawn (subject to a minimum of £1.50).