SME Current Account
Your daily business banking account
Our SME Current Account has been designed specifically for small and medium sized enterprises.
Interest
The account pays a flat rate of interest at 2.5% below Bank of England base rate. It currently pays 0.0% p.a. (0.0% AER) on cleared credit balances, and is subject to a standard tariff.
Tariff
It is not our general policy to pay legal and valuation charges.
Comparative information can be accessed on the British Bankers’ Association website.
Gross is the interest rate paid before the deduction of tax.
Annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and compounded each year.
Interest rates are correct at the date of publishing on the Internet, but are subject to variation at any time.
Interest is paid subject to United Kingdom law and regulations governing deduction of income tax from interest earned.
Interest is paid subject to the required registration form having been provided to the Bank.