Corporate Money Market Account
Penalty free instant access account for larger balances, offering higher returns than other instant access options.
Key features and benefits:
- Interest rates reviewed weekly against a basket of short term rates, including money market rates, bank base rates and other instant access accounts
- Tiered interest rates with higher returns on larger balances
- Transfer money electronically using Bankline
- No charges
- No minimum; maximum balance £5,000,000
- Interest calculated daily and paid quarterly to your account (or NatWest Business Current Account)
- You don't have to be an existing customer to open a Corporate Money Market Account
Rates with effect from: 12 December 2008.
| Balances | Gross Rate per annum (%) | AER* (%) |
|---|---|---|
| £2,000,00 - £5,000,000 | 1.25 | 1.26 |
| £1,000,000 - £1,999,999 | 0.92 | 0.92 |
| £500,000 - £999,999 | 0.65 | 0.65 |
| £250,000 - £499,999 | 0.41 | 0.41 |
| £100,000 - £249,999 | 0.30 | 0.30 |
| £25,000 - £99,999 | 0.20 | 0.20 |
| £0 - £24,999 | 0.20 | 0.20 |
* AER - Annual Equivalent Rate is the effective gross interest rate on the original sum invested, taking account of the additional interest you will earn after quarterly interest payments have been credited to your account. 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.
Find out more
If you are a NatWest corporate customer, contact your Relationship Manager.
If your turnover is more than £1m and you are not a NatWest corporate customer, contact your nearest Corporate Banking Centre - find your nearest Commercial Banking Centre.
If your turnover is less than £1m, contact your local branch - visit your nearest branch.
