Solicitors' Reserve
Managing client accounts made easy
Our instant access account is available exclusively to solicitors and licensed conveyancers who maintain office accounts or client accounts.
- tiered interest rates - with higher returns on larger balances
- daily interest - calculated daily and paid quarterly to account (or another NatWest Current Account)
- online transfers - transfer funds online quickly and efficiently using Bankline
- no limit - on number of designated client accounts you can hold
- payment flexibility - cheque books, paying-in books, standing orders and direct debits available on clients' accounts
- statement frequency - statements can be produced as often as required
| Balances | Gross Rate per annum (%) | AER (%) |
|---|---|---|
| £250,000 + | 0.10 | 0.10 |
| £100,000 - £249,999 | 0.10 | 0.10 |
| £25,000 - £99,999 | 0.10 | 0.10 |
| £2,000 - £24,999 | 0.10 | 0.10 |
| £500 - £1,999 | 0.10 | 0.10 |
| £0 - £499 | 0.10 | 0.10 |
Rates with effect from: 19 March 2009.
* 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.