Private rates
Rates of interest are subject to change but are correct
as at 27th February 2012
| Bank of England Base Rate | Current % p.a. |
Previous % p.a. |
|---|---|---|
| Changed on 5th March 2009, Effective from 6th March 2009 |
0.50
|
1.00
|
Our Private Banking services are usually available to clients with an individual gross salary of £75,000 or more, joint gross income of £100,000 or assets available to invest of £100,000. The account holder's salary must be paid into the account. A monthly membership fee is payable for access to our Private Banking proposition.
These criteria may vary and are subject to discussion with your Private Partner.
For further details, please contact one of our Private Partners at your nearest Yorkshire Bank Financial Solutions Centre.
Credit Terms
| Credit Interest Rates | Previous Gross * Rate % |
Current Gross * Rate % |
Current Net ** Rate % |
Current AER++ % | ||
|---|---|---|---|---|---|---|
| Current Account Tracker | ||||||
| On all balances ‡ |
0.50
|
0.20
|
0.16
|
0.20
|
||
| Rapid Repay/Flexible Repay | ||||||
| On all balances ‡‡ |
0.50
|
0.00
|
0.00
|
0.00
|
||
| Savings Account Tracker ‡‡‡ | ||||||
| £0 - £499,999 |
1.25
|
0.75
|
0.60
|
0.75
|
||
| £500,000 - £999,999 |
1.50
|
1.00
|
0.80
|
1.00
|
||
| £1,000,000 and over |
1.75
|
1.25
|
1.00
|
1.26
|
||
| 40 Day Notice Account | ||||||
| £1,000,000 and over |
1.35
|
0.85
|
0.68
|
0.85
|
||
| £100,000 - £999,999 |
1.10
|
0.60
|
0.48
|
0.60
|
||
| £0 - £99,999 |
0.75
|
0.25
|
0.20
|
0.25
|
||
| Personal Savings Products | Previous Tax Free Rate++ (%p.a) |
Previous AER%+ |
Current Tax Free Rate++ (%p.a) |
Current AER%+ |
|
|---|---|---|---|---|---|
| Cash ISA - Instant Access | |||||
| £24,000 and over |
2.00
|
2.00
|
1.60
|
1.60
|
|
| £15,000 - £23,999 |
1.75
|
1.75
|
1.40
|
1.40
|
|
| £12,000 - £14,999 |
1.55
|
1.55
|
1.25
|
1.25
|
|
| £9,000 - £11,999 |
1.35
|
1.35
|
1.00
|
1.00
|
|
| £6,000 - £8,999 |
1.15
|
1.15
|
0.75
|
0.75
|
|
| £3,000 - £5,999 |
0.95
|
0.95
|
0.50
|
0.50
|
|
| £1,000 - £2,999 |
0.75
|
0.75
|
0.40
|
0.40
|
|
| £1 - £999 |
0.75
|
0.75
|
0.40
|
0.40
|
|
| Cash ISA - 40 Day Notice | |||||
| £24,000 and over |
-
|
-
|
2.50
|
2.50
|
|
| £9,000 - £23,999 | 1.90 | 1.90 |
2.00
|
2.00
|
|
| £1 - £8,999 | 1.40 | 1.40 |
1.50
|
1.50
|
|
Private Term Deposit
View our exclusive term deposit rates
‡ The gross rate of interest payable is 1.0% below the Bank of England base rate and will change within 14 days of the Bank of England base rate change. The minimum gross rate of interest payable on this account is 0.2%
‡‡ The gross rate of interest payable is 1.0% below the Bank of England base rate and will change within 14 days of the Bank of England base rate change.
‡‡‡ The gross rate of interest payable is linked to the Bank of England base rate as detailed below. However, at this time of historically low rates, we are currently paying higher rates of gross interest across all tiers. This is subject to change at any time.
-
0.25% below Bank of England base rate for balances £0 - £499,999
-
equal to Bank of England base rate for balances £500,000 - £999,999
-
0.25% above Bank of England base rate for balances £1,000,000 and over
Any change to interest rates will be applied within 14 days of the Bank of England base rate change.
Overdraft Terms
| Debit Interest Rates | Previous % p.a. |
Previous EAR+% |
Current % p.a. |
Current EAR+% |
|---|---|---|---|---|
| Current Account Tracker | ||||
| Planned Borrowing Rate | ||||
| Up to £15,000 (10% over Base Rate) † |
6.50
|
6.70
|
10.50
|
11.02
|
| £15,000 and above | Contact your Private Partner | |||
| Unplanned Borrowing Rate (16% over Base Rate) † |
10.50
|
11.02
|
16.50
|
17.81
|
† These interest rates will change within 14 days of the Bank of England base rate change.
Private Mortgages
View our exclusive Private Mortgage Rates
Offsale Accounts
| Credit Interest Rates | Previous Gross* Rate % | Current Gross* Rate % | Current Net** Rate % | Current AER++ % |
|---|---|---|---|---|
| Savings Account Plus | ||||
| On all balances |
0.50
|
0.10
|
0.08
|
0.10
|
| Rapid/Flexible Repay | ||||
| On all balances |
0.50
|
0.00
|
0.00
|
0.00
|
| Previous Tax Free Rate++ (%p.a) | Previous AER%+ | Current Tax Free Rate++ (%p.a) | Current AER%+ | |
| Cash ISA Fixed Rate Bond | ||||
| Issue 3 (Maturity date 31st March 2015) | n/a | n/a | 5.00 | 5.00 |
| Issue 4 (Maturity date 31st May 2013) | n/a | n/a | 3.90 | 3.90 |
| Issue 6 (Maturity date 30th November 2015) | n/a | n/a | 4.25 | 4.25 |
| Issue 7 (Maturity date 31st August 2012) | n/a | n/a | 3.00 | 3.00 |
| Issue 8 (Maturity date 30th April 2012) | n/a | n/a | 3.00 | 3.00 |
| Issue 9 (Maturity date 29th April 2016) | n/a | n/a | 4.25 | 4.25 |
| Issue 10 (Maturity date 31st August 2012) | n/a | n/a | 3.25 | 3.25 |
| Issue 11 (Maturity date 29th April 2016) | n/a | n/a | 4.50 | 4.50 |
| Issue 12 (Maturity date 28th September 2012) | n/a | n/a | 3.30 | 3.30 |
| Issue 13 (Maturity date 31st October 2013) | n/a | n/a | 4.00 | 4.00 |
| Issue 14 (Maturity date 29th January 2016) | n/a | n/a | 4.40 | 4.40 |
| Issue 15 (Maturity date 30th May 2014) | n/a | n/a | 3.60 | 3.60 |
| Issue 16 (Maturity date 31st May 2017) | n/a | n/a | 4.25 | 4.25 |
| Issue 17 (Maturity date 30th April 2013) | n/a | n/a | 3.20 | 3.20 |
| Private Issue 1 (Maturity date 30th April 2013) | n/a | n/a | 3.50 | 3.50 |
Definitions
+EAR (Effective Annual Rate) - the effective annual rate is used to express the cost of borrowing on current accounts. The EAR takes account of the rate of interest charged, the frequency it is levied to accounts and compounding of interest. It does not include overdraft fees.
++AER. The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.
*Gross Rate. Gross interest is interest payable without taking account of the deduction of income tax. For most customers tax will be deducted at the basic rate prevailing at the time of payment (currently 20%).
**Net Rate The net rate is the gross rate less tax at the basic rate (currently 20%). Tax at this rate will be deducted from accounts subject to tax at the time interest is paid. Non-taxpayers may register for payment of interest gross. Tax paid may be reclaimed, where appropriate, from the HM Revenue and Customs.
We are covered by the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and circumstances of the claim.
Further details of the scheme are available from us on request or from the Financial Services Compensation Scheme www.fscs.org.uk or in writing from the Financial Services Compensation Scheme, 7th Floor , Lloyds Chambers, 1 Portsoken Street, London E1 8BN.
Clydesdale Bank and Yorkshire Bank are trading names of Clydesdale Bank PLC. As both banks are part of the one and same authorised entity the FSCS compensation limit applies to deposits held across both brands.
