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Barclays Business current interest rates

The interest rates are subject to variation and are correct from April 2015. Bank of England Base Rate is 0.25%, which was effective from 4 August 2016. Read more about the currency reference rates for accounts held in a foreign currency.

The following interest rates are available to Barclays Business customers. Read details of the  Business Customer Agreement and full terms and conditions  relating to each account.

Interest is calculated daily on a 365 day year for accounts in sterling and some currencies and a 360 day year for accounts in US dollars, euro and other currencies. Details are available from us on request.

Deposit products available to Barclays Business Customers

Business Premium Account

A deposit account with easy, same-day access available by transferring funds to your Business Current Account. Interest paid quarterly. No minimum balance, maximum balance £50 million (£2 million for financial institutions).

  Current rate  
Balance *Gross rate % AER %
£1 million+ 0.05 0.05
£1+ 0.00 0.00

 

Clients' Premium Account

An interest-bearing client account for businesses or bodies who hold clients’ funds with no charges for cheques or credits. Interest paid quarterly.


  Current rate  
Balance *Gross rate % AER %
£1 million+ 0.05 0.05
£1+ 0.00 0.00

 

Barclays Treasury Deposits

Rates and minimum balance requirements available on request. At maturity for fixed deposits or on repayment for Call and Notice deposits, funds can be repaid to your Barclays current or deposit account.

Euro Business Premium Account

An easy access deposit account, denominated in euros. Interest paid quarterly.

Balance *Gross rate % AER %
EUR 0 – 99,999.99 0.000 0.000
EUR 100,000+ 0.000 0.000

 

US Dollar Business Premium Account

An interest-earning account, with easy access, denominated in US dollars. Interest paid quarterly.

Balance Gross rate % AER %
USD 1+ 0.600 0.601

 

Currency Call Deposit Account

An interest-earning account which provides ready access to funds and is available in a wide range of foreign currencies. Interest paid quarterly.

*The balance shown is the minimum balance required to achieve credit interest

Currency type Balance* *Gross rate% AER %
Australian dollar (AUD) 4,000+ 0.250 0.250
Mexican peso (MXN) 10,000+ 0.625 0.626
New Turkish lira (TRY) 4,000+ 1.000 1.004
New Zealand dollar (NZD) 5,000+ 0.125 0.125
South African rand (ZAR) 11,000+ 2.750 2.778
US dollar (USD)** 3,000+ 0.400 0.401

 

Credit interest is not currently payable on the following currency types.

Botswana pula (BWP) Canadian dollar (CAD) Czeck koruna (CZK)
Danish kroner (DKK) Euro (EUR) Hong Kong dollar (HKD)
Hungarian forint (HUF) Icelandic krona (ISK)** Israeli shekel (ILS)
Japanese yen (JPY) Kenyan shilling (KES) Kuwait dinar (KWD)
Lesotho loti (LSL) Mauritius rupee (MUR) Nigerian naira (NGN)**
Norwegian krone (NOK) Omani rial (OMR) Polish zloty (PLN)
Qatar rial (QAR) Saudi Arabian rial (SAR) Singapore dollar (SGD)
Swedish krona (SEK) Swiss franc (CHF) Thai baht (THB)
Tunisian dollar (TND) Uganda shilling (UGX) U.A.E. dirham (AED)
Zambian kwacha (ZMW)    

 

** Accounts are not currently available for new enquiries

 

Deposit products no longer available to Barclays Business Customers

Active Saver

A straightforward deposit account that offers instant unlimited access to funds. Interest paid annually. No minimum balance. Maximum balance £5 million (£2 million for financial institutions).

  Current Rate  
Balance *Gross rate % AER %
£0.01+ 0.19 0.19

 

Rate Reward

A straightforward deposit account that pays interest in any month that no withdrawals are made from the account. If a withdrawal is made, the withdrawal rate of 0% will apply for that calendar month only. Interest paid monthly. No minimum balance. Maximum balance £5 million (£2 million for financial institutions).
 
In any month where no withdrawal is made from the account, the following top rate of interest will apply:
 
  Current Rate  
Balance *Gross rate % AER %
£0.01+ 0.25 0.25

 

In any month where a withdrawal is made from the account, the following withdrawal rate of interest will apply:

Balance *Gross rate % AER %
£0.01+ 0.00 0.00

 

Business Saver

An easy access no-notice deposit account for business customers (including clubs, charities, churches and societies). Interest paid quarterly. No minimum balance. Maximum balance £5 million (£2 million for financial institutions).

  Current Rate  
Balance *Gross rate % AER %
£1 million+ 0.05 0.05
£1+ 0.00 0.00

 

Client Saver

For businesses or bodies who hold clients' funds eg solicitors. A deposit account with no charges for cheques or credits. Interest paid quarterly. No minimum balance required.

    Current Rate  
Balance Tracker Rule 1
% below
Base Rate
*Gross rate % 2 AER %
£1 million+ 1 0.05 0.05
£250,000+ 1.5 0.00 0.00
£100,000+ 1.75 0.00 0.00
£25,000+ 2 0.00 0.00
£10,000+ 2.5 0.00 0.00
£1+ 3 0.00 0.00

 

Base Rate Tracker (effective 6 March 2009)

An interest-bearing deposit account, which combines easy, no-notice access to your money with an interest rate that tracks the Bank of England Base Rate (subject to a minimum rate) 1. 12 free withdrawals a year, additional withdrawals are charged at £2.50 per £1,000. Interest paid quarterly. Minimum balance £5,000 and maximum balance £5 million (£2 million for financial institutions).

    Current Rate  
Balance Tracker Rule 1
% below
Base Rate
*Gross rate % 2 AER %
£1 million+ 1 0.05 0.05
£500,000+ 1.4 0.00 0.00
£100,000+ 1.65 0.00 0.00
£25,000+ 2 0.00 0.00
£5,000+ 2.5 0.00 0.00

 

Sterling Business Tracker

An unrestricted, no-notice business deposit account that combines easy access to your money with an interest rate that tracks the Bank of England Base Rate (subject to a minimum rate) 2. No minimum balance, maximum balance £50 million. Interest paid monthly.

    Current Rate    
Balance Tracker Rule 1
% below
Base Rate
*Gross rate % 2 AER %    
£25 million+ 0.5 0.05 0.05    
£10 million+ 0.75 0.05 0.05    
£5 million+ 1 0.05 0.05    
£2.5 million+ 1.25 0.05 0.05    
£1 million+ 1.5 0.05 0.05    
£500,000+ 1.75 0.00 0.00    
£250,000+ 2 0.00 0.00    
£100,000+ 2.25 0.00 0.00    
£1+ 2.5 0.00 0.00    

 

Cash Reserve Account

A deposit account with easy, same-day access available by transferring funds to your Business Current Account. Interest paid quarterly. No minimum balance, maximum balance £50 million (£2 million for financial institutions).

  Current Rate    
Balance *Gross rate % AER %    
£1 million+ 0.05 0.05    
£1+ 0.00 0.00    

 

Clients' Reserve Account

An interest-bearing client account for businesses or bodies who hold clients’ funds with no charges for cheques or credits. Interest paid quarterly.

  Current Rate    
Balance *Gross rate % AER %    
£1 million+ 0.05 0.05    
£1+ 0.00 0.00    

 

Currency Clients Premium Account

A convenient interest-bearing account that simplifies the administration of your clients’ funds. Interest paid quarterly.

Currency Type Balance * Gross rate% AER%
Australian dollar (AUD) 1+ 0.250 0.250
Mexican peso (MXN) 1+ 0.625 0.626
New Zealand dollar (NZD) 1+ 0.125 0.125
US dollar (USD) 1+ 0.500 0.501
South African Rand (ZAR) 1+ 2.750 2.778

 

 

Credit interest is not currently payable on the following currency types

Canadian dollar (CAD) Danish kroner (DKK) Euro (EUR)
Hong Kong dollar (HKD) Israeli shekel (ILS) Japanese yen (JPY)
Norwegian krone (NOK) Singapore dollar (SGD) Swedish krona (SEK)
Swiss franc (CHF) U.A.E. dirham (AED) New Turkish Lira (TRY)

 

Business Tracker Account (non-sterling)

A convenient business savings account that combines easy, no-notice access to your money with an interest rate that tracks an appropriate reference rate for the currency of denomination. Interest paid quarterly.

Currency Type Balance * Gross rate% AER%
Australian dollar (AUD) 1+ 0.000 0.000
  300,000+ 0.150 0.150
  600,000+ 0.250 0.250
  1,100,000+ 0.750 0.752
  2,200,000+ 1.000 1.004
New Zealand dollar (NZD) 1+ 0.250 0.250
  300,000+ 0.400 0.401
  700,000+ 0.500 0.501
  1,300,000+ 1.000 1.004
  2,500,000+ 1.250 1.256
US dollar (USD) 1+ 0.750 0.752
  2,000,000+ 0.850 0.853
South African rand (ZAR) 1+ 5.500 5.614
  1,500,000+ 5.650 5.771
  4,000,000+ 5.750 5.875
  7,500,000+ 6.250 6.398
  15,000,000+ 6.500 6.660
       

 

No interest is paid on the following currency types

Canadian dollar (CAD) Danish kroner (DKK) Euro (EUR)
Norwegian kroner (NOK) Swedish krona (SEK) Swiss franc (CHF)

 

Barclays Business Deposit Accounts: unauthorised-overdraft rate

If your deposit account goes overdrawn you will be charged at the unauthorised-overdraft rate. This is currently 15% above the Bank of England base rate for sterling accounts, or relevant reference rate for each currency. Interest will be calculated on your account on a daily basis and you'll be debited quarterly. The quarterly charging dates are available on request.

We advise changes to interest rates on these accounts in accordance with the provisions of the Business Customer Agreement. 

Read more about our current currency reference rates.
www.barclayscorporate.com/importantinformation

Interest rates for Business current accounts no longer available

Barclays Business Current Account With Credit Interest

A business current account to meet all of your day to day banking requirements. Business customers (maximum annual sales revenue £25 million) can choose to earn credit interest on their business current account while paying standard Business Tariff.

Where credit interest is paid it will be paid monthly in arrears on all cleared balances at a rate equal to 2.5% below the Bank of England Base Rate (‘Base Rate’). As Base Rate is below 2.5% at present the account currently pays a minimum rate of 0.1% gross/AER credit interest, which is higher than the interest rate payable under the features of the account. However, we reserve the right to change the current 0.1% minimum interest rate at any time and as at 5 December 2016 this will change to 0.05%.

  Current Rate  
Balance * Gross rate % AER %
£0.01+ 0.05 0.05

 

Barclays Business Current Account: unauthorised-overdraft rate

If your Business Current Account goes overdrawn (where there isn’t an agreed overdraft on the account or in excess of an agreed overdraft), you will be charged unauthorised-overdraft interest at a rate of 29.5% per annum. Interest will be calculated on an unauthorised overdraft on a daily basis and you’ll be pre-notified at least 14 days before the interest charges are applied to your account in line with your charging period.

Important information
 
1. Describes the difference between the Bank of England Base Rate and the interest rate you will earn.
2. Due to the current Bank of England Base Rate set at 0.25%, a minimum interest rate has been applied to the account.
* Gross : this is the rate of interest payable without the deduction of income tax
 
In accordance with UK tax legislation, from 6 April 2016 interest is paid gross. For UK resident individuals (including sole traders or partnerships), if you are a UK taxpayer you may have to pay tax on interest earned in excess of your Personal Savings Allowance. For information and guidance please refer to HMRC’s website .
 
The management of your tax affairs is your responsibility, including making any required declarations to the relevant tax authority(ies), where you are tax resident.
 
Barclays Bank PLC. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 122702). Barclays Bank PLC subscribes to the Lending Code which is monitored and enforced by the Lending Standards Board. Further details can be found at www.lendingstandardsboard.org.uk. Barclays Insurance Services Company Limited is authorised and regulated by the Financial Conduct Authority (Financial Services Register number: 312078).
 
Barclays Bank PLC. Registered in England. Registered no. 1026167. Barclays Insurance Services Company Limited. Registered in England. Registered no. 973765. Registered office for both: 1 Churchill Place, London E14 5HP. ‘The Woolwich’ and ‘Woolwich’ are trademarks and trading names of Barclays Bank PLC. Barclays Business is a trading name of Barclays Bank PLC.