Premier Cash Reserve
This account is no longer available to new customers.
Current interest rates
| Balance | Gross pa% below Bank of England Bank Rate | Gross rate pa% | Net rate pa% | AER% |
|---|---|---|---|---|
| £250,000+ | 1.05 | 0.10 | 0.08 | 0.10 |
| £100,000+ | 1.30 | 0.10 | 0.08 | 0.10 |
| £50,000+ | 1.35 | 0.10 | 0.08 | 0.10 |
| £25,000+ | 1.60 | 0.10 | 0.08 | 0.10 |
| £10,000+ | 1.95 | 0.10 | 0.08 | 0.10 |
Terms:Rates are variable. Interest is paid quarterly on the first working day of January, April, July and October.
Premier Cash Reserve Accounts, with a balance of £10,000 or more, receive interest rates that track below Bank of England Bank Rate by a guaranteed percentage rate, see above. Bank of England Bank Rate is variable.
Since Bank of England Bank Rate is 0.50% (correct at 5 February 2009), you will currently be receiving no interest under the account terms and conditions. However, we have decided for the time being to pay credit interest at the rate of 0.10% gross / AER which is higher than the 'linked' interest rates payable under the account terms and conditions as set out above. We reserve the right to change the current 0.10% interest payable and/or to apply the strict terms of the account at any time. In the event that Bank of England Bank Rate increases to the extent that credit interest is due and payable under the account terms (or payable at a higher rate then any concessionary rate being paid at that time), the 'linked' interest rates will apply from that time.
Previous interest rates
| Balance | Gross pa% below Bank of England Bank Rate | Gross rate pa% | Net rate pa% | AER% |
|---|---|---|---|---|
| £250,000+ | 1.05 | 0.45 | 0.36 | 0.45 |
| £100,000+ | 1.30 | 0.20 | 0.16 | 0.20 |
| £50,000+ | 1.35 | 0.15 | 0.12 | 0.15 |
| £25,000+ | 1.60 | 0.10 | 0.08 | 0.10 |
| £10,000+ | 1.95 | 0.10 | 0.08 | 0.10 |
Terms:Rates are variable. Interest is paid quarterly on the first working day of January, April, July and October.
Premier Cash Reserve Accounts, with a balance of £10,000 or more, receive interest rates that track below Bank of England Bank Rate by a guaranteed percentage rate, see above. Bank of England Bank Rate is variable.
Since Bank of England Bank Rate is 0.50% (correct at 5 February 2009), you will currently be receiving no interest under the account terms and conditions. However, we have decided for the time being to pay credit interest at the rate of 0.10% gross / AER which is higher than the 'linked' interest rates payable under the account terms and conditions as set out above. We reserve the right to change the current 0.10% interest payable and/or to apply the strict terms of the account at any time. In the event that Bank of England Bank Rate increases to the extent that credit interest is due and payable under the account terms (or payable at a higher rate then any concessionary rate being paid at that time), the 'linked' interest rates will apply from that time.