Current interest rates

Rates and charges for Barclays Business accounts

Interest rates may change. They’re correct from April 2015. The Bank of England Base Rate is 0.25%, which took effect on 4 August 2016.

The following interest rates are available to Barclays Business customers. You can find details of the Business Customer Agreement and full terms and conditions that relate to each account. You can also find out about the currency reference rates for accounts held in a foreign currency.

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, euros 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+

0.850

0.853

Currency Call Deposit Account

An interest-earning account that provides ready access to money 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+

2.500

2.524

US dollar (USD)**

3,000+

0.650

0.652

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

Currency type

Danish kroner (DKK)

Canadian dollar (CAD)

Czeck koruna (CZK)

Hungarian forint (HUF)

Euro (EUR)

Hong Kong dollar (HKD)

Japanese yen (JPY)

Icelandic krona (ISK)**

Israeli shekel (ILS)

Lesotho loti (LSL)

Kenyan shilling (KES)

Kuwait dinar (KWD)

Norwegian krone (NOK)

Mauritius rupee (MUR)

Nigerian naira (NGN)**

Qatar rial (QAR)

Omani rial (OMR)

Polish zloty (PLN)

Swedish krona (SEK)

Saudi Arabian rial (SAR)

Singapore dollar (SGD)

Tunisian dollar (TND)

Swiss franc (CHF)

Thai baht (THB)

Zambian kwacha (ZMW)

Uganda shilling (UGX)

U.A.E. dirham (AED)

** 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.

Current Rate

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 Rule1

% 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 Rule1

% 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 Rule1

% 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+

0.750

0.752

South African rand (ZAR)

1+

2.500

2.524

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

Currency type

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

Canadian Dollar (CAD)

1+

0.000

0.000

1,000,000

0.250

0.250

2,000,000

0.500

0.501

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+

1.000

1.004

2,000,000+

1.100

1.105

South African rand (ZAR)

1+

5.250

5.354

1,500,000+

5.400

5.510

4,000,000+

5.500

5.614

7,500,000+

6.000

6.136

15,000,000+

6.250

6.398

No interest is paid on the following currency types.

Currency type

Danish kroner (DKK)

Euro (EUR)

Norwegian krone (NOK)

Swiss franc (CHF)

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.

General information

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 (Link opens in a new window) .

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.