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Savings accounts to suit your business
Whether you want instant access to your money or a better rate for a fixed term, we have an account that fits the way you do business.
Account |
Clients Premium Account |
---|---|
Access |
Instant |
Minimum balance |
£0 |
Management |
Online, branch, phone, chequebook |
Account terms and conditions1 [PDF, 172KB]
Account name
Clients Premium Account
What's the interest rate?
Effective from 01 December 2023
Balance |
Gross per year % |
AER % |
---|---|---|
£1+ |
1.40% |
1.41% |
£1 million+ |
1.65% |
1.66% |
£10 million+ |
1.95% |
1.96% |
Interest is calculated daily using your statement balance, and paid quarterly in March, June, September and December.
Upcoming interest rate reductions
The interest rate will go down on 19 December 2024 and 11 March 2025. The new interest rates will be:
Balance |
Gross per year % |
AER % |
---|---|---|
£1+ |
1.30% |
1.31% |
£1 million+ |
1.60% |
1.61% |
£10 million+ |
1.90% |
1.91% |
Interest is calculated daily using your statement balance, and paid quarterly in March, June, September and December.
Balance |
Gross per year % |
AER % |
---|---|---|
£1+ |
1.25% |
1.26% |
£1 million+ |
1.50% |
1.51% |
£10 million+ |
1.80% |
1.81% |
Interest is calculated daily using your statement balance, and paid quarterly in March, June, September and December.
What would the estimated balance be after 12 months based on a £1,000, £1 million or £10 million deposit?
Deposit amount |
Estimated balance after a year |
---|---|
£1,000 |
£ 1,014.07 |
£1 million |
£ 1,016,602.37 |
£10 million |
£ 10,196,430.58 |
The interest rate will go down on 19 December 2024 and 11 March 2025. Estimated balances based on the new interest rates will be:
Deposit amount |
Estimated balance after a year |
---|---|
£1,000 |
£1,013.06 |
£1 million |
£1,016,096.26 |
£10 million |
£10,191,358.04 |
Deposit amount |
Estimated balance after a year |
---|---|
£1,000 |
£1,012.56 |
£1 million |
£1,015,084.59 |
£10 million |
£10,181,218.65 |
These are examples and don't take your individual circumstances into account. The examples assume that
Can Barclays change the interest rate?
Yes, we can change rates from time to time, based on changes in market conditions. For more information, please refer to the relevant section of the Business Customer Agreement.
Who is the Clients Premium Account suitable for?
Clients Premium Accounts are suitable for regulated businesses that have a legal requirement to hold money on behalf of their clients.
If you’re holding money that belongs to a third party, not your own business, you can safeguard it in this account. When you open an account, you can choose between a ‘designated account’ for money belonging to a single business or person, or a ‘pooled account’ for money belonging to multiple businesses or people. If your needs change, you can still open an account of the other type.
It’s important to remember that a Clients Premium Account should never hold any of your own money.
Our Clients Premium Accounts are typically suitable for
You’re responsible for complying with all legal, fiduciary and regulatory obligations that apply to you. This includes compliance with Money Laundering Regulations.
How do I open and manage my account?
Open your account by speaking to our telephone servicing team.
We might ask you to complete a short questionnaire to make sure you'll meet our eligibility criteria. If you do, we'll send you a letter to confirm when the account is open and give you your account details.
You can manage your account either in our branches, over the phone, or by using Online Banking or the Barclays app.
Can I withdraw money?
Yes, you’ll have instant access to your money for withdrawals, though cash withdrawals from this type of account are restricted.
Additional information
Account |
Sterling Treasury Deposits |
---|---|
Access |
Fixed term |
Minimum balance |
£100,000 |
Management |
Telephone |
Interest rate |
Depends on chosen term |
Account terms and conditions1 [PDF, 143KB]
We also offer foreign currency savings accounts.
Business Premium Account |
Clients Premium Account |
Treasury Deposit Account |
|
---|---|---|---|
Account type |
Instant access |
Instant access |
Fixed-term |
Term |
– |
– |
– |
Withdrawals |
Yes |
Yes |
No |
Minimum balance |
£0 |
£0 |
£100,000 |
Management |
Branch
Telephone |
||
AER: Current Rate |
Up to 1.96% |
Up to 1.96% |
Rate guaranteed for the duration of fixed deposit |
Benefits |
Manage your day-to-day finance |
Manage money on behalf of your clients. For businesses like lawyers, accountants and estate agents
|
Get a much higher return compared with a standard savings account. For businesses with big deposits that are looking for higher returns.
|