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Current interest rates

Rates and charges for Barclays Business accounts

Interest rates may change. The Bank of England Base Rate is 0.75%, which took effect on 2 August 2018.

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+

0.400

0.401

£100,000+

0.300

0.300

£1+

0.200

0.200

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+

0.400

0.401

£100,000+

0.300

0.300

£1+

0.200

0.200

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+

1.600

1.610

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+

1.400

1.407

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

Canadian Dollar (CAD)

Chinese Yuan (CNY)

Czech Koruna (CZK)

Danish Kroner (DKK)

Euro (EUR)**

Hong Kong Dollar (HKD)

Hungarian Forint (HUF)

Israeli Shekel (ILS) 

Japanese Yen (JPY)

Norwegian Krone (NOK)

Polish Zloty (PLN)

Russian Ruble (RUB)

Saudi Arabian Rial (SAR) 

Singapore Dollar (SGD)

Swedish Krona (SEK)

Swiss Franc (CHF)

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 %

£1 million+

0.400

0.400

£100,000+

0.300

0.300

£0.01+

0.200

0.200

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+

0.400

0.401

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+

0.400

0.401

£100,000+

0.300

0.300

£1+

0.200

0.200

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

0.400

0.401

£250,000+

1.5

0.300

0.300

£100,000+

1.75

0.300

0.300

£25,000+

2

0.200

0.200

£10,000+

2.5

0.200

0.200

£1+

3

0.200

0.200

Base Rate Tracker

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

0.400

0.401

£500,000+

1.4

0.300

0.300

£100,000+

1.65

0.300

0.300

£25,000+

2

0.200

0.200

£5,000+

2.5

0.200

0.200

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+

0.400

0.401

£100,000+

0.300

0.300

£1+

0.200

0.200

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+

0.400

0.401

£100,000+

0.300

0.300

£1+

0.200

0.200

Currency Clients Premium Account

A convenient account that simplifies the administration of your clients' funds, for both general and designated use, in a number of major non-sterling currencies. Interest is paid quarterly.

For accounts opened after 20 August 2012, credit interest is only payable on USD at the rate detailed below. For accounts opened before 20 August 2012, please see currency rates below (US Dollar rates are applicable to all accounts regardless of when opened).

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+

1.500

1.508

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)

Czech Koruna (CZK)

Danish Kroner (DKK)

Euro (EUR)

Hong Kong Dollar (HKD)

Israeli Shekel (ILS)

Japanese Yen (JPY)

Norwegian Krone (NOK)

Polish Zloty (PLN)

Singapore Dollar (SGD)

Swedish Krona (SEK)

Swiss Franc (CHF)

U.A.E. Dirham (AED)

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+

0.250

0.250

200,000+

0.400

0.401

500,000+

0.500

0.501

1,000,000+

0.750

0.752

2,000,000+

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

Norwegian Krone (NOK)

1+

0.000

0.000

2,000,000+

0.000

0.000

4,000,000+

0.000

0.000

8,000,000+

0.000

0.000

15,500,000+

0.250

0.250

US dollar (USD)

1+

2.000

2.015

2,000,000+

2.100

2.117

South African rand (ZAR)

1+

5.000

5.095

1,500,000+

5.150

5.250

4,000,000+

5.250

5.354

7,500,000+

5.750

5.875

15,000,000+

6.000

6.136

No interest is paid on the following currency types.

Currency Type

Currency type

Danish kroner (DKK)

Euro (EUR)

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 0.05% 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 0.05% minimum interest rate at any time.

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.

Barclays Business Currency Deposit Accounts: unauthorised-overdraft rate

If your currency deposit account goes overdrawn you will be charged at the unauthorised-overdraft rate, which is currently 15% above the relevant reference rate for each currency. Interest will be calculated 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.

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.

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.