Private rates

Rates of interest are subject to change but are correct
as at 15th June 2013

Our Private Banking services are usually available to clients with an individual gross salary of £75,000 or more, joint gross income of £100,000 or assets available to invest of £100,000. The account holder's salary must be paid into the account. A monthly relationship fee is payable for access to our Private Banking proposition. These criteria may vary and are subject to discussion with your Relationship Manager.

For further details, please contact one of our Relationship Managers at your nearest Business & Private Banking Centre.

Credit Terms

‡ The gross rate of interest payable is 1.0% below the Bank of England base rate and will change within 14 days of the Bank of England base rate change. The minimum gross rate of interest payable on this account is 0.2%

‡‡ The gross rate of interest payable is 1.0% below the Bank of England base rate and will change within 14 days of the Bank of England base rate change.

‡‡‡ The gross rate of interest payable is linked to the Bank of England base rate as detailed below. However, at this time of historically low rates, we are currently paying higher rates of gross interest across all tiers. This is subject to change at any time:

• 0.25% below Bank of England base rate for balances £0 - £499,999
• equal to Bank of England base rate for balances £500,000 - £999,999
• 0.25% above Bank of England base rate  £1,000,000 and over 

Any change to interest rates will be applied within 14 days of the Bank of England base rate change.

Private Term Deposit

View our term deposit rates

Overdraft Terms

† These interest rates will change within 14 days of the Bank of England base rate change.

Private Mortgages

View our Private Mortgage Rates

Offsale Accounts

Credit Terms

Definitions

+EAR (Effective Annual Rate) - the effective annual rate is used to express the cost of borrowing on current accounts. The EAR takes account of the rate of interest charged, the frequency it is levied to accounts and compounding of interest. It does not include overdraft fees.

++AER. The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

*Gross Rate. Gross interest is interest payable without taking account of the deduction of income tax. For most customers tax will be deducted at the basic rate prevailing at the time of payment (currently 20%).

**Net Rate The net rate is the gross rate less tax at the basic rate (currently 20%). Tax at this rate will be deducted from accounts subject to tax at the time interest is paid. Non-taxpayers may register for payment of interest gross. Tax paid may be reclaimed, where appropriate, from the HM Revenue and Customs.

We are covered by the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and circumstances of the claim.

Further details of the scheme are available from us on request or from the Financial Services Compensation Scheme www.fscs.org.uk or in writing from the Financial Services Compensation Scheme, 7th Floor, Lloyds Chambers, 1 Portsoken Street, London E1 8BN.

Clydesdale Bank and Yorkshire Bank are trading names of Clydesdale Bank PLC. As both banks are part of the one and same authorised entity the FSCS compensation limit applies to deposits help across both brands.