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Private rates

Rates of interest are subject to change but are correct as at 1st December 2016

Existing private rates

Bank of England base rate Current
% p.a.
Changed on 4th August 2016, effective from 1st December 2016
0.25

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

Credit interest rates Current gross *
rate %
Current AER*** %
Current account tracker and private current account
On all balances ‡
0.10
0.10
Private savings account ‡‡‡
£1,000,000 and over
0.50
0.50
Rates from 1st December 2016
£500,000 - £999,999
0.50
0.50
Rates from 1st December 2016
£0 - £499,999
0.25
0.25
40 day notice account
£1,000,000 and over
0.50
0.50
£100,000 - £999,999
0.35
0.35
£0 - £99,999
0.10
0.10

Savings

Savings products Current
tax free****
rate (%p.a)
Current
AER***%
Help To Buy: ISA
On all balances 1.50 1.50
Cash ISA Flexi Cash ISA
£30,000 and over 0.50 0.50
£15,000 - £29,999 0.40 0.40
£0 - £14,999 0.20 0.20

‡ The gross rate of interest payable is 1.0% below the Bank of England base rate. The minimum gross rate of interest payable on this account is 0.1%.

‡‡‡ 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

Changes in the Bank of England base rate may be made at any time, will normally be applied on the same or the next business day and will be notified in accordance with the Personal and Private Banking Account terms and conditions.

Private term deposit

View our term deposit rates

Overdraft terms

Debit interest rates Current
% p.a.
Current
EAR+%
Current account tracker and private current account
Planned borrowing rate
Up to £15,000 (10% over Base Rate) †
10.25
10.75
£15,000 and above contact your private partner
Representative example

Rate of interest - 10.25% per annum (variable)
Total amount of credit - £1200
EAR - 10.75% variable

The rate of interest shown is an Effective Annual Rate (EAR) which takes account of the rate of interest charged, the frequency it is levied to the account and the compounding interest.*

* This example is for illustration purposes only.

† Changes in the Bank of England base rate may be made at any time, will normally be applied on the same or the next business day and will be notified in accordance with the Personal and Private Banking Account terms and conditions.

Private Current Account Mortgages

Flexible Repay / Rapid Repay (Off Sale Product)

The planned borrowing interest rate is your mortgage rate shown in your mortgage offer document.


Offsale accounts

Credit terms

Credit interest rates Current gross* rate % Current AER*** %
Rapid/flexible repay
On all balances
0.00
0.00
Savings products Current gross* rate % Current AER*** %
Cash ISA - instant access
£30,000 and over 0.50 0.50
£15,000 - £29,999 0.40 0.40
£1 - £14,999 0.20 0.20
Cash ISA - 40 day notice
£30,000 and over 1.25 1.25
£15,000 - £29,999 1.00 1.00
£1 - £14,999 0.50 0.50
Cash ISA fixed rate bond Current tax free**** rate (%p.a) Current AER*** %
Issue 16 (maturity date 31st May 2017) 4.25 4.25
Issue 25 (maturity date 31st October 2017) 2.45 2.45
Issue 27 (maturity date 28th April 2017) 2.10 2.10
Issue 28 (maturity date 29th May 2020)
(Available to maturing Issue 3 customers only)
2.70 2.70
Private Issue 2 (maturity date 31st August 2018) 2.65 2.65
Issue 31 (maturity date 30th November 2018)
(Available to maturing Issue 6, 21 & 26 customers only)
2.20 2.20
Issue 32 (maturity date 30th April 2021)
(Available to maturing Issue 9, 11, 20, 24 & 29 customers)
2.20 2.20
Issue 33 (maturity date 28th April 2017) 1.10 1.10
Issue 34 (maturity date 31st May 2019)
(Available to maturing Issue 20 & 24 customers only)
1.75 1.75
Issue 35 (maturity date 31st May 2018) 1.50 1.50
Issue 36 (maturity date 31st October 2017) 1.35 1.35
Issue 37 (maturity date 31st October 2017) 0.80 0.80
Definitions

*Gross rate. Gross rate interest is the interest payable without taking account of any tax payable. From 6th April 2016 we will no longer deduct tax from the interest earned on your savings, following the introduction of a Personal Savings Allowance. If you earn interest over your Personal Savings Allowance you will be required to pay any tax due yourself directly to HM Revenue and Customs. If you would like to read more about your Personal Savings Allowance, please visit the Governments website www.gov.uk.

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

****Tax free means interest payable is exempt from income tax.

+EAR - 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.

Important information about compensation arrangements.

Eligible deposits with Clydesdale Bank PLC (of which Clydesdale Bank and Yorkshire Bank are both trading names) are protected by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. Further information can be found on the FSCS website www.fscs.org.uk.

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.