Historic Interest Rates for Business Accounts

Transcription

1 The tables below itemise the historic products and interest rates that are no longer available for business account depositors. These tables show the qualifying conditions to earn interest and the rates shown below were paid from 2009 up to 09 December 2016, when the last rate change was made. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year. This allows you to compare easily what return you can expect from your savings over time. The Gross Rate is the rate of interest you would receive on a savings account before the deduction of income tax. In the case of the High Value Capital and High Value Deposit Accounts, you can make withdrawals without giving notice, but you will be charged interest based on the relevant notice period and amount withdrawn. We may make changes to these rates without notice, if the change is in your favour. Where the change is to your disadvantage The rates and information in this leaflet applicale to your account form part of the terms that apply to your account. From 09 December 2016 the Business Call Deposit Account will track the Bank of England Base Rate to a minimum of 0%. Rate changes will be effective from the first working day of the month following the month in which the Bank of England Base We re here to help Monday to Friday from 9am - 5pm, except Bank Holidays. Your call will be recorded for training and quality purposes. If you need to speak to us, please call Written queries should be sent to: Tandem Bank, Hammersmith Road, London, W14 8UD Tandem Bank Limited is a company registered in England and Wales (company registration number ) with its registered office address at 123 Pentonville Road, London, N1 9LG. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number

2 High Value Capital 90 Day Notice Account Interest paid quarterly (Minimum deposit 10,000) CLOSED 09 December , % 1.15% CLOSED 09 December ,000-99, % 0.95% CLOSED 09 December , % 0.75% CLOSED Current Rate 100, % 0.70% CLOSED Current Rate 50,000-99, % 0.50% CLOSED Current Rate 10,000-49, % 0.25%

3 High Value Deposit 35 Day Notice Account Interest paid monthly (Minimum deposit 5,000) CLOSED 09 December , % 1.00% CLOSED 09 December ,000-99, % 0.75% CLOSED 09 December ,000-49, % 0.50% CLOSED Current Rate 100, % 0.50% CLOSED Current Rate 50,000-99, % 0.50% CLOSED Current Rate 5,000-49, % 0.25%

4 Business Call Deposit Account Interest paid quarterly Date Withdrawn Balances of: AER 1 Gross Rate 2 09 December , % 0.85% 09 December ,000-99, % 0.60% 09 December ,000-49, % 0.30% 09 December ,000-24, % 0.30% 09 December , % 0.30% 09 December 2016 Balances below 5, % 0.30% Current Rate 100,000+ (BOE*+0.25%) 0.75% 0.75% Current Rate 1-99,999+ (BOE*+0.00%) 0.50% 0.50%

5 Business High Value Current Account (Minimum deposit to earn interest 5,000) - Interest paid montly December , % 0.30% December ,000-49, % 0.20% December ,000-24, % 0.20% CLOSED 07/04/2017 Current Rate 5, % 0.20% Interest is paid on whole balances, for example, if your total balance is 13,000, this will attract the gross interest for that band on the full 13,000.