Overseas Company Club Account - sterling

Credit Interest Rates

Current Interest Rates

Interest rates are correct as at 11 November 2008

Interest on Credit Balances (paid monthly) % Per Annum Gross Rate* % Per Annum AER**
£1+ 0.25 0.25
£10,000+ 0.35 0.35
£25,000+ 0.50 0.50
£50,000+ 0.95 0.95
£100,000+ 1.80 1.81

Previous Interest Rates

Interest rates are from 13 October 2008

Interest on Credit Balances (paid monthly) % Per Annum Gross Rate* % Per Annum AER**
£1+ 0.75 0.75
£10,000+ 1.40 1.40
£25,000+ 1.75 1.76
£50,000+ 2.45 2.47
£100,000+ 3.30 3.35

*GROSS RATE: The contractual rate of interest payable before deduction of income tax at the rate specified by law.

**AER - AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advert for a savings product will contain an AER you can compare more easily what return you can expect from your savings over time.

Equivalent Annual Rate excluding any changes which may be applicable.