• Deposit products

    Introducing our range of Deposit accounts

    Bank of Scotland Commercial Banking offers a range of deposit accounts which provide our customers with a choice of products to suit their needs – all with flexible features.

    When you have a surplus of corporate money or want an interest return from your cashflow, we have a number of options available.

    • Where you require instant access or a fixed interest rate, we listen to your immediate and strategic aims and build an appropriate deposit solution.
    • To meet your business needs, our deposit accounts can be made to measure, with a choice of options available for the term, currency and interest rate.
    • Our relationship directors take the time to get to know you by working with you to meet your business needs.

    Want to receive our interest rates direct to your inbox on a monthly basis? Email us here with your business name and email address. Please note, some restrictions may apply and we will contact you to confirm.

  • The right product for your business

    Your Requirements Our Products How it Works Next Steps

    A flexible account that gives you access to your funds whenever you need them while providing you with managed rates of credit interest

    Corporate Call Account

     
    • Instant access to your funds when you need them
    • Receive credit interest which is calculated on your cleared daily balance
    • You can choose to receive interest at monthly or quarterly intervals
     

    View the current interest rates for this account

    To apply please contact your Relationship Team

    Maximise variable interest rate with access to funds, subject to notice

    Notice Account

     
    • Receive a variable rate of interest which tracks the Bank of England Bank Rate (BoE) plus a margin
    • Access to funds permitted provided the relevant notice period is given
    • Available with various Notice period options – 32 day, 95 day and 175 day
    • If you make a Withdrawal from your Notice Account, the Interest Rate applied to the funds to be withdrawn will be the Reversion Rate. The Reversion Rate will apply for the duration of the notice period, from the date we receive your Withdrawal Instruction. Interest on the funds to be withdrawn will be paid at the end of the notice period.
    • Also available in EUR and USD
     

    View 32 Day Notice Factsheet

    View 95 Day Notice Factsheet

    View 175 Day Notice Factsheet

    View the current interest rates for this account



    To apply please contact us on 0345 604 5539 or contact your Relationship Team.

    Submit an instruction

    A fixed rate of interest with access to a proportion of funds

    Partial Withdrawal Fixed Term Deposit

     
    • Receive an enhanced fixed rate of interest for a fixed term of 12 months
    • A one off withdrawal of 20% of the total deposit balance permitted provided 32 days notice is given
    • No further withdrawals or early termination permitted
     

    View Product Factsheet

    View the current interest rates for this account



    To apply please contact us on 0345 604 5539 or contact your Relationship Team.

    Submit an instruction

    Fixed rate of interest for a fixed term

    Fixed Term Deposit

     
    • Receive an enhanced fixed rate of interest for a fixed term from anywhere between overnight to 5 years
    • Also available in EUR and USD
    • No withdrawals or early termination permitted
     

    View Product Factsheet

    View the current interest rates for this account



    To apply please contact us on 0345 604 5539 or contact your Relationship Team.

    Submit an instruction



    All applications for our products and services are subject to eligibility criteria. Other deposit solutions may be available. Please contact your Relationship Team or the Treasury Direct team on 0345 604 5539 . We are available Monday to Friday 8am to 5pm.

  • Current rates

    You can view the current rates applicable to the Corporate Call Account.

    For all other deposit accounts below, there is a minimum opening balance of £10,000 and a maximum balance of £5,000,000 and rates apply to deposits in sterling only. For deposits over £5,000,000, alternative terms or for more information on rates in other major currencies, please call us on 0345 604 5539 . We are available 8am to 5pm Monday to Friday.

    All interest rates quoted below are indicative only and are for Corporate Businesses with a turnover of up to £350m p.a. They are not available for Local Authority and wider Government associated entities / Financial Institutions / larger Corporate entities. Please click here for Local Authority interest rates. Other exclusions may apply, please contact your Relationship Team or call 0345 305 5555 should you have any queries.

  • DEPOSIT ACCOUNTS TERM AER/GROSS* p.a. INTEREST RATE INTEREST PAYMENT

    32 Day Notice Call Account**

    No set term
    32 days’ notice required to make withdrawals or close the account

    Bank of England Bank Rate 0.25% (variable) plus 0.07% (fixed)

    Calculated and paid daily

    95 Day Notice Call Account**

    No set term
    95 days’ notice required to make withdrawals or close the account

    Bank of England Bank Rate 0.25% (variable) plus 0.20% (fixed)

    Calculated and paid daily

    175 Day Notice Call Account**

    No set term
    175 days’ notice required to make withdrawals or close the account

    Bank of England Bank Rate 0.25% (variable) plus 0.25% (fixed)

    Calculated and paid daily

    Partial Withdrawal Fixed Term Deposit (FTD)

    12 months

    0.55% (fixed)

    At maturity

    3 Month Fixed Term Deposit (FTD)

    3 months

    0.22% (fixed)

    At maturity

    6 Month Fixed Term Deposit (FTD)

    6 months

    0.36% (fixed)

    At maturity

    9 Month Fixed Term Deposit (FTD)

    9 months

    0.44% (fixed)

    At maturity

    12 Month Fixed Term Deposit (FTD)

    12 months

    0.65% (fixed)

    At maturity

    GBP Fixed Date (FTD)

    Maturity Date of 21/03/2018

    0.38% (fixed)

    At maturity

    GBP Fixed Date (FTD)

    Maturity Date of 20/06/2018

    0.48% (fixed)

    At maturity


    *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 advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time. Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.


    **Product is linked to the current Bank of England Bank Rate. If you make a Withdrawal from your Notice Account, the Interest Rate applied to the funds to be withdrawn will be the Reversion Rate. The Reversion Rate will apply for the duration of the notice period, from the date we receive your Withdrawal Instruction. Interest on the funds to be withdrawn will be paid at the end of the notice period.


    *** Rate assumes no withdrawals are made and is linked to the current Bank of England Bank rate.


    Rates stated are available as at 15th September 2017 and expire on 2nd November 2017. Lloyds Banking Group maintains the right to withdraw rates at our discretion during the offer period.


    Interest accrued on our Term Deposits are paid on maturity, unless the Term Deposit has a term of more than one year, in which case, accrued interest is paid annually and any remaining interest is paid at maturity.


    Terms and conditions apply; please contact us for further information.

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