Deposit products

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

Your Requirements

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

Our Products

Corporate Call Account

How It Works

  • 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

Next Steps

View the current interest rates for this account

 

To apply please contact your Relationship Team

Your Requirements

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

Our Products

Notice Account

How It Works

  • 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  • If you make a Withdrawal from your Notice Account, the Interest Rate applied to the funds to be withdrawn will be the Reversion Rate.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 Interest on the funds to be withdrawn will be paid at the end of the notice period.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

Next Steps

Your Requirements

Fixed rate of interest for a fixed term

Our Products

Fixed Term Deposit

How It Works

  • 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

Next Steps

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 604 5539 should you have any queries.

DEPOSIT ACCOUNTS

TERM

AER/GROSS* p.a. INTEREST RATE

INTEREST PAYMENT

DEPOSIT ACCOUNTS

32 Day Notice Call Account**

TERM

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

AER\2fGROSS* p.a. INTEREST RATE

0.82% (Bank of England Bank Rate (BoE)
0.75% (variable) plus 0.07% (fixed))

INTEREST PAYMENT

Calculated and paid daily

DEPOSIT ACCOUNTS

95 Day Notice Call Account**

TERM

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

AER\2fGROSS* p.a. INTEREST RATE

0.95% (Bank of England Bank Rate
0.75% (variable) plus 0.20% (fixed))

INTEREST PAYMENT

Calculated and paid daily

DEPOSIT ACCOUNTS

175 Day Notice Call Account**

TERM

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

AER\2fGROSS* p.a. INTEREST RATE

1.00% (Bank of England Bank Rate
0.75% (variable) plus 0.25% (fixed))

INTEREST PAYMENT

Calculated and paid daily

DEPOSIT ACCOUNTS

3 Month Fixed Term Deposit (FTD)

TERM

3 months

AER\2fGROSS* p.a. INTEREST RATE

0.72% (fixed)

INTEREST PAYMENT

At maturity

DEPOSIT ACCOUNTS

6 Month Fixed Term Deposit (FTD)

TERM

6 months

AER\2fGROSS* p.a. INTEREST RATE

0.80% (fixed)

INTEREST PAYMENT

At maturity

DEPOSIT ACCOUNTS

9 Month Fixed Term Deposit (FTD)

TERM

9 months

AER\2fGROSS* p.a. INTEREST RATE

0.90% (fixed)

INTEREST PAYMENT

At maturity

DEPOSIT ACCOUNTS

12 Month Fixed Term Deposit (FTD)

TERM

12 months

AER\2fGROSS* p.a. INTEREST RATE

1.00% (fixed)

INTEREST PAYMENT

At maturity

DEPOSIT ACCOUNTS

GBP Fixed Date (FTD)

TERM

Maturity Date of 20/12/2018

AER\2fGROSS* p.a. INTEREST RATE

0.77% (fixed)

INTEREST PAYMENT

At maturity

DEPOSIT ACCOUNTS

GBP Fixed Date (FTD)

TERM

Maturity Date of 26/06/2019 

AER\2fGROSS* p.a. INTEREST RATE

0.95% (fixed)

INTEREST PAYMENT

At maturity

* AER – The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.

Gross Rate – Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.


** 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 03/08/2018 and expire on 13/09/2018. 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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