Commercial Designated Client Account

This account enables you to hold your clients’ individual funds in separate accounts. It’s suitable for professional practices such as solicitors, accountants and estate and managing agents.

  • Hold your clients’ funds in separate accounts
  • Instant access to account
  • Easy withdrawal from account as long as cleared funds are available
  • Interest is calculated daily, paid monthly and can be added to your firm’s office account
  • Deputyship or Appointeeship arrangements available, giving your clients direct access to their funds

Commercial Undesignated Client Account

This account enables you to hold multiple clients’ funds in a shared account. It’s suitable for professional practices such as accountants or solicitors and insurance brokers.

  • Hold your clients’ funds in a shared account
  • Instant access to account
  • Easy withdrawal from account as long as cleared funds are available
  • Interest is calculated daily, paid monthly and can be added to your firm’s office account
  • Depending on your annual business turnover, different terms and conditions will apply

Apply now

Apply now

For clients with an annual turnover of less than £3 million please call 0345 878 0052 to speak to one of our business advisors.

Lines are open Monday to Friday 9am to 5pm, excluding bank holidays.  

Apply now

Apply now

For clients with an annual turnover between £3 million  and £25m million please talk to your relationship manager to apply or discuss your client needs.

If you don’t yet have a relationship manager assigned, please call  0345 300 0268.

We’re available from 7am to 8pm Monday to Friday  and 9am to 2pm on Saturday, excluding bank holidays.

FSCS Logo

Financial Services Compensation Scheme

Eligible deposits with Bank of Scotland plc are protected up to a total of £85,000. Due to FSCS eligibility criteria not all business customers will be covered.

Commercial Designated Client Account & Commercial Undesignated Client Account

What is the interest rate?

It’s a variable rate, as shown in the table below.

Current interest rates.

Interest paid monthly

AER (%)*

Gross (%)**

Interest paid monthly

£10,000,000+

AER (%)*

1.71%

Gross (%)**

1.70%

Interest paid monthly

£1,000,000+

AER (%)*

1.41%

Gross (%)**

1.40%

Interest paid monthly

£250,000+

AER (%)*

1.00%

Gross (%)**

1.00%

Interest paid monthly

£100,000+

AER (%)*

1.00%

Gross (%)**

1.00%

Interest paid monthly

£50,000+

AER (%)*

1.00%

Gross (%)**

1.00%

Interest paid monthly

£1+

AER (%)*

1.00%

Gross (%)**

1.00%

These interest rates will apply from 15 April 2025. Interest is calculated daily and applied monthly.