Previous Rates and Charges
Charity & Voluntary Sector Account Range
Base Rate 5.25% as at Feb 8 2008 12:00AM Start of Business.
| Ideal Current Account |
|---|
| Free banking for organisations whose annual turnover is less than £250,000 |
|---|
| Ideal Cash Account |
|---|
| Gross interest credited quarterly in March, June, September and December. Interest is paid on the whole balance at the rate shown Charges are 40p per debit transaction. |
|---|
| | Net Rate | Gross Rate | A.E.R.* |
|---|
| Amounts up to £2,499 | 0.000 %
| 0.000 %
| 0.000 %
|
| Amounts up to £4,999 | 0.000 %
| 0.000 %
| 0.000 %
|
| Amounts up to £9,999 | 0.000 %
| 0.000 %
| 0.000 %
|
| Amounts up to £24,999 | 1.200 %
| 1.500 %
| 1.762 %
|
| Amounts of £25,000 and above | 1.800 %
| 2.250 %
| 2.269 %
|
| Ideal Custom Account |
|---|
| Gross interest credited quarterly in March, June, September and December. Interest is paid on the whole balance at the rate shown the account. Your local Development Manager will be pleased to discuss your needs. |
|---|
| | Net Rate | Gross Rate | A.E.R.* |
|---|
| Amounts up to £2,499 | 0.000 %
| 0.000 %
| 0.000 %
|
| Amounts up to £4,999 | 1.200 %
| 1.500 %
| 1.762 %
|
| Amounts up to £9,999 | 2.000 %
| 2.500 %
| 2.524 %
|
| Amounts up to £24,999 | 2.200 %
| 2.750 %
| 2.779 %
|
| Amounts up to £99,999 | 2.600 %
| 3.250 %
| 3.290 %
|
| Amounts of £100,000 and above | 2.800 %
| 3.500 %
| 3.546 %
|
|
| Ideal Deposit Account |
|---|
| Gross interest credited quarterly in March, June, September and December. Interest is paid on the whole balance at the rate shown |
|---|
| | Net Rate | Gross Rate | A.E.R.* |
|---|
| Amounts up to £2,499 | 1.200 %
| 1.500 %
| 1.762 %
|
| Amounts up to £4,999 | 1.200 %
| 1.500 %
| 1.762 %
|
| Amounts up to £9,999 | 1.200 %
| 1.500 %
| 1.762 %
|
| Amounts up to £24,999 | 2.200 %
| 2.750 %
| 2.779 %
|
| Amounts up to £49,999 | 2.200 %
| 2.750 %
| 2.779 %
|
| Amounts of £50,000 and above | 2.200 %
| 2.750 %
| 2.779 %
|
|
| Ideal Reserve Account |
|---|
| Gross interest credited quarterly in March, June, September and December. Interest is paid on the whole balance at the rate shown |
|---|
| | Net Rate | Gross Rate | A.E.R.* |
|---|
| Amounts up to £4,999 | 1.200 %
| 1.500 %
| 1.762 %
|
| Amounts up to £24,999 | 2.600 %
| 3.250 %
| 3.290 %
|
| Amounts up to £49,999 | 2.840 %
| 3.550 %
| 3.598 %
|
| Amounts up to £99,999 | 3.040 %
| 3.800 %
| 4.112 %
|
| Amounts up to £199,999 | 3.400 %
| 4.250 %
| 4.318 %
|
| Amounts of £200,000 and above | 3.640 %
| 4.550 %
| 4.628 %
|
|
* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year. * Gross Rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. * Net Rate is the rate of interest which would be payable after allowing for the deduction of income tax at the rate specified by law.
