Current interest rates for open to sale products
Business Direct Saver
Rates are variable and effective from 8 June 2009
| Tier |
Gross rate / AER |
Net rate |
Monthly gross rate |
Monthly net rate |
|
£1 - £9,999 |
0.25% |
0.20% |
0.25% |
0.20% |
|
£10,000 + |
1.00% |
0.80% |
1.00% |
0.80% |
Business Reward Saver
Rates are variable and effective from 8 June 2009
Interest rates if one withdrawal is made during the first 12 months
| Tier |
Gross p.a. / AER |
Net p.a. (including bonus)1 |
Gross rate p.a. (excluding bonus) |
Net rate p.a. (excluding bonus) |
|
Less than £30,000 |
0.10% |
0.08% |
0.10% |
0.08% |
|
£30,000 + |
1.84% |
1.47% |
0.92% |
0.74% |
1Includes a variable rate bonus for the first 12 months of 1.00% gross/AER. A reduced rate of 0.10% gross/AER will be paid on the full balance on the account for the month in which a withdrawal is made.
Interest rates if no withdrawals are made during the first 12 months
| Tier |
Gross p.a. / AER |
Net p.a. (including bonus)1 |
Gross rate p.a. (excluding bonus) |
Net rate p.a. (excluding bonus) |
|
Less than £30,000 |
0.10% | 0.08% | 0.10% | 0.08% |
| £30,000 + | 2.00% | 1.60% | 1.00% | 0.80% |
Business Reserve Client Account (Issue 1)
Rates are variable and effective from 5 March 2009
| Tier |
Gross rate / AER |
Net rate |
Monthly gross rate |
Monthly net rate |
|
£1 - £499,999 |
0.10% | 0.08% | 0.10% | 0.08% |
|
£500,000 + |
0.60% | 0.48% | 0.60% | 0.48% |
Current interest rates for off sale products
Business Reserve and Business Reserve Client Account (Issue 1)
Rates are variable and effective from 5 March 2009
| Tier |
Gross rate / AER |
Net rate |
Monthly gross rate |
Monthly net rate |
|
£1 - £499,999 |
0.10% | 0.08% | 0.10% | 0.08% |
|
£500,000 + |
0.60% | 0.48% | 0.60% | 0.48% |
Business Reserve (Issue 2)
Rates are variable and effective from 1 April 2009
| Tier |
Gross rate / AER |
Net rate |
Monthly gross rate |
Monthly net rate |
|
£1 - £9,999 |
0.25% | 0.20% | 0.25% | 0.20% |
|
£10,000 + |
1.00% | 0.80% | 1.00% | 0.80% |
Previous interest rates
Business Reserve and Business Reserve Client Account (Issue 1)
| Tier |
Gross rate / AER |
Net rate |
Monthly gross rate |
Monthly net rate |
|
£1 - £249,999 |
0.10% | 0.08% | 0.10% | 0.08% |
| £250,000 - £499,999 | 0.32% | 0.26% | 0.32% | 0.26% |
|
£500,000 + |
1.11% | 0.89% | 1.10% | 0.88% |
Business Reserve (Issue 2)
| Tier |
Gross rate / AER |
Net rate |
Monthly gross rate |
Monthly net rate |
|
£1 - £9,999 |
0.50% | 0.40% | 0.50% | 0.40% |
| £10,000 + | 1.25% | 1.00% | 1.24% | 0.99% |
AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay before income tax is taken off. Rates may change and we pay interest each month or year.
Charges
Charges apply for non-standard services – these are listed below.
| Description | Charge |
| Instant Overdraft interest rate1 | Typical 29.9% APR (variable) |
| Instant Overdraft monthly fee1 | £15.00 |
| Charge for each debit transaction paid whilst in your Instant Overdraft1 | £30.00 |
| Please note: an Instant Overdraft fee and interest may be incurred solely as a result of charges being debited in the previous month | |
| Unpaid cheque/direct debit/standing order/bill payment2 | £32.00 |
| Photocopy of cheque2 | £4.00 |
| CHAPS payment (UK)2 | £20.00 |
| CHAPS payment (International)2 | £25.00 |
| Telegraphic Transfer2 | £20.00 |
| International Telegraphic Transfers (sterling)2 | £20.00 |
| International Telegraphic Transfers (foreign currency)2 | £25.00 |
| Bankers Draft2 | £10.00 |
| Duplicate Statement (one copy only) | £5.00 |
| Duplicate Statement (more than one copy) | £10.00 |
| Foreign drafts3 | £10.00 |
| Audit replies3 | £25.00 plus VAT |
| Status replies3 | £10.00 |
| Stopped cheques3 | £10.00 |
| Use of Visa card within Europe & rest of the world3 | 2.75% of the value |
| Deed of guarantee or indemnity | 1.5% p.a. (min £100) |
1These charges and all transaction charges will be notified to you at least 14 days before they are debited to your account.
2 The charges will be applied at the time they are incurred.
Advance Overdrafts are only available on accounts opened since 2 January 2002.
All overdraft interest rates are variable.
Cash machine usage
| Link network cash machine charge | No charge |
| PLUS cash withdrawal handling charge 3 | 1.5% of the value (min £1.50) |
| Cash withdrawal handling charge from Cirrus badged machines 4 | £1 plus 1.5% of the value |
| Visa cash withdrawal handling charge 5 | 1.5% of the value (min £1.50) |
3 By Electron card holders from cash machines displaying the PLUS symbol, but which are not part of the Link cash machine network.
4 By 24 hour card holders from cash machines displaying Cirrus symbol but which are not part of the Link network.
5 By Debit Card holders from banks, organisations or cash machines displaying the VISA symbols but which are not part of the Link cash machine network.
These products are available to businesses with a turnover of £1 million or less
Santander UK plc. Registered Office: 2 Triton Square, Regent’s Place, London NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England. www.santander.co.uk. Telephone 0870 607 6000. Calls may be recorded or monitored. Authorised and regulated by the Financial Services Authority except in respect of its consumer credit products for which Santander UK plc is licensed and regulated by the Office of Fair Trading. FSA registration number 106054. Santander and the flame logo are registered trademarks. Santander UK plc advises on mortgages, a limited range of life assurance, pension and collective investment scheme products and acts as an insurance intermediary for general insurance
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