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Email enquires
@raphaelsbank.com

Interest Rates

Business Accounts

With effect from 05.03.2009 - Bank of England Base Rate 0.50% p.a.

AER %
Gross %
Net %
Deposit Accounts      
Twelve Month Notice      
£5,000 - £250,000 1.00 1.00 0.80
       
Six Month Notice      
£5,000 - £250,000 0.75 0.75 0.60
       
Three Month Notice      
£0 to £50,000 0.60 0.60 0.48
£50,001 to £100,000 0.65 0.65 0.52
£100,001 plus 0.70 0.70 0.56
       
One Month Notice      
£0 to £50,000 0.50 0.50 0.40
£50,001 to £100,000 0.55 0.55 0.44
£100,001 plus 0.60 0.60 0.48
       
Instant Access      
£0 to £50,000 0.40 0.40 0.32
£50,001 to £100,000 0.45 0.45 0.36
£100,001 plus 0.50 0.50 0.40
Current Account      
£1 plus 0.10 0.10 0.08

Money Market

Raphaels can pay Money Market rates of interest for fixed deposits of £50,000 and over. The minimum investment period is one month. Interest on such deposits is paid gross.