Private Banking: R. Raphael&Sons

Interest Rates - Business Account

Notes
1) Interest is payable at the highest rates shown in the tier on the full cleared balance held.
2) Other rates (and periods) by negotiation.
3) Interest payable on current accounts monthly.
4) Interest payable on deposit accounts on 30 June and 31 December each year.
5) Interest payable on Sapphire Account on 30 November each year.
6) Net rate after deduction of Savings Rate Tax at 20%.
7) AER = Annual Equivalent Rate - notional gross rate as if paid and compounded on an annual basis.
8) Rates shown above are applicable until further notice.
9) Current rates payable are displayed at Head Office.

Oct 08 (ii) PIR

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BUSINESS ACCOUNT customers with effect from 6.11.2008
Bank of England Base Rate 3.00% p.a.

AER %

Gross %

Net %

Deposit Accounts
Twelve Month Notice
£5 - £250,000	3.50	3.50	2.80

Six Month Notice
£5 - £250,000	3.25	3.25	2.60

Three Month Notice
£0 to £50,000	1.51	1.50	1.20
£50,001 to £100,000	1.76	1.75	1.40
£100,001 plus	2.01	2.00	1.60

One Month Notice
£0 to £50,000	1.25	1.25	1.00
£50,001 to £100,000	1.50	1.50	1.20
£100,001 plus	1.76	1.75	1.40

Instant Access
£0 to £50,000	0.80	0.80	0.64
£50,001 to £100,000	1.00	1.00	0.80
£100,001 plus	1.25	1.25	1.00

Current Account
£1 plus	0.50	0.50	0.40

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.

Commercial foreign exchange (CFX) from Raphaels Bank is one of the premier specialist providers of global currency transaction services for business, trade finance and Private Clients

Raphaels Bank is a registered trading name of R Raphael & Sons plc - Raphaels Bank, Walton Lodge, Walton Street, Aylesbury, Buckinghamshire HP21 7QY
Tel: 01296 436661 Fax: 01296 423041 Email: info@raphael.co.uk

Authorised and regulated by the Financial Services Authority