Saving & deposit options
Clients' Monies
Useful information
Business Instant Access Reserve
Everyday business savings
Whether you're saving towards a new acquisition or a VAT bill, Business Instant Access Reserve offers instant access to funds and guarantees competitive interest rates. You could also save on your personal mortgage.
Business Instant Access Reserve benefits
- Instant access - there are no withdrawal penalties
- No minimum balance - and a maximum balance of £2 million
- A simple, easy way to invest surplus funds - make your money work harder by sweeping excess funds from your Royal Bank of Scotland Business Current Account
- Save on your personal mortgage - if you're a sole trader or simple partnership, the money in your business savings and current account could reduce your personal mortgage payments. More about Business Offset Service
- Quarterly interest - calculated daily
- No charges - it costs nothing to run your Business Instant Access Reserve account
| Amount | Gross Rate % p.a. | AER% | Net Rate % p.a. |
|---|---|---|---|
| £250,000 - £2,000,000 | 0.50 | 0.50 | 0.40 |
| £100,000 - £249,999 | 0.40 | 0.40 | 0.32 |
| £25,000 - £99,999 | 0.40 | 0.40 | 0.32 |
| £10,000 - £24,999 | 0.30 | 0.30 | 0.24 |
| £2,000 - £9,999 | 0.30 | 0.30 | 0.24 |
| £0 - £1,999 | 0.30 | 0.30 | 0.24 |
Gross rate - is the interest rate paid before the deduction of tax.
Annual Equivalent Rate (AER) - illustrates what the interest rate would be if paid and compounded each year.
Net Rate - is the interest rate paid after deduction of tax.