Our private banking services are usually available to clients with an individual gross salary of £75,000 or more, joint gross income of £100,000 or assets available to invest of £100,000. The account holder's salary must be paid into the account. A monthly fee for maintaining the account is payable for access to our private banking proposition.
These criteria may vary and are subject to discussion with your relationship manager.
For further details, please contact the Private Direct Team or your Private Relationship Manager.
|Bank of England base rate||Current
|Changed on 19th March 2020, effective from 20th March 2020||
|Credit interest rates||Current gross *
|Current AER*** %|
|Current account tracker and private current account|
|On all balances ‡||
|Private savings account ‡|
|£1,000,000 and over||
|£500,000 - £999,999||
|£0 - £499,999||
‡ The gross rate of interest payable is 1.0% below Bank of England base rate. The minimum gross rate of interest payable on this account is 0.2%
‡‡ The gross rate of interest is linked to Bank of England base rate as detailed below. However, at this time of historically low rates, we are currently paying higher rates of interest on some tiers. This is subject to change at any time.
Changes in the Bank of England base rate may be changed at any time, will normally be applied on the same or the next business day and will be notified in accordance with the Personal and Private Banking account terms and conditions.
Arranged and Unarranged Overdraft
|Debit interest rates||Per annum (Variable).||EAR%|
|Current Account Tracker and Private Current Account|
Rate of interest - 13.97% per annum (variable)
Total amount of credit - £1,200
Representative APR - 41.57% variable
A representative APR is the rate you may pay and is designed to let you compare costs with other credit products, taking into account that you may pay interest on interest and includes any fees which apply. If no fees apply, the APR will be the same as the EAR. APRs are variable and may change. The maximum rate offered will be 41.57%. Your rate will apply to both Arranged and Unarranged borrowing and will be advised upon successful application.
* This example is for illustration purposes only.
As an example, if you borrow £500 it will cost you:
|7 days||30 days||60 days|
Flexible Repay / Rapid Repay (Off Sale Product)
The Arranged Overdraft interest rate is your mortgage rate shown in your mortgage offer document.
|Credit interest rates||Current gross* rate %||Current AER*** %|
|On all balances||
|Help to Buy: ISA||Rates quoted applies to both Tax Free**** & AER+ pa %|
|£1 and over||
|Flexi Cash ISA||Rates quoted applies to both Tax Free**** & AER+ pa %|
|£1 and over||
|Cash ISA fixed rate bond||Current tax free**** rate (%p.a)||Current AER*** %|
|Issue 39 (maturity date 31st May 2022)||1.25||1.25|
|Issue 40 (maturity date 30th July 2021)||1.80||1.80|
|Issue 50 (maturity 28th February 2022)||1.81||1.81|
|Issue 54 (maturity 31st May 2022)||1.81||1.81|
|Issue 60 (maturity 31st May 2023) Available to maturing Issue 28 & 45 customers||1.15||1.15|
|Issue 61 (maturity 31st July 2023) Available to maturing Issue 41 customers||1.00||1.00|
|Issue 62 (maturity 30th July 2021) Available to maturing Issue 41 customers||0.75||0.75|
|Issue 63 (maturity 31st August 2021) Available to maturing Issue 53 customers||0.60||0.60|
|Issue 64 (maturity 31st August 2023) Available to maturing Issue 53 customers||0.75||0.75|
|Issue 65 (maturity 29th October 2021) Available to maturing Issue 46 customers||0.60||0.60|
|Issue 66 (maturity 30th November 2021) Available to maturing Issue 55 customers||0.60||0.60|
|Issue 67 (maturity 31st January 2022) Available to maturing Issue 43 customers||0.50||0.50|
|Issue 68 (maturity 28th February 2022) Available to maturing Issue 49 and 56 customers||0.50||0.50|
|Issue 69 (maturity 29th April 2022) Available to maturing Issues 32, 57 & 58 customers||0.35||0.35|
|Issue 70 (maturity 31st May 2022) Available to maturing Issue 59 customers||0.35||0.35|
*Gross rate - Gross rate interest is the interest payable without taking account of any tax payable. From 6th April 2016 we will no longer deduct tax from the interest earned on your savings, following the introduction of a Personal Savings Allowance. If you earn interest over your Personal Savings Allowance you will be required to pay any tax due yourself directly to HM Revenue and Customs. If you would like to read more about your Personal Savings Allowance, please visit the Government website www.gov.uk.
***AER. stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
****Tax free means interest payable is exempt from income tax.
The Effective Annual Rate (EAR) is the cost of borrowing on current accounts. This takes into account the rate of interest charged, how often it’s charged and the fact that if interest is not paid, you'll pay interest on interest. The EAR can change.
Important information about compensation arrangements.
Eligible deposits with Clydesdale Bank PLC (of which Clydesdale Bank and Yorkshire Bank are both trading names) are protected by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. Further information can be found on the FSCS website www.fscs.org.uk.
Clydesdale Bank and Yorkshire Bank are trading names of Clydesdale Bank PLC. As both banks are part of the one and same authorised entity the FSCS compensation limit applies to deposits help across both brands.