Business interest rates and charges
Our business banking interest rates and charges
Also see business credit card interest rates or business banking tariff.
| Clydesdale Bank base rate | Current % p.a. |
Previous % p.a. |
|---|---|---|
| Effective from 06th May 2022 |
|
|
| Bank of England base rate | Current % p.a. |
Previous % p.a. |
|---|---|---|
| Changed on 05th May 2022, Effective from 06th May 2022 |
|
|
Business lending
Interest rates charged for borrowing facilities are negotiable at the time of application and are normally based at a margin above our Bank base rate or Bank of England base rate (official bank rate). For further details you can contact our branches where bank staff will provide information on how interest is calculated. There is no charge for this explanation.
If however, we are requested to investigate a specific interest calculation there may be a charge for the time and cost involved in this investigation. Details of any charge, if applicable, will be advised to you at the time the service is requested.
Financial Services Compensation Scheme (FSCS)
Protecting your money
Your eligible deposits held by a UK establishment of Clydesdale Bank PLC are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.
This limit is applied to the total of any deposits you have with the following: Clydesdale Bank, Yorkshire Bank and Virgin Money. Any total deposits you hold above the limit between these brands are unlikely to be covered.
Please see FSCS leaflet download (Opens in a new window) for further information or visit www.fscs.org.uk
You can also refer to our FSCS Guide download (Opens in a new window) for more details.
You can find impartial information and guidance on money matters on the “Money advice service” website.
Clydesdale Bank is covered by the Financial Services Compensation Scheme (FSCS), Find out more.