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Corporate Money Market Account
Improving your interest, minimising your daily involvement
With The Royal Bank of Scotland Corporate Money Market Account, you may be able to improve the interest you receive on balances - and minimise your daily involvement.
The rates on our Corporate Money Market Account are regularly reviewed against a basket of money market rates, so there's no need to keep a close track on fluctuations. The need to switch funds between accounts also becomes unnecessary because of our automatic transfer facility.
So your organisation can look forward to money market returns, as well as instant access to funds.
Rates
- Rates - we review our rates weekly against a basket of short-term money market interest rates
- Banded interest rates - the more held on deposit, the higher the rate of interest it will earn
- Interest calculated daily - interest will be calculated every day on cleared funds and credited quarterly
Flexibility
- Instant access - funds can be accessed immediately and at no cost
- No minimum balance - and a maximum balance of £5 million
- Get more from your balance - by using our automatic transfer facility, it's easy to maximise returns
- No barriers to entry - your company doesn't have to be an existing customer to open a Corporate Money Market Account
New rates with effect from 12/12/2008
| Balances | Gross Rate per annum (%) | AER* (%) |
|---|---|---|
| 2,000,000 - 5,000,000 | 1.25 | 1.26 |
| 1,000,000 - 1,999,999 | 0.92 | 0.92 |
| 500,000 - 999,999 | 0.65 | 0.65 |
| 250,000 - 499,999 | 0.41 | 0.41 |
| 100,000 - 249,999 | 0.30 | 0.30 |
| 25,000 - 99,999 | 0.20 | 0.20 |
| 0 - 24,999 | 0.20 | 0.20 |
Gross 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.
The rates were correct when they were published on the internet, but they may change at any time.
The interest paid will reflect UK law and the regulations governing deduction of income tax from interest earned.