Saving & deposit options
Clients' Monies
Useful information
Bonus Reserve
Instant access savings account -
with a quarterly bonus
Saving for business opportunities or future obligations makes sense with Bonus Reserve. You might want to deposit funds to pay your VAT, Income Tax or Corporation Tax bills. Or perhaps you need instant access to funds for opportunities that come up. Either way, we reward you for your efforts.
Open a new Bonus Reserve account between 22 September and 24 December 2008 and if you are an existing Royalties Business Account holder you'll get an additional 2% p.a. (Gross) bonus on your balance for 6 months (from 7 January to 6 July 2009) or an additional 1% p.a. (Gross) bonus for existing Business Current Account holders over the same period.
A conditional bonus interest of 1% (Gross pa) paid quarterly as standard, if you make no more than one withdrawal per quarter.
Bonus Reserve benefits
- Bonus interest - a bonus of up to 1% (gross per annum) is paid at a rate of 0.25% per quarter if no more than one withdrawal is made in that quarter
- Instant access - get your funds when you need them
- Save more, earn more - tiered rates of interest reward you for saving
- Quarterly interest - calculated daily
- No minimum deposit - and a maximum of £2 million
- No charges - it costs nothing to run your Bonus Reserve account
Royalties Business Account holders
Bonus Reserve: Including introductory bonus and all standard quarterly interest bonuses for Royalties Business Account holders
| Amount | % Gross | % AER | % Net of Tax |
|---|---|---|---|
| £250,000 - £2,000,000 | 5.35 | 4.41 | 4.28 |
| £100,000 - £249,999 | 5.10 | 4.15 | 4.08 |
| £25,000 - £99,999 | 4.85 | 3.90 | 3.88 |
| £10,000 - £24,999 | 4.65 | 3.69 | 3.72 |
| £2,000 - £9,999 | 4.40 | 3.43 | 3.52 |
| £0 - £1,999 | 4.25 | 3.28 | 3.40 |
Please note: standard quarterly 1% p.a. gross bonus is payable when you make no more than one withdrawal per quarter.
Bonus Reserve: Including introductory bonus and excluding all standard quarterly interest bonuses for Royalties Business Account holders
| Amount | % Gross | % AER | % Net of Tax |
|---|---|---|---|
| £250,000 - £2,000,000 | 4.35 | 3.38 | 3.48 |
| £100,000 - £249,999 | 4.10 | 3.13 | 3.28 |
| £25,000 - £99,999 | 3.85 | 2.87 | 3.08 |
| £10,000 - £24,999 | 3.65 | 2.67 | 2.92 |
| £2,000 - £9,999 | 3.40 | 2.41 | 2.72 |
| £0 - £1,999 | 3.25 | 2.26 | 2.60 |
Business Current Account holders
Bonus Reserve: Including introductory bonus and all standard quarterly interest bonuses for Business Current Account holders
| Amount | % Gross | % AER | % Net of Tax |
|---|---|---|---|
| £250,000 - £2,000,000 | 4.35 | 3.90 | 3.48 |
| £100,000 - £249,999 | 4.10 | 3.64 | 3.28 |
| £25,000 - £99,999 | 3.85 | 3.39 | 3.08 |
| £10,000 - £24,999 | 3.65 | 3.18 | 2.92 |
| £2,000 - £9,999 | 3.40 | 2.93 | 2.72 |
| £0 - £1,999 | 3.25 | 2.77 | 2.60 |
Please note: standard quarterly 1% p.a. gross bonus is payable when you make no more than one withdrawal per quarter.
Bonus Reserve: Including introductory bonus and excluding all standard quarterly interest bonuses for Business Current Account holders
| Amount | % Gross | % AER | % Net of Tax |
|---|---|---|---|
| £250,000 - £2,000,000 | 3.35 | 2.88 | 2.68 |
| £100,000 - £249,999 | 3.10 | 2.62 | 2.48 |
| £25,000 - £99,999 | 2.85 | 2.37 | 2.28 |
| £10,000 - £24,999 | 2.65 | 2.16 | 2.12 |
| £2,000 - £9,999 | 2.40 | 1.91 | 1.92 |
| £0 - £1,999 | 2.25 | 1.76 | 1.80 |
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.
| Amount | Gross Rate % | AER% | Net Rate % |
|---|---|---|---|
| Bonus Reserve: Including all standard quarterly interest bonuses | |||
| £250,000 - £2,000,000 | 3.35 | 3.39 | 2.68 |
| £100,000 - £249,999 | 3.10 | 3.14 | 2.48 |
| £25,000 - £99,999 | 2.85 | 2.88 | 2.28 |
| £10,000 - £24,999 | 2.65 | 2.68 | 2.12 |
| £2,000 - £9,999 | 2.40 | 2.42 | 1.92 |
| £0 - £1,999 | 2.25 | 2.27 | 1.80 |
| Bonus Reserve: Excluding all standard quarterly interest bonuses | |||
| £250,000 - £2,000,000 | 2.35 | 2.37 | 1.88 |
| £100,000 - £249,999 | 2.10 | 2.12 | 1.68 |
| £25,000 - £99,999 | 1.85 | 1.86 | 1.48 |
| £10,000 - £24,999 | 1.65 | 1.66 | 1.32 |
| £2,000 - £9,999 | 1.40 | 1.41 | 1.12 |
| £0 - £1,999 | 1.25 | 1.26 | 1.00 |
A conditional bonus interest of 1% (Gross pa) paid quarterly as standard, if you make no more than one withdrawal per quarter. | |||
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.
Introductory bonus is not available to existing Bonus Reserve account holders.