Rates and charges

Current accounts

Business Account Schools Account

Currency accounts

Currency Interest Reference Rates

Deposit accounts

Business Instant Access Business 30 Day Notice

Client Accounts

Clients Call Account Designated Client

Accounts not available to new customers

E-Business Deposit Account Designated Client (Quarterly Interest) Commercial Business Savings Account Commercial Instant Reserve Account Commercial Premium Deposit Account Commercial Instant Access Commercial 30 Day Notice Commercial Call Business 30 Day Reserve Account Business Bonus Account: Instant Rates Business Bonus Account: 30 Day Rates Business Bonus Account: 90 Day Rates Business Investment Account Business Pension Fund Cheque Account HOBS Account Total Business Account 1 Total Business Account 2 Total Business Account 3 Total Business Account 4 Treasury Cheque Account

SME accounts (not available to new customers)

SME Bonus Account - Instant Rates SME Bonus Account - 30 Day Rate SME Bonus Account - 60 Day Rate SME Business Bonus Account - Instant Rate SME Business Bonus Account - 30 Day Bonus Rate SME Business Bonus Account - 90 Day Bonus Rate SME E-Business Deposit Account SME 30 Day Reserve Account SME Business Investment Account SME HOBS Investment Account

Raising finance

Overdraft - Variable rate of interest Business Loan - Interest Interest only or repayment

General

Explanatory Notes

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Current accounts

Business Account

Credit interest is not paid as standard on a Business Current Account.

Find out more about a Business Account.

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Schools Account

The table below shows interest rates paid monthly for Schools account.

Balance	AER %	Gross %
£1+	0.10	0.10

Rates effective from 12th September 2011.

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Currency accounts

Currency Interest Reference Rates

For information on the Currency Interest Reference Rates see the Foreign currency interest rate guide.

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Deposit accounts

Business Instant Access

Balance	AER %	Gross %
£1,000,000 and above	0.05	0.05
£250,000 to £999,999	0.05	0.05
£100,000 to £249,999	0.05	0.05
£50,000 to £99,999	0.05	0.05
Under £50,000	0.05	0.05

Rates effective from 13th April 2010.

This product is not linked to the Reference Rate.

In line with the product Terms and Conditions customers will be contacted should the rate on this product change.

Find out more about a Business Instant Access Account

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Business 30 Day Notice

Balance	AER %	Gross %
£1,000,000 and above	0.05	0.05
£250,000 to £999,999	0.05	0.05
£50,000 to £249,999	0.05	0.05
£10,000 to £49,999	0.05	0.05
Under £10,000	0.05	0.05

Rates effective from 13th April 2010.

This product is not linked to the Reference Rate.

In line with the product Terms and Conditions customers will be contacted should the rate on this product change.

Find out more about a Business 30 Day Notice Account

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Client Accounts

Clients Call Account

Balance	AER %	Gross %
£1,000,000 and above	0.10	0.10
£250,000 to £999,999	0.10	0.10
£100,000 to £249,999	0.10	0.10
£50,000 to £99,999	0.10	0.10
£1 to £49,999	0.10	0.10

Rates effective from 12th September 2011.

This product is not linked to the Reference Rate.

In line with the product Terms and Conditions customers will be contacted should the rate on this product change.

Find out more about a Clients Call Account

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Designated Client

Balance	AER %	Gross %
£100,000 and above	0.10	0.10
£1 to £99,999	0.10	0.10

Rates effective from 12th September 2011.

This product is not linked to the Reference Rate.

In line with the product Terms and Conditions customers will be contacted should the rate on this product change.

Find out more about a Designated Client

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Accounts not available to new customers

E-Business Deposit Account

Balance	AER %	Gross %	Link to Reference Interest Rate %*
£100,000 and above	0.10	0.10	-1.20
£25,000 to £99,999	0.10	0.10	-1.85
£10,000 to £24,999	0.10	0.10	-2.10
£2,500 to £9,999	0.10	0.10	-2.35
Under £2,500	0.10	0.10	-2.60

Rates effective from 5th March 2009.

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Designated Client (Quarterly Interest)

Balance	AER %	Gross %
£100,000 and above	0.10	0.10
£1 to £99,999	0.10	0.10

Rates effective from 12th September 2011.

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Commercial Business Savings Account

Balance	AER %	Gross %
£1 and above	0.10	0.10

Rates effective from 12th September 2011.

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Commercial Instant Reserve Account

Balance	AER %	Gross %
£1 and above	0.75	0.75

Rates effective from 12th September 2011.

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Commercial Premium Deposit Account

Balance	AER %	Gross %
£1 and above	0.75	0.75

Rates effective from 12th September 2011.

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Commercial Instant Access

Balance	AER %	Gross %
£1 and above	0.50	0.50

Rates effective from 12th September 2011.

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Commercial 30 Day Notice

Balance	AER %	Gross %
£1,000,000 and above	0.10	0.10
£250,000 to £999,999	0.10	0.10
£100,000 to £249,999	0.10	0.10
£10,000 to £99,999	0.10	0.10
£1 to £9,999	0.10	0.10

Rates effective from 12th September 2011.

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Commercial Call

Balance	AER %	Gross %
£1,000,000 and above	0.10	0.10
£500,000 to £999,999	0.10	0.10
£250,000 to £499,999	0.10	0.10
£5,000 to £249,999	0.10	0.10
£1 to £4,999	0.10	0.10

Rates effective from 12th September 2011.

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Business 30 Day Reserve Account

Balance	AER %	Gross %	Link to Reference Interest Rate %*
£5,000,000 and above	0.10	0.10	-0.65
£1,000,000 to £4,999,999	0.10	0.10	-0.75
£500,000 to £999,999	0.10	0.10	-0.85
£250,000 to £499,999	0.10	0.10	-1.00
£100,000 to £249,999	0.10	0.10	-1.20
£50,000 to £99,999	0.10	0.10	-1.60

Rates effective from 5th March 2009.

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Business Bonus Account: Instant Rates

Balance	AER %	Gross %	Link to Reference Interest Rate %*
£100,000 and above	0.10	0.10	-2.10
£50,000 to £99,999	0.10	0.10	-2.35
£25,000 to £49,999	0.10	0.10	-2.35
£10,000 to £24,999	0.10	0.10	-2.50
£2,500 to £9,999	0.10	0.10	-2.70
Under £2,500	0.10	0.10	-2.70

Rates effective from 5th March 2009.

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Business Bonus Account: 30 Day Rates

Balance	AER %	Gross %	Link to Reference Interest Rate %*
£100,000 and above	0.15	0.15	-2.00
£50,000 to £99,999	0.15	0.15	-2.25
£25,000 to £49,999	0.15	0.15	-2.25
£10,000 to £24,999	0.15	0.15	-2.40
£2,500 to £9,999	0.15	0.15	-2.60
Under £2,500	0.15	0.15	-2.60

Rates effective from 5th March 2009.

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Business Bonus Account: 90 Day Rates

Balance	AER %	Gross %	Link to Reference Interest Rate %*
£100,000 and above	0.20	0.20	-1.60
£50,000 to £99,999	0.20	0.20	-1.85
£25,000 to £49,999	0.20	0.20	-1.85
£10,000 to £24,999	0.20	0.20	-2.00
£2,500 to £9,999	0.20	0.20	-2.20
Under £2,500	0.20	0.20	-2.20

Rates effective from 5th March 2009.

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Business Investment Account

Balance	AER %	Gross %	Link to Reference Interest Rate %*
£100,000 and above	0.10	0.10	-4.40
£50,000 to £99,999	0.10	0.10	-4.40
£25,000 to £49,999	0.10	0.10	-4.40
£0 to £24,999	0.10	0.10	-4.40

Rates effective from 5th March 2009.

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Business Pension Fund Cheque Account

Balance	AER %	Gross %	Link to Reference Interest Rate %*
£1,000,000 and above	0.30	0.30	-0.20
£100,000 to £999,999	0.10	0.10	-0.40
£50,000 to £99,999	0.10	0.10	-0.50
Under £50,000	0.10	0.10	-1.00

Rates effective from 5th March 2009.

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HOBS Account

Balance	AER %	Gross %	Link to Reference Interest Rate %*
£1,000,000 and above	0.10	0.10	-1.05
£100,000 to £999,999	0.10	0.10	-1.30
£50,000 to £99,999	0.10	0.10	-2.00
£25,000 to £49,999	0.10	0.10	-2.45
Under £25,000	0.10	0.10	-2.45

Rates effective from 5th March 2009.

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Total Business Account 1

	AER %	Gross %	Link to Reference Interest Rate %
After 12 months from account opening	0.00	0.00	-1.00

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Total Business Account 2

	AER %	Gross %	Link to Reference Interest Rate %
First 12 months from account opening	0.75	0.75	0.25
Between 12 and 36 months from account opening	0.50	0.50	0.00
After 36 months from account opening	0.00	0.00	-0.75

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Total Business Account 3

(Opened before 19/01/09)	AER %	Gross %	Link to Reference Interest Rate %
After 12 months from account opening	0.00	0.00	-1.00

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Total Business Account 4

For details of your current interest rates, please contact your relationship manager.

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Treasury Cheque Account

Balance	AER %	Gross %	Link to Reference Interest Rate %*
£1,000,000 and above	0.00	0.00	-0.55
£500,000 to £999,999	0.00	0.00	-0.75
£100,000 to £499,999	0.00	0.00	-1.25
£50,000 to £99,999	0.00	0.00	-1.40

Rates effective from 5th March 2009.

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SME accounts (not available to new customers)

SME Bonus Account - Instant Rates

Balance	AER %	Gross %	Link to Reference Interest Rate %*
£5,000,000 and above	0.10	0.10	-0.55
£2,500,000 to £4,999,999	0.10	0.10	-0.60
£1,000,000 to £2,499,999	0.10	0.10	-0.65
£500,000 to £999,999	0.10	0.10	-0.80
£100,000 to £499,999	0.10	0.10	-0.95
£0 to £99,999	0.10	0.10	-1.65

Rates effective from 5th March 2009.

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SME Bonus Account - 30 Day Rate

Balance	AER %	Gross %	Link to Reference Interest Rate %*
£5,000,000 and above	0.15	0.15	-0.50
£2,500,000 to £4,999,999	0.15	0.15	-0.55
£1,000,000 to £2,499,999	0.15	0.15	-0.60
£500,000 to £999,999	0.15	0.15	-0.75
£100,000 to £499,999	0.15	0.15	-0.90
£0 to £99,999	0.15	0.15	-1.60

Rates effective from 5th March 2009.

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SME Bonus Account - 60 Day Rate

Balance	AER %	Gross %	Link to Reference Interest Rate %*
£5,000,000 and above	0.20	0.20	-0.45
£2,500,000 to £4,999,999	0.20	0.20	-0.50
£1,000,000 to £2,499,999	0.20	0.20	-0.55
£500,000 to £999,999	0.20	0.20	-0.70
£100,000 to £499,999	0.20	0.20	-0.85
£0 to £99,999	0.20	0.20	-1.55

Rates effective from 5th March 2009.

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SME Business Bonus Account - Instant Rate

Balance	AER %	Gross %	Link to Reference Interest Rate %*
£100,000 and above	0.10	0.10	-1.00
£50,000 to £99,999	0.10	0.10	-1.75
£25,000 to £49,999	0.10	0.10	-1.80
£10,000 to £24,999	0.10	0.10	-2.05
£2,500 to £9,999	0.10	0.10	-2.30
Under £2,500	0.10	0.10	-2.45

Rates effective from 5th March 2009.

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SME Business Bonus Account - 30 Day Bonus Rate

Balance	AER %	Gross %	Link to Reference Interest Rate %*
£100,000 and above	0.15	0.15	-0.85
£50,000 to £99,999	0.15	0.15	-1.60
£25,000 to £49,999	0.15	0.15	-1.65
£10,000 to £24,999	0.15	0.15	-1.90
£2,500 to £9,999	0.15	0.15	-2.15
Under £2,500	0.15	0.15	-2.30

Rates effective from 5th March 2009.

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SME Business Bonus Account - 90 Day Bonus Rate

Balance	AER %	Gross %	Link to Reference Interest Rate %*
£100,000 and above	0.20	0.20	-0.70
£50,000 to £99,999	0.20	0.20	-1.45
£25,000 to £49,999	0.20	0.20	-1.50
£10,000 to £24,999	0.20	0.20	-1.75
£2,500 to £9,999	0.20	0.20	-2.00
Under £2,500	0.20	0.20	-2.15

Rates effective from 5th March 2009.

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SME E-Business Deposit Account

Balance	AER %	Gross %	Link to Reference Interest Rate %*
£100,000 and above	0.10	0.10	-0.95
£50,000 to £99,999	0.10	0.10	-1.65
£25,000 to £49,999	0.10	0.10	-1.75
£5,000 to £24,999	0.10	0.10	-2.00
Under £5,000	0.10	0.10	-2.20

Rates effective from 5th March 2009.

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SME 30 Day Reserve Account

Balance	AER %	Gross %	Link to Reference Interest Rate %*
£5,000,000 and above	0.10	0.10	-0.40
£2,500,000 to £4,999,999	0.10	0.10	-0.45
£1,000,000 to £2,499,999	0.10	0.10	-0.50
£500,000 to £999,999	0.10	0.10	-0.65
£100,000 to £499,999	0.10	0.10	-0.80
£50,000 to £99,999	0.10	0.10	-1.50
Under £50,000	0.10	0.10	-2.00

Rates effective from 5th March 2009.

You can make withdrawals at no charge to your nominated account providing you give 30 days' notice. However, access is available earlier by paying an early access fee which is £10 per £10,000 withdrawn.

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SME Business Investment Account

Balance	AER %	Gross %	Link to Reference Interest Rate %*
£1,000,000 and above	0.10	0.10	-1.30
£500,000 to £999,999	0.10	0.10	-1.55
£100,000 to £499,999	0.10	0.10	-2.30
£25,000 to £99,999	0.10	0.10	-3.40
Under £25,000	0.10	0.10	-3.95

Rates effective from 5th March 2009.

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SME HOBS Investment Account

Balance	AER %	Gross %	Link to Reference Interest Rate %*
£1,000,000 and above	0.10	0.10	-1.05
£100,000 to £999,999	0.10	0.10	-1.30
£50,000 to £99,999	0.10	0.10	-2.00
£25,000 to £49,999	0.10	0.10	-2.45
Under £25,000	0.10	0.10	-2.45

Rates effective from 5th March 2009.

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Raising finance

Overdraft - Variable rate of interest

The interest rate on a Direct Business Cheque Account, Business Account or Business Current Account overdraft is negotiable if arranged and is linked to Bank of England Base Rate. If it is not prearranged, the rate is 23%.

Find out more about an Overdraft

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Business Loan - Interest

Interest rates can be fixed at the outset so they remain constant throughout the period of the loan. Alternatively, you can have a Fluctuating Rate Loan where changes in the Bank of England Base Rate affect the rate on the loan. Other options are available which we will be happy to discuss with you.

Find out more about a Business Loan

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Interest only or repayment

You can have the traditional repayment system, where capital is paid back throughout the life of the loan. Or you can go for interest-only, although you will need to set up a parallel investment that can pay off the capital at the end of the loan period.

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General

Explanatory Notes

The Annual Equivalent Rate (AER) represents the annual rate effectively received by the customer if interest at the gross rate applied during a year remained in the account and itself earned interest. As every advert for a savings product where a rate is displayed will contain an AER, you will be able to compare more easily what return you can expect from your savings over time.

Gross - the rate of interest paid without deduction of tax to eligible non-taxpayers:

• incorporated bodies such as limited companies, pension funds, charities, churches, societies, associations, clubs
• individuals not ordinarily resident in the UK who have completed the necessary Inland Revenue declaration
• non-taxpaying UK residents who have completed an Inland Revenue form R85 and lodged it with Bank of Scotland. Form R85 and an Inland Revenue explanatory leaflet (IR110) are available from all Bank of Scotland branches and from Direct Customer Services.

For customers with joint accounts for two persons, where one person can complete form R85 to have interest paid gross but the other person cannot, Bank of Scotland is offering the facility to have 50% of the interest paid gross and 50% paid net. All Bank of Scotland branches and Bank of Scotland Banking Direct will give further information on this facility.

Current comparative interest rate information can be found on the British Bankers Association website. www.bba.org.uk.

*Where the interest rate applicable to the Product due to a fall in the Reference Interest rate falls below 0%, the Bank may change the rate so that it remains at 0% or above. The replacement rate will apply until the Reference Rate increases and the usual rate applicable to the Product at that time rises to or above 0% gain.

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