Business interest rates
Rates and charges for Barclays Business accounts
Interest rates may change. The Bank of England Base Rate is 4.75%, which took effect on 7 November 2024.
The following interest rates are available to Barclays Business customers. You can find details of the Business Customer Agreement and full terms and conditions that relate to each account. You can also find out about the currency reference rates for accounts held in a foreign currency.
Interest is calculated daily on a 365 day year for accounts in Sterling and some currencies, and a 360 day year for accounts in US Dollar, Euro and other currencies. Details are available from us on request.
Deposit products available to Barclays Business customers
Business Premium Account
A deposit account with easy, same-day access available by transferring funds to your Business Current Account. Interest paid quarterly.
|
Balance |
Gross rate % |
AER % |
|---|---|---|
|
£1+ |
1.50 |
1.51 |
|
£1 million+ |
1.75 |
1.76 |
|
£10 million+ |
1.95 |
1.96 |
Upcoming interest rate decrease
The interest rate will go down on 19 December 2024. The new interest rate will be:
|
Balance |
Gross per year % |
AER % |
|---|---|---|
|
£1+ |
1.40% |
1.41% |
|
£1 million+ |
1.70% |
1.71% |
|
£10 million+ |
1.90% |
1.91% |
Clients Premium Account
An interest-bearing client account for businesses or bodies who hold clients’ funds with no charges for credits. Interest paid quarterly.
|
Balance |
Gross rate % |
AER % |
|---|---|---|
|
£1+ |
1.40 |
1.41 |
|
£1 million+ |
1.65 |
1.66 |
|
£10 million+ |
1.95 |
1.96 |
Upcoming interest rate decrease
The interest rate will go down on 19 December 2024. The new interest rate will be:
|
Balance |
Gross per year % |
AER % |
|---|---|---|
|
£1+ |
1.30% |
1.31% |
|
£1 million+ |
1.60% |
1.61% |
|
£10 million+ |
1.90% |
1.91% |
Barclays Treasury Deposits
Rates and minimum balance requirements available on request. At maturity for fixed deposits or on repayment for Call and Notice deposits, funds can be repaid to your Barclays current or deposit account.
Currency Business Premium Account
An interest-earning account that provides ready access to money and is available in a wide range of foreign currencies. Interest paid quarterly.
|
Currency type |
Balance |
Gross rate % |
AER % |
|---|---|---|---|
|
Australian Dollar (AUD) |
1+ |
0.25 |
0.25 |
|
Euro (EUR) |
1+ |
0.42 |
0.42 |
|
New Zealand Dollar (NZD) |
1+ |
0.13 |
0.13 |
|
South African Rand (ZAR) |
1+ |
2.50 |
2.52 |
|
US Dollar (USD) |
1+ |
0.54 |
0.54 |
Credit interest is not currently payable on the following currency types:
|
Canadian Dollar (CAD) |
Chinese Yuan (CNY) |
Czech Koruna (CZK) |
|
Danish Krone (DKK) |
Hong Kong Dollar (HKD) |
Japanese Yen (JPY) |
|
Norwegian Krone (NOK) |
Polish Zloty (PLN) |
Singapore Dollar (SGD) |
|
Swedish Krona (SEK) |
Swiss Franc (CHF) |
U.A.E Dirham (AED) |
Currency Clients Premium Account
A convenient account that simplifies the administration of your clients' funds, for both general and designated use, in a number of major non-sterling currencies. Interest is paid quarterly.
|
Currency type |
Balance |
Gross rate % |
AER % |
|---|---|---|---|
|
Australian Dollar (AUD)1 |
1+ |
0.25 |
0.25 |
|
Euro (EUR) |
1+ |
0.42 |
0.42 |
|
New Zealand Dollar (NZD) |
1+ |
0.13 |
0.13 |
|
South African Rand (ZAR) |
1+ |
2.50 |
2.52 |
|
US Dollar (USD) |
1+ |
0.54 |
0.54 |
1 Credit interest is only paid on these currencies if the account was opened before 20 August 2012.
Credit interest is not currently payable on the following currency types:
|
Currency type |
||
|---|---|---|
|
Canadian Dollar (CAD) |
Czech Koruna (CZK) |
Danish Krone (DKK) |
|
Hong Kong Dollar (HKD) |
Japanese Yen (JPY) |
Norwegian Krone (NOK) |
|
Polish Zloty (PLN) |
Singapore Dollar (SGD) |
Swedish Krona (SEK) |
|
Swiss Franc (CHF) |
U.A.E. Dirham (AED) |
|
Interest rates for Business current accounts no longer available
Barclays Business Current Account with Credit Interest
A business current account to meet all of your day to day banking requirements. Business customers (maximum annual sales revenue £25 million) can choose to earn credit interest on their business current account while paying standard Business Tariff.
Credit interest is paid monthly in arrears on all cleared balances at a rate 2.5% below the Bank of England Base Rate (‘Base Rate’).
|
Current rate |
||
|---|---|---|
|
Balance |
Gross rate % |
AER % |
|
£1+ |
2.25 |
2.27 |
Barclays Business Current Account: unauthorised-overdraft rate
If your Business Current Account goes overdrawn (where there isn’t an agreed overdraft on the account or in excess of an agreed overdraft), you will be charged unauthorised-overdraft interest at a rate of 29.5% per annum. Interest will be calculated on an unauthorised overdraft on a daily basis and you’ll be pre-notified at least 14 days before the interest charges are applied to your account in line with your charging period.
Barclays Business Currency Deposit Accounts: unauthorised-overdraft rate
If your currency deposit account goes overdrawn, you will be charged at the unauthorised-overdraft rate, which is currently 15% above the relevant reference rate for each currency, with the exception of the Currency Clients Premium Account. For the Currency Clients Premium Account, the unauthorised-overdraft rate is 29.5% per annum.
We advise changes to interest rates on these accounts in accordance with the provisions of the Business Customer Agreement.
Read more about our current currency reference rates.
General information
In accordance with UK tax legislation, from 6 April 2016 interest is paid gross. For UK resident individuals (including sole traders or partnerships), if you are a UK taxpayer you may have to pay tax on interest earned in excess of your Personal Savings Allowance. For information and guidance please refer to HMRC’s website.
The management of your tax affairs is your responsibility, including making any required declarations to the relevant tax authority(ies), where you are tax resident.