Personal Finances
Current Account Interest Rates
Interest rates effective
from 01/12/2001
Key benefits of Royal Bank of Scotland current accounts
- Creditor interest paid monthly
- No fees on authorised overdrafts up to £15.000
- Debit / Cash cards can be used, free of charge, in almost every cash machine in Great
Britain.
- Access to cash machines worldwide which display Cirrus and Maestro logos
- Free1 telephone banking
- Free1 Internet banking service
- View recent current account rate changes
For information on Individual Products, click on the account of your choice.
Creditor Interest Rates
Overdraft Interest Rates
Type of Account |
Monthly % |
EAR % |
| Key Account |
N/A |
N/A |
| Interest Paying
Current Account |
1.38 |
17.90 |
| Royalties |
|
| Tiered rates |
|
| Below £1,000 |
1.05 |
13.2 |
| £1,000 -
£4,999 |
1.00 |
12.6 |
| £5,000 - and
over |
0.95 |
11.9 |
| Royalties Gold |
|
| Tiered
interests |
|
| Below £1,000 |
0.85 |
10.60 |
| £1,000 -
£4,999 |
0.80 |
9.90 |
| £5,000 - and
over |
0.75 |
9.30 |
| R21 Account |
1.25 |
16.0 |
Student Royalties
Tiered rates
1st year up to £1,250
2nd year up to £1,400
3rd year up to £1,600
4th year up to £1,800
5th year up to £2,000 |
Interest free
Then any authorised borrowing in excess of the agreed limit will normally be calculated at
a higher margin above the Bank’s Base Rate.
The unauthorised overdrafts are at the current account of 29.8% for the student account. |
| Graduate Royalties |
Unauthorised overdrafts:
A monthly fee of £20 (£10 for R21/Student Royalties/Graduate Royalties Accounts) is
payable on accounts which are overdrawn in excess of any agreed limit.
Any amount overdrawn in excess of the authorised overdraft limit will be charged at a rate
of 2.45% per month, which is equivalent to an effective annual rate of 33.7%
The Base Rate is 4.00% with effect from the 4th October 2001.
1 Call charges may apply
|
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