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SME Current Account
Everything you need for daily business banking
Introducing a current account designed specifically for small and medium-sized enterprises.
The Royal Bank of Scotland SME Current Account features everything your company needs for daily business banking. It includes all the money transmission services you would look for in a current account.
And it is simple and straightforward to use, whether it is a vehicle for payments, loan proceeds or deposits.
Interest rates
The account will pay one flat rate of credit interest at 2.5% below Bank of England base rate (currently paying 2.5% p.a. Gross; 2.52% AER) on cleared credit balances, and is subject to a standard tariff.
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.
Tariffs
It is not our general policy to pay legal and valuation fee/charges on transfer of security.
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