BasePLUS

Optimum returns on surplus funds with minimum effort

• You're guaranteed to receive the best rate on balances over £1 – our Base Rate or Bank of Scotland Managed Rate* – whichever is the higher
• The minimum deposit for this product is £1
• Flexibility as funds can be withdrawn with 7 days' notice
• Easy access to rate information by weekly email, publication on this website, and a dedicated telephone line
• Account details can be viewed through our Corporate Online service
• Monthly statement allows you to keep track of your funds

A revolutionary deposit product

Bank of Scotland's BasePLUS account is a revolutionary deposit product designed to allow you to maximise your interest, whatever the market conditions, without the need to transfer between accounts.

You'll be able to maximise returns from your surplus funds with minimum effort and full peace of mind. With a minimum deposit of £1 you are guaranteed to receive the best rate – our Base Rate or Managed Rate* (which reflects prevailing market conditions) – whichever is higher.

For details of our current interest rates, see below.

Key features

• Initial deposit of £1 required
• Maximum deposit of £50m
• Interest accrues daily and is paid on the last business day of each month
• Interest will be credited to your BasePLUS account, unless you opt to have this credited to another account nominated by you

How BasePLUS works

Available to most commercial enterprises including those in not-for-profit sectors, with a minimum deposit of £1, this account allows free withdrawals to a nominated account. And, because your funds are not tied in for the longer term, but can be withdrawn with 7 days' notice, BasePLUS offers you flexibility as well as peace of mind.

A monthly statement allows you to keep track of your funds. There is also easy access to interest rates by a weekly email, publication on the Corporate website or through our dedicated telephone line, 0845 603 2408†.

With a guaranteed minimum yield in line with Base Rate, coupled with the benefits of any increase which money market rates may provide, you'll no longer need to spend time actively managing your surplus funds, creating even greater efficiencies for your business and making your life easier.

Each week on a Thursday, the rate of interest paid to BasePLUS customers will be reviewed. This rate will operate for 7 days, from 9am on Thursday to 5pm on Wednesday and details will be available to all existing customers.

You will be advised of the interest rates by weekly email and this information will also be available on this site or by calling our dedicated telephone line. Interest will be paid on the full account balance.

BasePLUS Rates

Further information

For more details on what BasePLUS can offer your business, please contact our Specialist Deposit Services team on 0845 603 2408†.

*Bank of Scotland Managed Rate – a rate set by the bank on a 7-day cycle based on prevailing market conditions.

Maximum deposit £50 million. Higher amounts to be reviewed and accepted at the Bank's discretion.