Many thanks to all the firms that took part in the recent survey into the rates which banks are paying on Clients Deposit and Designated Clients Deposit accounts.
A total of 7 firms responded to the Survey. Full details of the results in tabulated form have been circulated amongst the participants. Account was also taken of published rates where available.
The survey produced some interesting results (no pun intended). Clearly there is no “going rate” for individual banks as the rates paid often vary for any given bank.
The best rate achieved on Client Deposits was a commendable base rate + 1%.
The worst rate was not really a rate as it was a big fat 0%.
Designated Deposit rates varied from a market leading base + 0.5% to that depressing 0% again.
The Banks concerned are (in no particular order) :-
Lloyds TSB
Nat West
AIB (GB)
Bank of Ireland
Royal Bank of Scotland
Bank of Scotland
Barclays
