PREMIER LIFE BANK ACCOUNT

Key benefits:

• Agreed overdrafts up to £1,000, free of interest and fees.
• Preferential 12.9% EAR typical variable‡ on agreed overdrafts over the interest-free limit
• The support of a Premier team.
• A Premier-exclusive call centre available 24 hours a day, 7 days a week.
• Exclusive Premier Connect debit card with a daily withdrawal limit up to £750 a day* from cash machines – that’s two-and-half times our standard amount.
• Instant withdrawal of up to £2,500 against cheques as soon as you pay them in. No need to wait for the funds to clear**.
• A Premier Online Banking service to manage your accounts.

View the Premier Life account terms and conditions.

Premier Life bank account interest rates
The following interest rates are effective from 2 March 2009 and are variable. Interest is paid monthly.

‡ Overdrafts are subject to status and application. EAR stands for Equivalent Annual Rate. All overdrafts are repayable on demand.
 
* Subject to funds and individual machine limits.
 
** Cheques returned unpaid however will be debited from your account.
 
†† Figures assume Bank of England Bank Rate to be 0.50% (correct at date of print 07 09 2009). Premier Life Accounts with a balance of £25,000 or more, receive an interest rate that tracks below Bank of England Bank Rate by a guaranteed percentage rate, see above. Bank of England Bank Rate is variable. When Bank of England Bank Rate is 1.75% or below, interest may not be paid.

Bank of England Bank Rate is currently 0.50% and therefore no interest is being paid under the account terms. In the event that Bank of England Bank Rate increases to the extent that credit interest is due and payable under the account terms, the ‘tracking’ interest rates will apply from that time.

Our interest rates explained
Gross rate – ‘Gross’ is the rate of interest payable before the deduction of income tax. Interest is payable gross to non-taxpayers subject to their providing the required certification.
p.a. – Per annum.
AER – annual equivalent rate – what the interest rate would be if interest was paid and compounded once a year.
Net rate – ‘Net’ is the rate payable after the deduction of lower-rate income tax (which may be reclaimed by non-taxpayers). As the rate of income tax may vary, the net rate is given for illustration only and has been rounded to two decimal places.
Tax-free – Indicates that interest is exempt from UK income tax, provided all ISA conditions are met. The level and basis of tax can change and the value of tax relief depends on the individual tax-payer.

† Open 24 hours a day, 7 days a week. To maintain a quality service, we may monitor or record phone calls. See call charges info.

Premier Life comes with a monthly fee of £25.00. If you meet the eligibility criteria below the monthly fee is discounted to £17.50. Otherwise our standard fee applies.

• I am a UK resident
• I earn £100,000+, OR 
• I earn £60,000+ and I am either less than 35 years old or hold a business relationship with Barclays, OR 
• I have £50,000+ to invest through Barclays