Examples of Bank Base Rate in a sentence
The Cash Security Account shall accrue interest at the Bank Base Rate for each day from the day cash is deposited until it is returned to the Contracting Retailer, or the Contracting Wholesaler no longer has an obligation to return the cash deposited, whichever is later.
Should the Purchaser fail punctually to comply with the terms of payment, the Company shall be entitled to interest on any amount outstanding from the due date until the actual date of payment at the rate of 4% above the Barclays Bank Base Rate in force from time to time unless otherwise stated by the Company in writing at the time of ordering.
If you fail to pay the final Bill received after termination within 14 days of receipt, then we reserve the right to charge interest on the amount outstanding at 5% above the Barclays Bank Base Rate from the date on which payment was due.
Interest on a Plan 1 credit balance will accrue at the rate of RPI (or the Bank Base Rate plus 1% if this rate is less than RPI).
The low interest cap is currently in operation therefore the Plan 1 interest rate is set as the Bank Base Rate + 1%.