Demo rate card0.00% credit interest; £0.00 monthly account fee
The pound values and percentages on this page are invented AcornBank product terms, chosen for a realistic bank-style example. They are not current market offers, an invitation to deposit or invest money or a forecast of what a real bank will pay.
| Product detail | Demo terms |
|---|---|
| Account type | Current account |
| Rate, reward or charge | 0.00% credit interest; £0.00 monthly account fee |
| Opening / maximum balance | £0.00 to £100,000.00 |
| Access | Daily payment and transfer scenarios; no real payment service |
| Eligibility in the scenario | One adult aged 18 or over in the fictional AcornBank forest |
| Fees | No model account fee |
| Currency | GBP (£), used solely for fictional calculations |
Try your own numbers
Change the amounts to see what Acorn Everyday would do in the story. Fictional figures, no application, no advice.
- Fees over a year
- £0.00No monthly fee
- Balance after a quiet year
- £2,500.00
- Same money in Squirrel Saver
- £93.75Interest at the easy-access demo rate, for comparison.
A quiet year: what does the account cost?
| Starting balance | Annual interest | 12 monthly fees | Closing balance |
|---|---|---|---|
| £1,000.00 | £0.00 | £0.00 | £1,000.00 |
| £5,000.00 | £0.00 | £0.00 | £5,000.00 |
| £10,000.00 | £0.00 | £0.00 | £10,000.00 |
Assumptions: no incoming or outgoing payments, no borrowing, twelve monthly account fees and no interest. This is an account-cost illustration, not a savings-return table. A payment to another account moves money; it does not create a return. The balance is assumed large enough to cover every fee.
Acorn Everyday is current account in the Current accounts range, used for keeping everyday income and spending organised. Its live rate card, summary and worked tables sit above this text and update whenever the product record changes.
Adding money to the example
For savings, a deposit increases the principal from the time it arrives; it does not earn a full year of interest if it arrives halfway through the year. A fixed product accepts its single opening deposit only, and an ISA wrapper counts new money against the demo annual allowance. For investments, each contribution buys units at that month’s value. For borrowing products, paying money in is a repayment that reduces debt, not a savings deposit.
See the whole Current accounts range or compare every product on the rates page.
What the example does not promise
All figures are invented and shown to make the demo useful to read and crawl. No money is held, no application is available, and no deposit-protection, regulatory or tax-wrapper status is claimed. Calculations do not account for personal tax, inflation or unstated changes in rates. The fictional bank manager can guarantee only that the next paragraph contains no real acorns.
Related reading
- This Is a Fictional Bank — No Real Banking Here
- Site Map — Every Branch of AcornBank
- Rates — Savings, Borrowing and Rewards
- Help — Unruffle Your Tail
- Current Accounts — Everyday Banking for Busy Squirrels
- Acorn Everyday — Your First Imaginary Acorn
- Acorn Everyday — Fetching Your Fictional Stash
AcornBank: entirely fictional banking, exceptionally committed squirrels.