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.
Acorn Everyday against the rest of current accounts
| Feature | Acorn EverydayNO MONTHLY FEE · NO INTEREST | Branch Out Business£6 MONTHLY FEE · NO INTEREST | Overdreyft Buffer29.9% EAR · FIRST £50 FREE |
|---|---|---|---|
| Type | Current account | Business current account | Arranged overdraft |
| Rate, reward or charge | 0.00% credit interest; £0.00 monthly account fee | 0.00% credit interest; £6.00 monthly account fee | 29.9% EAR (variable), with the first £50.00 interest-free |
| Minimum | £0.00 | £0.00 | £0.00 |
Acorn Everyday in charts
The same fictional model as the tables below, drawn rather than written. Hover or focus a mark for its value, or open the table view.
- Credit interest
- £0.00
- Monthly fee
- £0.00
- Fees over a year
- £0.00
- Change to a £5,000 balance
- £0.00
A current account is a ledger, not a return; the chart-shaped facts are the fees.
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.
Understand the headline rate
Savings AER expresses annual interest including compounding where relevant; gross means before tax and tax-free means the demo ISA wrapper deducts none. APR and EAR describe borrowing costs on different stated bases. Cashback and 0% offers are perks on qualifying activity, not interest on a balance. Compare matching measures and read the assumptions below before comparing the numbers.
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 — Nutworthy Features
- Acorn Everyday — Which Squirrels Can Join?
AcornBank: entirely fictional banking, exceptionally committed squirrels.