Demo rate card0.00% credit interest; £6.00 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 | Business current account |
| Rate, reward or charge | 0.00% credit interest; £6.00 monthly account fee |
| Opening / maximum balance | £0.00 to £250,000.00 |
| Access | Routine business payment scenarios; no real transfers or merchant services |
| Eligibility in the scenario | A fictional sole trader or small woodland business with an adult operator |
| Fees | £6.00 per month |
| Currency | GBP (£), used solely for fictional calculations |
Branch Out Business questions
What is Branch Out Business for?
A separate ledger for invoices, stock and the question of whether eaten inventory counts as a sale. The model charges £6 a month and pays no interest, so the cost of a quiet trading year stays visible. Its story purpose is separating a woodland stall’s takings from personal spending. Everything on this site is fictional; nothing can be applied for.
Does Branch Out Business pay interest?
0.00% credit interest in the model. It is a ledger for movements, not a place for money to grow.
What does Branch Out Business cost?
£6 a month in the model, £72 over a quiet year. Borrowing on the linked overdraft is charged separately.
Can I make real payments from Branch Out Business?
No. Payment scenarios are stories; no real transfer, card or merchant service exists.
Current accounts questions
Shared across the whole range.
Which current account should I use for personal spending?
In the story, Acorn Everyday. It pays no interest and charges no fee; its job is tracking movements. Branch Out Business is the ledger for a woodland stall and charges £6 a month.
Does a current account pay interest?
No. Both current accounts pay 0.00% credit interest in the model. Money meant to earn something belongs in the savings range.
How much does the overdraft cost?
Overdreyft Buffer charges 29.9% EAR (variable) on borrowing above a £50 interest-free buffer. A £500 shortfall for 30 days costs a few pounds; a lingering one costs much more. The product page shows 7, 30 and 90 days.
Can I make real payments from these accounts?
No. Payment scenarios are stories. There is no payee list, sort code or card that moves real money.
Where are the credit cards?
In their own range, so each card’s reward or offer can be shown next to its borrowing cost.
Branch Out Business is business current account in the Current accounts range, used for separating a woodland stall’s takings from personal spending. Its live rate card, summary and worked tables sit above this text and update whenever the product record changes.
Frequently asked squeaks
The questions and answers on this page come from AcornBank’s single shared FAQ collection, so the same wording appears here, on the Current accounts hub and in the full FAQ list. Every answer is about a fictional product: 0.00% credit interest; £6.00 monthly account fee is a demo figure and nothing can be applied for. The summary and worked figures below give the numbers the answers refer to.
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
- Branch Out Business — Compare the Canopy
- Branch Out Business — Fictional Product Terms
AcornBank: entirely fictional banking, exceptionally committed squirrels.