UK interest rates

Accounts for Private Clients

Current Account and Mortgage Reserve Account 
Private Reserve Account
90 Day Notice Account
Cash ISA

Deposit Accounts for Business Clients

Business Reserve Account
Clients' Reserve Account
30 Day Notice Account
60 Day Notice Account
90 Day Notice Account

Other Rates

Base Rate and borrowing rates

 

Accounts for Private Clients

Current Account and Mortgage Reserve Account

Previous		New
Gross rate pa	AER	Gross rate pa	AER
0.00%	0.00%	0.00%	0.00%

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Private Reserve 

	Previous		New
	Gross rate pa	AER	Gross rate pa	AER
£3m+	1.15%*	0.92%	0.65%*	0.65%
£1,000,000-£2,999,999	1.00%*	0.77%	0.50%*	0.50%
£500,000-£999,999	0.85%*	0.62%	0.45%*	0.45%
£250,000-£499,999	0.75%*	0.52%	0.45%*	0.45%
£100,000-£249,999	0.65%*	0.42%	0.45%*	0.45%
£50,000-£99,999	0.55%*	0.32%	0.40%*	0.40%
£1-£49,999	0.45%*	0.22%	0.40%*	0.40%

• Interest is paid on the whole balance where the balance is £1 or more.
• * Including Bonus Rate of 0.35% Gross, applicable for existing and new clients until further notice.
• Rates are applicable from 1 July 2009.

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90 Day Notice Account

	Previous		New
	Gross rate pa	AER	Gross rate pa	AER
£1+	1.65%	1.66%	2.05%	2.07%

• Interest is paid on the whole balance where the balance is £1 or more.
• 90 Days notice is required for each withdrawal.  If notice is not given, an interest penalty of 90 days on the amount withdrawn will be applied. 

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Cash ISA

Previous		New
Gross rate pa	AER	Gross rate pa	AER
0.50%	0.50%	0.25%	0.25%

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Deposit Accounts for Business Clients

Business Reserve Account

	Previous		New
	Gross rate pa	AER	Gross rate pa	AER
£1m+	0.20%	0.20%	0.20%	0.20%
£500,000-£999,999	0.20%	0.20%	0.10%	0.10%
£250,000-£499,999	0.20%	0.20%	0.10%	0.10%
£1-£249,999	0.10%	0.10%	0.10%	0.10%

• Interest is paid on the whole balance where the balance is £1 or more.

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Clients' Reserve Account

	Previous		New
	Gross rate pa	AER	Gross rate pa	AER
£1m+	0.20%	0.20%	0.20%	0.20%
£500,000-£999,999	0.20%	0.20%	0.10%	0.10%
£250,000-£499,999	0.20%	0.20%	0.10%	0.10%
£1-£249,999	0.10%	0.10%	0.10%	0.10%

• Interest is paid on the whole balance where the balance is £1 or more.

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30 Day Notice Account

	Previous		New
	Gross rate pa	AER	Gross rate pa	AER
£1m+	-	-	0.88%	0.88%
£500,000-£999,999	-	-	0.75%	0.75%
£250,000-£499,999	-	-	0.63%	0.63%
£1-£249,999	-	-	0.50%	0.50%

• Interest is paid on the whole balance where the balance is £1 or more.
• 30 Days notice is required for each withdrawal. If notice is not given, an interest penalty of 30 days on the amount withdrawn will be applied.

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60 Day Notice Account

	Previous		New
	Gross rate pa	AER	Gross rate pa	AER
£1m+	-	-	1.00%	1.00%
£500,000-£999,999	-	-	0.88%	0.88%
£250,000-£499,999	-	-	0.75%	0.75%
£1-£249,999	-	-	0.63%	0.63%

• Interest is paid on the whole balance where the balance is £1 or more.
• 60 Days notice is required for each withdrawal. If notice is not given, an interest penalty of 60 days on the amount withdrawn will be applied.

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90 Day Notice Account

	Previous		New
	Gross rate pa	AER	Gross rate pa	AER
£1m+	-	-	1.13%	1.13%
£500,000-£999,999	-	-	1.00%	1.00%
£250,000-£499,999	-	-	0.88%	0.88%
£1-£249,999	-	-	0.75%	0.75%

• Interest is paid on the whole balance where the balance is £1 or more.
• 90 Days notice is required for each withdrawal. If notice is not given, an interest penalty of 90 days on the amount withdrawn will be applied.

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Other rates

Base Rate	0.50% p.a.
Mortgage Reserve Account Managed Borrowing Rate	3.75% p.a.
Coutts Unarranged Borrowing Rate (without prior arrangement)	26.00% p.a.

• The Annual Equivalent Rate ('AER') is the notional rate which shows the gross interest rate as if paid and compounded on an annual basis.
• 'Gross' is the rate of interest before the deduction of Income Tax at the rate required by UK law.
• Interest will be paid quarterly after deducting Income Tax (where applicable) at the rate required by law.
• All rates are subject to variation.

Rates correct as at 14 January 2010

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