UK interest 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%

Private Reserve Account

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.
Previous New
Gross rate pa AER Gross rate pa AER
Cash ISA 0.50% 0.50% 0.25% 0.25%

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.

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.

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 1 July 2009

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