Business reserve account
A multi-currency instant access savings account that puts your business' surplus funds to work.
Eligibility criteria: Our business savings accounts are available to Coutts Commercial clients who hold a Coutts Business Current Account.
Why choose our business reserve account?
- Earn quarterly interest but keep instant access to your business savings
- Offers banded interest rates that increase based on the balance of your business savings
- Available in GBP, EUR and USD
- Use our sweeps feature to regularly and automatically transfer funds between your Reserve and business current accounts
Sweep to manage your money
Our sweep option allows you to move funds between your Business Current Account and your Business Reserve Account automatically - daily, weekly or monthly.
You could choose to sweep money from your current account to your Business Reserve Account to help you save or you could sweep money the other way round so that your Current Account is topped up regularly from your savings.
Or sweep both ways and keep your money management tidy!
business Reserve Account: Summary Box
What is the interest rate?
Sterling |
AER p.a. (Variable) |
Gross p.a. (Variable) |
|---|---|---|
£1 - £999,999 |
1.10% |
1.10% |
£1M - £9,999,999 |
1.51% |
1.50% |
£10M + |
1.71% |
1.70% |
Rates Until 28/05/2025 |
Rates from 29/05/2025 |
|||
|---|---|---|---|---|
Sterling |
AER p.a. (Variable) |
Gross p.a. (Variable) |
AER pa.a. (variable) |
Gross p.a. (variable) |
| £1 - £999,999 | 1.10% | 1.10% | 1.00% | 1.00% |
| £1M - £2,999,999 | 1.51% | 1.50% | 1.41% | 1.40% |
| £3m - £9,999,999 | 1.51% | 1.50% | 1.41% | 1.40% |
| £10M + | 1.71% | 1.70% | 1.61% | 1.60% |
- Interest paid quarterly
- Rate effective from 12 May 2025
Euro |
AER p.a. (variable) |
Gross p.a. (Variable) |
|---|---|---|
| €1 - €249,999 | 0.30% | 0.30% |
| €250,000 AND OVER | 0.30% | 0.30% |
Rates Until 11 May 2025 |
Rates from 12 May 2025 |
|||
|---|---|---|---|---|
Euro |
AER p.a. (Variable) |
Gross p.a. (Variable) |
AER pa.a. (variable) |
Gross p.a. (variable) |
€1 - €249,999 |
0.85% |
0.85% |
0.65% |
0.65% |
€250,000+ |
0.85% |
0.85% |
0.65% |
0.65% |
- Interest paid quarterly
- Rate effective from 12 May 2025
US dollar |
AER p.a. (Variable) |
Gross p.a. (Variable) |
|---|---|---|
$1 - $2,999,999 |
0.55% |
0.55% |
$3m+ |
0.55% |
0.55% |
Rates Until XXXXX |
Rates from XXXX |
|||
|---|---|---|---|---|
USD |
AER p.a. (Variable) |
Gross p.a. (Variable) |
AER pa.a. (variable) |
Gross p.a. (variable) |
$1 - $2,999,999 |
0.55% |
0.55% |
0.40% |
0.40% |
$3m+ |
0.55% |
0.55% |
0.40% |
0.40% |
- Interest paid quarterly
- Rate effective from 17 March 2025
can coutts change the interest rate?
Yes, the applicable interest rate is variable.
- If the rate goes down, we will give you at least 14 days’ notice.
- If it goes up, we will give you notice either before the change happens or as soon as possible afterwards.
WHAT WOULD THE ESTIMATED BALANCE BE AFTER 12 MONTHS, BASED ON A range of deposits?
Assuming:
- No further deposits or withdrawals are made
- Any interest earned stays in the account
- There is no change to interest rates and tiers
| Deposit Amount (£/€/$) | Balance after 12 months | ||
| gbp | eur | usd | |
| 100,000 | £101,104.55 | € 100,300.34 | $100,551.14 |
| 1m | £1,015,084.59 | € 1,003,003.38 | $1,005,511.35 |
Definitions
Annual Equivalent Rate (AER) |
This is a notional rate used for interest bearing accounts, which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts. |
|---|---|
Gross Rate |
The interest rate without the deduction of income tax (where applicable). Interest will be paid gross. |
PA |
Per annum (per year)
|
How do I open and manage my account?
- This account is only available to you if you hold a Coutts Business Current Account denominated in the same currency as the Reserve Account you wish to open. A minimum amount of £1/€1/$1 is required to open your account. There is no maximum balance.
- After the account has been opened, all subsequent deposits and withdrawals must be for amounts of not less than £1/€1/$1, and must be effected by transfer of cleared funds from or to your Coutts Business Current Account.
- You can open your account by applying online, contacting your commercial banker or by calling Coutts Businessline.
- You can manage your account by contacting your commercial banker, calling Coutts Businessline or by using our digital services.
Can I withdraw money?
Yes, you may withdraw money by transfer to your linked Coutts Business Current Account.
No notice is required.
additional information
We do not deduct tax from the interest we pay to you. The tax treatment may be subject to change in the future and depends on your individual circumstances.
If you are unsure of your tax obligations, we strongly recommend you obtain independent tax advice.
important documents
Before you apply, please read the important legal documents below as well as our Privacy Notice, which explains how your information might be used.
If you carry on applying, it means you’re confirming you’ve been provided with, and have acknowledged the important legal documents, including the FSCS information sheet.
Please take some time to review, print and/or save the important information.
ready to apply?
We'll take you through a few easy steps to open your account.
Financial Services Compensation Scheme
Your eligible cash deposits held with Coutts & Co are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered. Investment business undertaken with Coutts & Co in the UK may be covered by the FSCS, the cover depending on the nature of the claim being made. Eligible claims for most types of investment business are covered up to a maximum of £85,000 per person. FSCS cover is not available for loss of money resulting from performance of the investment.
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