Coutts convenient current and deposit accounts are designed for your short, medium and longer-term cash management needs, underpinned by innovative and exceptional delivery.
At Coutts, we know that many of our clients lead busy lives – so we have created a current account with convenient features that save you valuable time.
Flexible and convenient features, designed to keep you in charge of your money.
The Coutts Current Account puts you in charge of your money when you need it. Available to individuals, trustees and personal representatives in sterling, the Current Account is accessible through Coutts Online and Coutts Mobile, and maintains some of our longer standing features, including the Coutts cheque book. The Current Account comes with an innovative autosweep facility which enables clients to manage account balances between their Current Account and linked Coutts deposit accounts. An unsecured, or secured, overdraft facility is also available with the Current Account.
The accompanying Coutts Account Card (VISA Debit card) is accepted at retail outlets worldwide, enabling you to transact quickly and conveniently, online, via ATMs or over the phone or the counter. You can pay people or organisations in the UK through Standing Orders, Direct Debits, Faster Payments, CHAPs and banker’s drafts while SWIFT is available to pay people or organisations abroad. The Current Account is available in all major currencies.
The Current Account also allows for the delivery of currency, travellers’ cheques or sterling direct to your home address, with the additional option of accessing currency and travellers' cheques through the Coutts Strand office, NatWest or RBS branches. Account holders also have exclusive access to our Safe Custody service - one of the few remaining safety deposit facilities in London.
All credit is subject to approval and affordability checks. Terms and conditions apply. Over 18s only. Security may be required. Product fees may apply.
Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.
You will be charged a quarterly fee of £150*. The fee will cover all your sole accounts and is payable in arrears in March, June, September and December. There will be no fee for non-sterling accounts where a sterling account is held.
For joint accounts a fee of £150* per quarter will apply. This fee will be waived where any party to the account meets the criteria listed below or all parties hold a sole account with us.
The fees for your sole and joint accounts will not be applied if you meet any of the following criteria:
- Clients holding investment products which have a minimum total value of £250,000* or where the original amount invested was at least £250,000*; or
- Clients who hold deposits which have a minimum total value of £250,000*; or
- Clients who have drawn down a minimum of £250,000* in borrowing facilities, excluding overdrafts with Coutts; or
- Clients who have investments, deposits and drawn down borrowing facilities excluding overdrafts with Coutts, with a combined minimum total of £250,000*
*Or currency equivalent.
For your day-to-day banking needs – designed to connect you with your wealth when and wherever you need it.
An instant access deposit account, ideal for surplus funds.
The Coutts Private Reserve Account may benefit you if you have surplus funds in your Coutts Current Account, and does not require a minimum balance to be maintained.
A Private Reserve Account can help you maintain a minimum balance of your choice on your Current Account through daily, weekly or monthly automatic transfers. A daily automatic transfer allows you to make purchases utilising your Private Reserve balances should your Coutts Current Account balance be insufficient.
Interest is paid quarterly to your Private Reserve Account, unless you request us to credit it to another account. The interest rate is variable and may change.
The Coutts Private Reserve Account is only available to individuals who hold a Coutts Current Account. There are no additional fees associated with the account beyond those applied for the Coutts Current Account.
A range of instant access and notice deposit accounts that allow you to earn a higher rate of interest on the funds you don’t need to access immediately.
If you can provide 60 days' notice before withdrawing funds, this account may be for you.
Designed to meet short to medium term liquidity needs, the 60 Day Notice Account offers a higher rate of interest on funds for which instant access is not required.
Funds can be deposited by a transfer from your Coutts Current Account or by electronic payment from another bank. Should you wish to make a withdrawal, you will need to provide 60 days' notice in writing, by telephone or through Coutts Online
Interest is paid monthly to your 60 Day Notice Account, unless you request us to credit it to another account. The interest rate is variable and may change.
The Coutts 60 Day Notice Account is only available to individuals aged 18 years or over who hold a Coutts Current Account. There are no additional fees associated with the account beyond those applied for the Coutts Current Account.
An account designed to meet your reserve requirements.
You can withdraw your cash at any time, however if you make one withdrawal or more in a calendar month then you will receive the rate of interest of the lowest balance tier on your full balance throughout that calendar month.
You can make one-off and regular deposits from your current account or through a sweep from the Coutts Private Reserve Account when a maximum balance is reached.
The Monthly Reserve Account is available in sterling, US dollars and euro. Interest is paid monthly to your Monthly Reserve Account, unless you request us to credit it to another account. The interest rate is variable and may change.
The Coutts Monthly Reserve Account is only available to individuals aged 18 or over who hold a Coutts Current Account. There are no additional fees associated with the account beyond those applied for the Coutts Current Account.
Designed for your long-term needs, allowing you to earn higher rates of interest on cash you do not require instant access to.
A fixed rate of interest for funds held to maturity.
Offering the reassurance of a pre-agreed rate of interest, Coutts Fixed Term Deposits pay interest on liquidity that is not required instantly.
When placing your funds on deposit, you can choose from a variety of maturity periods and interest rates.
Fixed Term Deposits are available in sterling and other currencies, and interest is paid at maturity. Funds cannot be withdrawn before the end of the agreed maturity period, and only the initial deposit can be added to the account.
The Fixed Term Deposit account is only available to individuals who hold a Coutts Current Account. There are no additional fees associated with the account beyond those applied for the Coutts Current Account.
A notice account designed for longer term deposits.
The Loyalty Reserve rewards you the longer you keep funds on deposit. The account offers a tiered interest rate, which is dependent upon the balance and increases in the second and third year.
You can make a single deposit up to a maximum of £25,000,000 via transfer from your Coutts Current Account. One withdrawal is permitted each year following the opening of the account, with 95 days’ notice required. Account closure is also subject to 95 days' notice.
Interest is paid annually to your Loyalty Reserve Account, unless you request us to credit it to another account. It comprises a standard variable rate of interest plus a fixed bonus which is payable in the second and third years of the account’s tenure. The standard rate of interest is variable and may change. The bonus rates are fixed.
The Coutts Loyalty Reserve Account is only available to individuals who hold a Coutts Current Account. There are no additional fees associated with the account beyond those applied for the Coutts Current Account.
Your eligible cash deposits held with Coutts & Co are protected up to a total of £75,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered.