DEPOSIT Accounts

Coutts deposit accounts are designed for your short, medium and longer-term cash management needs, underpinned by innovative and exceptional delivery.

Active Cash Management

For your day-to-day banking needs – designed to connect you with your wealth when and wherever you need it.

  • Private Reserve Account

    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.

    The Private Reserve Account is available in sterling, US dollars and euro. 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.

    Your eligible deposits with Coutts & Co are protected up to a total of £85,000 (or £85,000 for each eligible account holder of a joint account) by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered.

    See Coutts Interest Rates

Reserve Cash Management

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.

  • PRIVATE NOTICE ACCOUNT

    Earn higher interest rates on short to longer term deposits.

    The Private Notice Accounts are available in 35, 60 and 95 day notice terms, and pay higher interest rates on funds where instant access is not required.

    Notice Accounts are suitable for clients who want to set aside funds for the short, medium or longer term, as well as for planned liquidity events such as tax due or pending school or university fees.

    Notice Accounts pay an interest on balances from £1, and should you wish to make a withdrawal, you will need to provide 35, 60 or 95 days' notice in writing, by telephone or through Coutts Online.

    Interest is paid monthly to your Notice Account, unless you request us to credit it to another account. The interest rate is variable and may change.

    The Coutts Private Notice Account is available to individuals aged 18 years or over who hold the Coutts Current Account. There are no additional fees associated with the account beyond those applied for the Coutts Current Account. 

    Your eligible deposits with Coutts & Co are protected up to a total of £85,000 (or £85,000 for each eligible account holder of a joint account) by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered.

    See Coutts Interest Rates

     

     

  • CASH ISA

    The tax-free way to manage your savings.

    Cash ISAs are excellent for sheltering at least some of your savings from taxes. The instant access Cash ISA allows you to subscribe up to £20,000 in the current tax year with £1 minimum balance. If you already have Cash ISAs with other companies you can transfer them to Coutts, and manage all of your tax-free savings in one place with instant access to your money.

    To have a cash ISA you must be 16 or over. You must be resident in the UK. You should not have subscribed to any other cash ISA in the same tax year, which runs from 6 April to 5 April the next year. Our Cash ISA is Flexible and there is no limit on withdrawals. This means that you may replace (in whole or in part) cash that you withdraw from your ISA without the replacement counting towards your annual subscription limit provided that the repayment is made within the same tax year as the withdrawal. Where a withdrawal is made, any subsequent subscriptions in the same tax year that would otherwise count towards your annual subscription limit will do so only to the extent that previously withdrawn amounts have been fully replaced. View more information on Flexible ISAs. 

    Tax- free interest means that interest payable on Cash ISAs is exempt from UK income tax. Interest rates are variable.

    Your eligible deposits with Coutts & Co are protected up to a total of £85,000 (or £85,000 for each eligible account holder of a joint account) by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered.

    See Coutts Interest Rates

Strategic Cash Management

Designed for your long-term needs, allowing you to earn higher rates of interest on cash you do not require instant access to.

  • Fixed Term Deposits

    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.

    Your eligible deposits with Coutts & Co are protected up to a total of £85,000 (or £85,000 for each eligible account holder of a joint account) by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered.

    See Coutts Interest Rates

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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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