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Private Banking

Private Reserve Account

Instant access for day-to-day expenses and contingency funds while still earning interest. Available in multiple currencies.  

An agile way to save

Why choose our Private Reserve Account?

If you’re looking to keep your finances fluid, our instant access Private Reserve Account gives you the flexibility you need. It comes with a convenient function that moves your funds automatically – daily, weekly or monthly – to or from your current account.

The benefits

  • Quarterly interest and instant access to your money.
  • Tiered interest rates based on the size of your savings balance.
  • Available in sterling, euros or US dollars.
  • Easy automatic transfers to and from your current account.
  • Minimum balance of £1/€1/$1 with no maximum limit.  

Eligibility criteria – you need to be 18 or older and have a Coutts Current Account. Your Private Reserve Account must be held in the same currency as your current account. 

Summary Box

Account name: Private Reserve Account

What is the interest rate?

Sterling AER p.a. (variable) until 07/01/2026 Gross rate p.a. (variable) until 07/01/2026 AER p.a. (variable) from 08/01/2026 Gross rate p.a. (variable) from 08/01/2026
£1 – £99,999 0.75% 0.75% 0.55% 0.55%
£100,000 - £249,999 1.51% 1.50% 1.31% 1.30%
£250,000 - £999,999 2.83% 2.80% 2.63% 2.60%
£1 million - £2,999,999 3.14% 3.10% 2.93% 2.90%
£3 million + 3.39% 3.35% 3.19% 3.15%

  • Interest is calculated daily and paid quarterly on a tiered basis which means you earn one interest rate on your entire account balance.
  • Rate effective from 22 December 2025.
Can Coutts change the interest rate?

Yes, we may change the rate up or down. There could be a few reasons for this, such as changes to the Bank of England base rate, or to reflect changes in the costs we reasonably incur for providing your account.

If the rate goes down, we will give you at least 14 days’ notice.

What would the estimated balance be after 12 months based on a range of deposits?

This example assumes that:

  • 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
Sterling Euro US dollar
50,000 £50,376.06 €50,225.38 $50,451.52
100,000 £101,508.46 €100,450.76 $100,903.04
250,000 £257,073.84 €251,126.90 $252,257.61
1 million £1,031,362.24 €1,004,507.60 $1,009,030.42
3 million £3,101,769.60 €3,013,522.80 $3,042,221.01

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.
p.a. Per annum (per year)

How do I open and manage my account?
  • This account is only available to you if you hold a Coutts Current Account in the same currency as the Private Reserve Account you wish to open.
  • A minimum of £/€/$1 is required to open your account. There is no maximum balance.
  • You can open your account by applying online, contacting your Private Banker or calling Coutts 24.
  • You can manage your account by contacting your Private Banker, calling Coutts 24, using our online banking or through our app.
Can I withdraw money?

Yes, you may withdraw money by transfer to your Coutts 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.

FAQs

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 happy with what's in these documents, including the FSCS information sheet. Please take some time to review, print and/or save the important information.
Private Reserve Account Terms
Private Reserve Account Summary Box
FSCS information sheet and exclusions list

Ready to apply?

We’ll need to ask you a few questions first. This shouldn’t take long.  

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Are you already a client?
If you’re not an existing client, we’ll help you become one so you can access this service.

Open a Private Reserve Account

It comes with a convenient function that moves your funds automatically — daily, weekly or monthly — to or from your current account.   

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Not a Coutts client?

Get in touch online or call Coutts 24 on 020 7957 2424 (Relay UK 18001 020 7957 2424) to see how we could support you. 

Protection from the Financial Services Compensation Scheme

Your eligible cash deposits held with Coutts & Co are protected up to a specific limit 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 the limit per person. FSCS cover is not available for loss of money resulting from performance of the investment.