Instant access for day-to-day expenses and contingency funds while still earning interest.
Available in multiple currencies.
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Private Banking
Private Reserve Account
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?
- 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 3 November 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.
Definitions
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.
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.
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.
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.