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.
- 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 Crown Dependencies 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?
Can Coutts Crown Dependencies 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 Crown Dependencies 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 contacting your Private Banker.
- You can manage your account by contacting your Private Banker.
Can I withdraw money?
Yes, you may withdraw money by transfer to your Coutts Crown Dependencies 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.
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Whether you’re a private individual, a business owner or a company, we could help you manage your wealth, your way.
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Protection from the Jersey Bank Depositors Compensation Scheme
The Royal Bank of Scotland International Limited trading as Coutts Crown Dependencies is a participant in the Jersey Bank Depositors Compensation Scheme. The Scheme offers protection for eligible deposits of up to £50,000. The maximum total amount of compensation is capped at £100,000,000 in any 5 year period. Full details of the Scheme and banking groups covered are available on the Government of Jersey website www.gov.je.dcs, or on request.