OUR WEBSITE USES COOKIES. BY CONTINUING WE ASSUME YOUR PERMISSION TO DEPLOY COOKIES, AS DETAILED IN OUR PRIVACY AND COOKIES POLICY. I Accept
Harrods Bank
 
Account Name High Value Current Account
What is the interest rate? Balances of £50,000+              0.30% Gross / AER
Balances of £5,000- £49,999   0.20% Gross / AER
Interest is paid to the High Value Current account monthly on cleared balances above £5,000.
There is no bonus interest payable.
Interest is variable and calculated daily on the cleared balance. Interest will be applied to the account monthly on the last business day of the month.
Can Harrods Bank Ltd change the interest rate? Interest is variable and we may change the interest rate paid on your account balance.
In line with 27.1 of our T&C's we may make such changes without notice if the change is in your favour and will inform you of such change within 30 days and in all other cases we will give you at least two months' prior notice of any change we make.
What would the estimated balance be after 12 months based on a £25,000 deposit? £25,050 gross
Assuming an open date of 01 August 2016 and no rate changes. Provided for illustration only and does not take individual circumstances into account.
How do I open and manage my account? These accounts are only available to individuals of 18 years and above.
Account can be opened by postal application or by visiting the branch. An interview with a relationship manager will be required.
Minimum deposit £1
Maximum deposit £2,500,000
Once open you can manage your account by phone, post or in branch. For more information see Contact Us.
Can I withdraw money? Cash at counter - Harrods Bank Ltd
Cheque book and Harrods Bank VISA debit card available (subject to approval).
Cash withdrawals using a Harrods Bank VISA debit card can be made from any ATM displaying the VISA logo. We do not charge you for this service (within the UK), however, you may be charged by the Bank providing the ATM. There are charges applicable to ATM usage abroad.
Regular payments (e.g. utility bills) can be paid by standing order or direct debit.
No notice period required for withdrawls.
Additional Information No service charge as long as the agreed average cleared credit balance is maintained during any one calendar month.
For further details of service charges, see our Personal Account Charges & Fees.
Overdrafts available subject to financial assessment and if appropriate, the deposit of security.
Interest is paid at the Gross rate without deducting any tax. Any interest earned will count towards your Personal Savings Allowance and you will be responsible for paying any tax due on interest credited to your account. Please refer to HMRC for further details.
The Bank has the right to withdraw the product at any time and you will not be informed in writing if the Bank does so (please note this does not apply to existing holders of this account).
 
 
Account Name Childrens Savings Account
What is the interest rate? Balances £100,000+              1.00% Gross / AER
Balances £50,000 - £99,999  0.75% Gross / AER
Balances £49,999 or below    0.60% Gross / AER
Interest is paid to the Children's Saving Account monthly on cleared balances above £500.
There is no bonus interest payable.
Interest is variable and calculated daily on the cleared balance. Interest will be applied to the account on the last business day of each month.
Can Harrods Bank Limited change the interest rate? Interest is variable and we may change the interst rate paid on your account balance.
In line with 27.1 of our T&C's we may make such changes without notice if the change is in your favour and will inform you of such change within 30 days and in all other cases we will give you at least two months' prior notice of any change we make.
What would the estimated balance be after 12 months based on a £25,000 deposit? £25, 063 gross
Assuming an open date of 1st August 2016 and no rate changes. Provided for illustration only and does not take individual circumstances into account.
How do I open and manage my account? These accounts are only open to individuals of 18 years and above to act as a trustee.
Only one child can be named on the account.
A child must be under 16 years of age.
Account can be opened by postal application or by visiting our branch.
Minimum deposit £500
Maximum deposit £2,500,000
Once open you can manage your account by phone, by post or in branch. For more information see Contact Us.
Can I withdraw money? Cash at counter – Harrods Bank Ltd.
By arrangement – postal or telephone request.
Notice period – 35 days.
Penalty for early withdrawal – penalty interest (equivalent to the notice period calculated on the amount withdrawn) will be charged if a notice of 35 days is not given prior to withdrawal.
Eligibility The Bank has the right to withdraw the product at any time and you will not be informed in writing if the Bank does so (please note this does not apply for existing holders of this account). 
Interest is paid at the Gross rate without deducting any tax. Any interest earned will count towards your Personal Savings Allowance and you will be responsible for paying any tax due on interest credited to your account. Please refer to HMRC for further details.
 
Account Name 120 Day Notice Account
What is the interest rate? 0.60% Gross / AER
Interest is paid to the 120 Day Savings Account quarterly on cleared balances above £20,000
There is no bonus interest payable.
Interest is variable and calculated daily on the cleared balance.Interest will be applied to the account quarterly on the last business day of March, June, September and December. A statement will be issued to you quarterly.
Can Harrods Bank Ltd change the interest rate? Interest is variable and we may change the interest rate paid on your account balance.
In line with 27.1 of our Terms & Conditions, we may make such changes without notice if the change is in your favour and will inform you of such change within 30 days and in all other cases will give you at least 2 months' prior notice of any change we make.
What would the estimated balance be after 12 months based on a £20,000 deposit? £20,120 gross
Assuming an open start date of 21 November 2016 and no rate changes. Provided for illustration only and does not take individual circumstances into account.
How do I open and manage my account? These accounts are only open to individuals of 18 years and above.
Account can be opened by postal application, visiting our branch or online via our website www.harrodsbank.co.uk
UK residents only.
Minimum deposit £20,000
Maximum deposit £2,500,000
Once open you can manage your account by phone, by post or in branch. For more information see the Contact Us page on the website.
Can I withdraw money? Cash at counter – Harrods Bank Ltd.
By arrangement – postal or telephone request.
120 Days notice required for withdrawals. No early withdrawal allowed.
Additional Information The Bank has the right to withdraw the product at any time and you will not be informed in writing if the Bank does so (please note this does not apply for existing holders of this account).
Interest is paid at the Gross rate without deducting any tax. Any interest earned will count towards your Personal Savings Allowance and you will be responsible for paying any tax due on interest credited to your account. Please refer to HMRC for further details.
 
Account Name Fixed Rate Deposit Accounts
What is the
Interest Rate?
##TERMINTERESTGROSSAER##
Interest paid annually on 31st December and on cleared balances above £20,000 and on maturity.
Interest is credited to the Fixed Rate Deposit Account, or to the Call Deposit Account, as instructed at account opening.
Can Harrods Bank Ltd change the Interest rate? Interest is fixed for the term of the product.
What would the estimated balance be after the term of the product based on a £20,000 deposit? 1 year £20,260 gross
18 Month £20,421 gross
2 Year £20,605 gross
3 Year £20,914 gross
5 Year £21,546 gross
Assuming an open date of 21 November 2016 and instructions that interest is paid into the Fixed Rate Deposit. Provided for illustration only and does not take individual circumstances into account.
How do I open and manage my account? These accounts are only open to individuals of 18 years and above.
Account can be opened by postal application, visiting our branch or online via our website www.harrodsbank.co.uk.
UK residents only.
Account to be opened with a single deposit of cleared funds.
Minimum deposit - £20,000
Maximum deposit £2,500,000
Once open, you can manage your Harrods Bank account by phone, by post or in branch. For more information see Contact Us on the bank's website.
Can I withdraw money? No access to funds during the period of the Fixed Rate Deposit Account.
Upon maturity funds will be paid to a Call Deposit Account at Harrods Bank Ltd unless you instruct us otherwise.
Additional Information The Bank has the right to withdraw the product at any time and you will not be informed in writing if the Bank does so (please note this does not apply for existing holders of this account).
Interest is paid at the Gross rate without deducting any tax. Any interest earned will count towards your Personal Savings Allowance and you will be responsible for paying any tax due on interest credited to your account. Please refer to HMRC for further details.
 
Account Name Business High Value Current Account
What is the interest rate? Balances of £5000 - £49,999           0.20% Gross / AER
Balances of £50,000 +                     0.30% Gross / AER
There is no bonus interest payable.
Interest is variable and calculated daily on the cleared balance. Interest will be applied to the account on the last business day of every month.
Can Harrods Bank Ltd change the interest rate? Interest is variable and we may change the interest rate paid on your account balance.
In line with 27.1 of our T&C's we may make such changes without notice if the change is in your favour and will inform you of such change within 30 days and in all other cases we will give you at least two months' prior notice of any change we make.
What would the estimated balance be after 12 months based on a £25,000 deposit? £25,050 gross
Assuming a start date of 01 August 2016 and no rate changes. Provided for illustration only and does not take individual circumstances into account.
How do I open and manage the account? These accounts are only open to individuals of 18 years and above.
Account can be opened by postal application or by visiting our branch.Minimum deposit £1
Maximum deposit £2,500,000
Once open you can manage your account by phone, by post or in branch. For more information see Contact Us.
Can I withdraw money? Cash at counter - Harrods Bank Ltd.
By arrangement - postal or telephone request.
No notice period required for withdrawals.
Additional Information Interest is paid at the Gross rate without deducting any tax. Any interest earned will count towards your Personal Savings Allowance and you will be responsible for paying any tax due on interest credited to your account. Please refer to HMRC for further details.
The Bank has the right to withdraw the product at any time and you will not be informed in writing if the Bank does so (please note this does not apply for existing holders of this account).
 
Account Name Business High Value Capital Account
What is the interest rate? Balances of £1 - £49,999           0.75% Gross / AER
Balances of £50,000 - £99,999  0.95% Gross / AER
Balances of £100,000+              1.15% Gross / 1.16% AER
There is no bonus interest payable.
Interest is variable and calculated daily on the cleared balance. Interest will be applied to the account quarterly on the last business day of March, June, September and December.
Can Harrods Bank Ltd 
change the interest rate?
Interest is variable and we may change the interest rate paid on your account balance.
In line with 27.1 of our T&C's we may make such changes without notice if the change is in your favour and will inform you of such change within 30 days and in all other cases we will give you at least two months' prior notice of any change we make.
What would the estimated balance be after 12 months based on a £20,000 deposit? £20,150 gross
Assuming a start date of 21 November 2016 and no rate changes. Provided for illustration only and does not take individual circumstances into account.
How do I open and manage the account? These accounts are only open to individuals of 18 years and above.
Account can be opened by postal application or by visiting our branch.
Minimum deposit £10,000
Maximum deposit £2,500,000
Once open you can manage your account by phone, by post or in branch. For more information see Contact Us.
Can I withdraw money? Cash at counter - Harrods Bank Ltd.
By arrangement - postal or telephone request.
No notice period required for withdrawals.
Additional Information Interest is paid at the Gross rate without deducting any tax. Any interest earned will count towards your Personal Savings Allowance and you will be responsible for paying any tax due on interest credited to your account. Please refer to HMRC for further details.
The Bank has the right to withdraw the product at any time and you will not be informed in writing if the Bank does so (please note this does not apply for existing holders of this account).
 
Account Name Business Call Deposit Account
What is the interest rate? Balances of £1 - £49,999           0.30% Gross / AER
Balances of £50,000 - £99,999  0.60% Gross / AER
Balances of £100,000+              0.85% Gross / AER
There is no bonus interest payable.
Interest is variable and calculated daily on the cleared balance. Interest will be applied to the account quarterly on the last business day of March, June, September and December.
Can Harrods Bank Ltd change the interest rate? Interest is variable and we may change the interest rate paid on your account balance.
In line with 27.1 of our T&C's we may make such changes without notice if the change is in your favour and will inform you of such change within 30 days and in all other cases we will give you at least two months' prior notice of any change we make.
What would the estimated balance be after 12 months based on a £20,000 deposit? £20,060 gross
Assuming a start date of 21 November 2016 and no rate changes. Provided for illustration only and does not take individual circumstances into account.
How do I open and manage the account? These accounts are only open to individuals of 18 years and above.
Account can be opened by postal application or by visiting our branch.
Minimum deposit £1
Maximum deposit £2,500,000
Once open you can manage your accoount by phone, by post or in branch. For more information see Contact Us.
Can I withdraw money? Cash at counter - Harrods Bank Ltd.
By arrangement - postal or telephone request.
No notice period required for withdrawals.
Additional Information Interest is paid at the Gross rate without deducting any tax. Any interest earned will count towards your Personal Savings Allowance and you will be responsible for paying any tax due on interest credited to your account. Please refer to HMRC for further details.
The Bank has the right to withdraw the product at any time and you will not be informed in writing if the Bank does so (please note this does not apply for existing holders of this account).
 
Account Name Business High Value Deposit Account
What is the interest rate? Balances of £5,000 - £49,999    0.50% Gross / AER
Balances of £50,000 - £99,999  0.75%  Gross / AER
Balances of £100,000+              1.00%  Gross / AER
there is no bonus interest payable.
Interest is variable and calculated daily on the cleared balance. Interest will be applied to the account on the last business day of each month.
Can Harrods Bank Ltd change the interest rate? Interest is variable and we may change the interest rate paid on your account balance.
In line with 27.1 of our T&Cs we may make such changes without notice if the change is in your favour and will inform you of such change within 30 days and in all other cases we will give you at least two months' prior notice of any change we make.
What would the estimated balance be after 12 months based on a £20,000 deposit? £20,060 gross
Assuming an open day of 21 November 2016 and no rate changes. Provided for illustration only and does not take individual circumstances into account.
How do I open and manage my account? These accounts are only open to individuals of 18 years and above.
Account can be opened by postal application or by visiting our branch.
Minimum Deposit £5000
Maximum Deposit £2,500,000
Once open, you can manage your account by phone, by post or in branch. For more information see Contact Us.
Can I withdraw money? Cash at counter – Harrods Bank Ltd.
By arrangement – postal or telephone request.
35 days notice is required for withdrawals. Penalty for early withdrawal – penalty interest (equivalent to the notice period calculated on the amount withdrawn) will be charged. 
Additional Information Interest is paid at the Gross rate without deducting any tax. Any interest earned will count towards your Personal Savings Allowance and you will be responsible for paying any tax due on interest credited to your account. Please refer to HMRC for further details.
The Bank has the right to withdraw the product at any time and you will not be informed in writing if the Bank does so (please note this does not apply to existing holders of this account).
 
Account Name Instant Savings Account
What is the interest rate? 0.50% Gross / AER
Interest is paid to the Instant Savings Account quarterly on cleared balances above £25,000.
There is no bonus interest payable.
Interest is variable and calculated daily on the cleared balance. Interest will be applied to the account quarterly on the last business day of March, June, September and December. A statement will be issued to your quarterly.
Can Harrods Bank Ltd change the interest rate? Interest is variable and we may change the interest rate paid on your account balance.
In line wth 27.1 of our T&C's, we may make such changes without notice if the change is in your favour and will inform you of such change within 30 days and in all other cases we will give you at least two months' prior notice of any changes we make.
What would the estimated balance be after 12 months based on a £25,000 deposit? £25,125 gross
Assuming an open start date of 21 November 2016 and no rate changes. Provided for illustration only and does not take individual circumstances into account.
How do I open and manage my account?  These accounts are only open to individuals of 18 years and above.
Account can be opened by postal application, visiting our branch or online via our website.
UK residents only.
Minimum deposit £25,000
Maximum deposit £2,500,000
Once open, you can manage your Harrods Bank account by phone, by post or in branch. For more information see Contact Us on the website.
Can I withdraw money? Cash at counter – Harrods Bank Ltd.
By arrangement – postal or telephone request.
No notice period required for withdrawals.
Additional Information The Bank has the right to withdraw the product at any time and you will not be informed in writing if the Bank does so (please note this does not apply for existing holders of this account).
Interest is paid at the Gross rate without deducting any tax. Any interest earned will count towards your Personal Savings Allowance and you will be responsible for paying any tax due on interest credited to your account. Please refer to HMRC for further details.