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Harrods Bank
 
Account Name High Value Current Account
Interest Rates Interest rates payable – variable.
Interest paid monthly on cleared balances above £5,000
Please see our current Credit Interest Rates for Customers
Tax Status 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.
Conditions for Bonus Payment Not applicable – no bonus payment.
Withdrawal Arrangements 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.
Access Instant access to funds.
Cash withdrawals (by cheque) and debit card. Deposits can be made at any branch of The Royal Bank of Scotland Plc., free of charge.
Service Charges 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
Other Features Statements provided monthly.
Overdrafts available subject to financial assessment and if appropriate, the deposit of security.
 
Account Name Childrens Savings Account
Interest Rates Interest rates payable – variable.
Interest paid monthly on cleared balances above £500
Minimum deposit £500. Maximum deposit £2,500,000
Please see our current Credit Interest Rates for Customers
Tax Status 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.
Conditions for Bonus Payment Not applicable – no bonus payment.
Withdrawal Arrangements 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Penalty for early withdrawal – penalty interest (equivalent to the notice period calculated on the amount withdrawn) will be charged if a notice of 35 days is not given prior to withdrawal.
Access Cash at counter – Harrods Bank Ltd.
By arrangement – postal or telephone request.
Eligibility 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.
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) UK Residents only.
 
Account Name 120 Day Notice Account
Interest Rates Interest rate payable – variable
Interest paid quarterly on cleared balances above £20,000
Minimum deposit £20,000. Maximum deposit £2,500,000
Please see our current Credit Interest Rates for Customers
Tax Status 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.
Conditions for Bonus Payment Not applicable – no bonus payment.
Withdrawal Arrangements Notice period – 120 days.
No withdrawals without notice are permitted.
Access Cash at counter – Harrods Bank Ltd.
By arrangement – postal or telephone request.
Eligibility These accounts are only open to individuals of 18 years and above.
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)
UK Residents only.
 
Account Name 1 Year, 18 Month, 2 Year, 3 Year and 5 Year Fixed Rate Deposit Account
Interest Rates Interest rates payable – fixed for term of product
Interest paid annually on cleared balances above £20,000 and on maturity.
Maximum deposit £2,500,000
Please see our current Credit Interest Rates for Customers
Tax Status 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.
Conditions for Bonus Payment Not applicable – no bonus payment.
Withdrawal Arrangements No withdrawals are allowed from the Fixed Rate Deposit Account.
Access No access to funds during the 1 year, 18 month, 2, 3 or 5 year 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.
Eligibility These accounts are only open to individuals of 18 years and above.
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) UK Residents only.
 
Account Name Business High Value Current Account
Interest Rates Interest rates payable – variable.
Interest paid monthly on cleared balances above £5,000.
Please see our Current Interest Rates for Customers.
Tax Status 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.
Conditions for Bonus Payment Not applicable – no bonus payment.
Withdrawal Arrangements 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.
Access Instant access to funds.
Cash withdrawals (by cheque) and debit card. Deposits can be made at any branch of The Royal Bank of Scotland Plc.
Please see Business Account Charges & Fees for charges for cash services.
Service Charges All payments from and receipts to an account, 90p per item, subject to a minimum monthly charge of £30.
Please see Business Account Charges & Fees for charges for cash services.
Other Features Statements provided monthly.
Overdrafts available subject to financial assessment and if appropriate, the deposit of security.
 
Account Name Business High Value Capital Account
Interest Rates Interest rates payable – variable.
Interest paid quarterly on cleared balances above £10,000.
Please see our current Credit Interest Rates for Customers.
Tax Status 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.
Conditions for Bonus Payment No bonus payment.
Withdrawal Arrangements Notice period – 90 days.
Penalty for early withdrawal - penalty interest (equivalent to the notice period calculated on the amount withdrawn) will be charged.
Access Cash at counter – Harrods Bank Ltd.
By arrangement – postal or telephone request.
 
Account Name Business Call Deposit Account
Interest Rates Interest rates payable – variable.
Interest paid quarterly on cleared balances above £1.
Please see our current Credit Interest Rates for Customers.
Tax Status 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.
Conditions for Bonus Payment No bonus payment.
Withdrawal Arrangements No notice period.
Access Cash at counter - Harrods Bank Ltd.
By arrangement - postal or telephone request.
 
Account Name Business High Value Deposit Account
Interest Rates Interest rates payable – variable.
Interest paid monthly on cleared balances above £5,000.
Please see our current Credit Interest Rates for Customers.
Tax Status 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.
Conditions for Bonus Payment No bonus payment.
Withdrawal Arrangements Notice period – 35 days.
Penalty for early withdrawal – penalty interest (equivalent to the notice period calculated on the amount withdrawn) will be charged. 
Access Cash at counter – Harrods Bank Ltd.
By arrangement – postal or telephone request.
 
Account Name Instant Savings Account
Interest Rates Interest rates payable – variable
Interest paid quarterly on cleared balances above £25,000
Minimum deposit £25,000. Maximum deposit £2,500,000
Please see our current Credit Interest Rates for Customers
Tax Status 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.
Conditions for Bonus Payment Not applicable – no bonus payment.
Withdrawal Arrangements No notice period required for withdrawals.
Access Cash at counter – Harrods Bank Ltd.
By arrangement – postal or telephone request.
Eligibility This account is only open to individuals of 18 years and above.
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)
UK Residents only