Harrods Bank

BUSINESS High Value Capital Account

For business customers making a minimum initial deposit of £10,000, and agreeable to a 90 day withdrawal notice period, our Business High Value Capital Account offers competitive rates of interest on balances in excess of £10,000, with higher balances attracting even more competitive rates.

Our Business High Value Capital Account provides business customers wishing to make an initial deposit of £10,000 or more, and able to agree to a 90 day notice period for making withdrawals, with attractive rates of interest on cleared balances.

The account pays interest only on balances of £10,000 or more. 

Interest is posted to the account quarterly and statements are issued quarterly. There is no fee to withdraw funds. However a penalty payment equivalent to 90 days interest will be applied if funds are withdrawn without the required notice.
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).
Interest is posted to the account quarterly, and statements issued quarterly.
Customers must be a minimum of 18 years of age to open a Business High Value Capital Account.
See a summary of all our business accounts with the key product facts - please click here