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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 However a penalty payment equivalent to 90 days interest will be applied if funds are withdrawn without the required notice.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
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Penalty for early withdrawal - penalty interest (equivalent to the notice period calculated on the amount withdrawn) will be charged.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.
 
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