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Harrods Bank
 

PERSONAL HIGH VALUE CURRENT ACCOUNT

ACCOUNT OVERVIEW
 
Our Personal High Value Current Account combines payment of interest on the account balance with simple and traditional current account banking.

Interest on account balances above £5,000 is calculated at a gross rate which varies depending on the balance maintained. 

Personal High Value Current Account customers receive a Harrods Bank cheque book and personal debit card, and the account may also be used to arrange regular payments via standing order or direct debit. 

Management of the Personal High Value Current Account is simple and convenient. Colleagues at our branch within the Harrods Knightsbridge store are always available to carry out instructions, which we are also pleased to accept by telephone or by post. Certain transactions may also be completed using your debit card, at the ATM machines of many UK (and overseas) banks.

The Personal High Value Current Account is available to customers with an annual salary in excess of £75,000, or to those depositing savings in excess of £250,000 with the bank.

Bank charges will apply in any month in which the averaged cleared credit balance on the account is below £5,000. 
 
ACCOUNT SUMMARY
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.
 

To see a summary of all our personal accounts with the key product facts, please click here