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Harrods Bank
 

RATES OF INTEREST for personal customers

INTEREST RATES FOR DEPOSITORS
The table below itemises the interest rates payable, and qualifying conditions to earn interest, on our Personal savings deposit accounts.
 

CURRENT INTEREST RATES EFFECTIVE FROM 10TH AUGUST 2016

Harrods Bank 5 Year Fixed Rate Deposit - Existing Customers
(MINIMUM DEPOSIT £20,000) - Interest Paid Annually

Balances of; AER Gross Rate
£20,000 + 1.40% 1.40%

Harrods Bank 5 Year Fixed Rate Deposit - New Customers
(MINIMUM DEPOSIT £20,000) - Interest Paid Annually

Balances of; AER Gross Rate
£20,000 + 1.30% 1.30%

Harrods Bank 3 Year Fixed Rate Deposit - Existing Customers
(MINIMUM DEPOSIT £20,000) - Interest Paid Annually

Balances of; AER Gross Rate
£20,000 + 1.20% 1.20%

Harrods Bank 3 Year Fixed Rate Deposit - New Customers
(MINIMUM DEPOSIT £20,000) - Interest Paid Annually

Balances of; AER Gross Rate
£20,000 + 1.10% 1.10%

Harrods Bank 2 Year Fixed Rate Deposit - Existing Customers
(MINIMUM DEPOSIT £20,000) - Interest Paid Annually

Balances of; AER Gross Rate
£20,000 + 1.15% 1.15%

Harrods Bank 2 Year Fixed Rate Deposit - New Customers
(MINIMUM DEPOSIT £20,000) - Interest Paid Annually

Balances of; AER Gross Rate
£20,000 + 1.05% 1.05%

Harrods Bank 18 Month Fixed Rate Deposit - Existing Customers
(MINIMUM DEPOSIT £20,000) - Interest Paid Annually

Balances of; AER Gross Rate
£20,000 + 1.05% 1.05%

Harrods Bank 18 Month Fixed Rate Deposit - New Customers
(MINIMUM DEPOSIT £20,000) - Interest Paid Annually

Balances of; AER Gross Rate
£20,000 + 0.95% 0.95%

Harrods Bank 1 Year Fixed Rate Deposit - Existing Customers
(MINIMUM DEPOSIT £20,000) - Interest Paid Annually

Balances of; AER Gross Rate
£20,000 + 1.00% 1.00%

Harrods Bank 1 Year Fixed Rate Deposit - New Customers
(MINIMUM DEPOSIT £20,000) - Interest Paid Annually

Balances of; AER Gross Rate
£20,000 + 0.90% 0.90%

Harrods Bank 120 Day Notice Account - Existing Customers
(MINIMUM DEPOSIT £20,000) - Interest Paid Quarterly

Balances of; AER Gross Rate
£20,000 + 0.70% 0.70%

Harrods Bank 120 Day Notice - New Customers
(MINIMUM DEPOSIT £20,000) - Interest Paid Quarterly

Balances of; AER Gross Rate
£20,000 + 0.60% 0.60%

Harrods Bank Instant Access Savings Account - Existing Customers
(MINIMUM DEPOSIT £25,000) - Interest Paid Quarterly

Balances of; AER Gross Rate
£25,000 + 0.60% 0.60%

Harrods Bank Instant Access Savings - New Customers
(MINIMUM DEPOSIT £25,000) - Interest Paid Quarterly

Balances of; AER Gross Rate
£25,000 + 0.50% 0.50%

 

High Value Current AccounT
(minimum deposit to earn interest £5,000) - interest paid monthly

Balances of; AER Gross Rate
£50,000 + 0.30% 0.30%
£5,000 - £49,999 0.20% 0.20%
Interest is paid on whole balances, for example, if your total balance is £13,000, this will attract the gross interest for that band on the full £13,000.

 

Children's Savings ACCOUNT
35 DAY NOTICE ACCOUNT - INTEREST PAID Monthly

Balances of; AER Gross Rate
£100,000 + 1.00% 1.00%
£50,000 - £99,999 0.75% 0.75%
Balances below £50,000 0.60% 0.60%
 

Bank of England Base Rate (effective 04.08.2016) : 0.25%

IMPORTANT INFORMATION: ALL THE ABOVE RATES ARE SUBJECT TO VARIATION

  1. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year. This allows you to compare easily what return you can expect from your savings over time.
  2. The Gross Rate is the rate of interest you would receive on a savings account before the deduction of income tax.
  3. In the case of the 120 Notice Account, you can make withdrawals only after you have given notice and the notice period has expired. In the case of the Children’s Savings Account, High Value Capital and High Value Deposit Accounts, you can make withdrawals without giving notice, but you will be charged interest based on the relevant notice period and amount withdrawn.
  4. We may make changes to these rates without notice if the change is in your favour. Where the change is to your disadvantage we will give 2 months’ notice.
  5. The rates and information in this leaflet applicable to your account form part of the terms that apply to your account.