private notice account
Our Private Notice Account could help you achieve a competitive rate of interest when you fix how much noticeyou give before withdrawing.
Eligibility criteria: You'll need to be 18 or older and have a Coutts Current Account. You will need to commit to a single notice period of either 35, 60 or 95 days, and you will not be able to withdraw your money until this notice period has been met.
Why choose our Private Notice Account?
- Each Private Notice Account will require a single fixed notice period of either 35, 60 or 95 days notice days. Notice to withdraw can be given online
- You can hold more than one Private Notice Account each with a different time period
- Offers banded interest rates which increase based on the balance of your savings
- Interest paid monthly
- Available in sterling only
Private Notice Account: Summary Box
What is the interest rate?
35 Day Notice |
AER p.a. (VARIABLE) |
Gross Rate p.a. (VARIABLE) |
|---|---|---|
£1 - £2,999,999 |
3.87% |
3.80% |
£3m + |
4.07% |
4.00% |
- Interest is paid monthly on a tiered basis which means you earn one interest rate on your entire account balance.
- Rate effective from 28 November 2024.
- 35 days’ notice is required for each withdrawal.
60 Day Notice |
AER p.a. (Variable) |
Gross p.a. (Variable) |
|---|---|---|
£1 - £2,999,999 |
4.07% |
4.00% |
£3m + |
4.28% |
4.20% |
- Interest is paid monthly on a tiered basis which means you earn one interest rate on your entire account balance.
- Rate effective from 28 November 2024.
- 60 days’ notice is required for each withdrawal.
95 Day Notice |
AER p.a. (Variable) |
Gross p.a. (Variable) |
|---|---|---|
£1 - £2,999,999 |
4.28% |
4.20% |
£3m+ |
4.49% |
4.40% |
- Interest is paid monthly on a tiered basis which means you earn one interest rate on your entire account balance.
- Rate effective from 28 November 2024.
- 95 days’ notice is required for each withdrawal.
can coutts change the interest rate?
Yes, we may change the rate up or down. There could be a few reasons for this, such as changes to the Bank of England base rate, or to reflect changes in the costs we reasonably incur for providing your account.
If the rate goes down, we will give you at least 14 days’ notice.
What would the estimated balance be after 12 months based on a range of deposits?
This example assumes that:
- No further deposits or withdrawals are made
- Any interest earned stays in the account
- There is no change to interest rates and tiers
Deposit Amount |
Balance after 12 months |
||
35 Day Notice |
60 Day Notice |
95 Day Notice |
|
£100,000 |
£103,866.90 |
£104,074.15 |
£104,281.80 |
£1m |
£1,038,668.87 |
£1,040,741.54 |
£1,042,818.01 |
£3m |
£3,122,224.63 |
£3,128,454.02 |
£3,134,694.80 |
Definitions
Annual Equivalent Rate (AER) |
This is a notional rate used for interest bearing accounts, which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts. |
|---|---|
Gross Rate |
The interest rate without the deduction of income tax (where applicable). Interest will be paid gross. |
PA |
Per annum (per year)
|
How do I open and manage my account?
- This account is only available to you if you hold a Coutts Current Account. A minimum amount of £1 is required to open your account. There is no maximum balance
- You can open your account by contacting your private banker or by calling Coutts 24
- You can manage your account by contacting your private banker, calling Coutts 24 or by using our digital services
Can I withdraw money?
Yes, you may withdraw money by transfer to your Current Account.
This account requires you to give us notice before withdrawing money. The amount of notice you need to provide depends on the type of Notice Account you have chosen. You won't be able to access your cash until the required notice period is served.
additional information
We do not deduct tax from the interest we pay to you. The tax treatment may be subject to change in the future and depends on your individual circumstances.
If you are unsure of your tax obligations, we strongly recommend you obtain independent tax advice.
Frequently Asked Questions
Contact Us
Become a client
When you become a client of Coutts, you join a network of exceptional people. Get in touch online or call +44 (0)20 7957 2424 to find out more about our services.
Already a client?
Contact your private banker at any time or call +44 (0)20 7957 2424 for more information.
All calls with Coutts are recorded for training and monitoring purposes.
All calls with Coutts are recorded for training and monitoring purposes.
Financial Services Compensation Scheme
Your eligible cash deposits held with Coutts & Co are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered. Investment business undertaken with Coutts & Co in the UK may be covered by the FSCS, the cover depending on the nature of the claim being made. Eligible claims for most types of investment business are covered up to a maximum of £85,000 per person. FSCS cover is not available for loss of money resulting from performance of the investment.
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