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Reserve account

The Reserve account is designed with the sophisticated client in mind.  It combines a wide range of practical private banking features, together with the option of multi-currency dealings.

The minimum initial deposit is £5,000, US $7,500 or €7,500.

Easy access

With sterling, euros or US dollars you have easy access to your money at any time, through the Visa network allowing you to withdraw up to the equivalent of £2,000 in cash daily from a Visa ATM, subject to any lesser local limits being imposed, or over the counter where the Visa logo is displayed.

Sterling accounts can have standing orders and direct debits set up within the British Isles. So, even if you are abroad, you can rest assured all your regular bills will be paid promptly.

A choice of currencies

The Reserve account can be denominated in any major currency.  If you hold deposits in sterling, US dollars or euro, you can take advantage of gold status Visa card facilities and a chequebook for sterling payments only. Commission-free foreign exchange dealing allows you to buy and sell in all major currencies, with no minimum or maximum size of deal.

Interest rates

The Reserve account pays interest, calculated daily and credited to the account on a quarterly basis. For Isle of Man and Jersey accountholders only, this interest is paid gross*. Our interest rates are available to view online.

* Gross - the rate of interest paid without deduction of tax. Please note that if you are an individual, resident within the EU, your interest may be subject to a retention tax charge.  A flow chart is available for Isle of Man accountholders and Jersey accountholders to help you determine if you are affected or not and what you need to do next. Important - you must declare any interest earned to the income tax authorities in your country of residence.