They will also deepen the international client product offering as each of the products is offered in Euro and US Dollar, as well as Sterling.
The Monthly Reserve and Loyalty Reserve accounts reward clients for holding deposit balances with Coutts. The Monthly Reserve account also offers the flexibility of offering a sweep facility which enables funds to be automatically transferred to it from a client’s other accounts held with Coutts should they so wish. The implementation of Avaloq, a new, single core operating platform in domestic and international markets, enabled Coutts to bring these products to markets in just four months.
Commenting on the launch, Simon Ridgers, Head of Banking, Credit & Treasury Products, said: "At Coutts, we build a shared understanding of our clients’ objectives and translate these ambitions into action. We have developed these new accounts in response to clients who wish to hold cash as part of their Wealth Plan. The competitive pricing of the EUR and USD accounts are particularly compelling and could be well suited to clients looking to buy properties aboard.
"The introduction in the UK this year of a single, operating platform at Coutts has also allowed us to offer Clients flexible reporting and enhanced our ability to help clients achieve their aims."