Harrods Bank

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Harrods Bank Limited
Limited
Industry Banking, Finance
Founded 1893
Headquarters London, England, United Kingdom
Products Financial services
Owner Qatar Holdings
Parent Harrods
Website http://www.harrodsbank.co.uk/

Harrods Bank Limited is a private personalised banking service which operates from the Harrods store in Knightsbridge. Harrods Bank was started in 1893 and caters for high-net-worth (HNW) individuals. The bank is owned by Qatar Holdings, an investment arm of the state of Qatar.

In 1991 the House of Commons Trade and Industry Committee ordered the Governor of the Bank of England, Robin Leigh-Pemberton, to order the owners of Harrods, Mohamed Al-Fayed, and his brother Ali Al-Fayed, to transfer control of the Harrods Bank to trustees, after they found that the Fayeds were not "fit and proper" to run the bank.[1]

Services[edit]

Personal Banking[edit]

Current Accounts[edit]

  • Personal Current Account
  • Personal High Value Current Account

Savings Accounts[edit]

  • Instant Savings Account
  • 5 Year Fixed Rate Deposit Account
  • 3 Year Fixed Rate Deposit Account
  • 2 Year Fixed Rate Deposit Account
  • 18 Month Fixed Rate Deposit Account
  • 1 Year Fixed Rate Deposit Account
  • 120 Day Notice Account
  • Children’s Savings Account

Mortgages[edit]

  • Fixed Rate Mortgage
  • Residential Five Year Tracker
  • Interest Only Mortgage
  • Buy To Let Mortgage

Foreign Currency[edit]

  • Harrods Bank offer customers assistance with foreign currency matters relating to their business and travel requirements as well as to family and personal affairs.

Gold Bullion[edit]

  • Harrods Gold Bullion is the specialist physical gold bullion dealing and storage service of Harrods Bank.

Business Banking[edit]

Current Accounts[edit]

  • Business Current Account
  • Business High Value Current Account

Savings Accounts[edit]

  • Call Deposit Account
  • High Value Deposit Account
  • High Value Capital Account
  • Fixed Term Deposit

See also[edit]

External links[edit]

References[edit]

  1. ^ Bower, Tom (1998). Fayed: The Unauthorized Biography. Macmillan. p. 283. ISBN 978-0-333-74554-0.