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edscoble-
It's a profitability thing.
Coutts business model was failing, high costs/low margins. Ever since natwest bought it, it's not been what it was anyway. They've basically reversed that - reduce costs/higher margins.
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Yes, in fairness £10k deposit was pretty meaningless as a barrier to entry by the time they changed it.
Now it's £3m in savings or £1 borrowing/investment.
That's not unlike a lot of 'private banking' which people with more than a few million are kind of obliged to use as they provide the sort of protection you don't get from the £85k government backing that most of us can benefit from.
hugo7
Airhead
They used to require at least £10k deposit in the account which is why it had some status. When Natwest took over they increased the amount required.