Cater Allen Private Bank has a legacy of working closely with professional advisers and financial intermediaries and uses this insight into how your business works to support your individual requirements while developing and enhancing your client relationships.
Most importantly, Cater Allen knows that it is key that you need to retain control of the financial advice your clients receive, which is why they guarantee to not cross-sell other products or services to your clients unless they have your written permission to do so. You will be kept informed of new developments and additional services but it is left for you to decide how to communicate these, as you think appropriate, to your clients.
For your clients cash funds of over £50,000 Cater Allen Term Deposits provide fixed terms between 1 week and 36 months with an interest rate which is fixed on the day of deposit and paid at maturity.
There is a choice of options on maturity and, importantly, Cater Allen promises not to cross sell to your clients who have funds approaching maturity when they call to do their banking. Interest rates are also available on request for euro and US dollar Term Deposits. No withdrawals or additional deposits are permitted during the term.
The Reserve Account
Cater Allen's extensive experience working with businesses, limited companies, contractors and trusts means that the accounts and services offered for your clients have been specifically designed for their specialist requirements.
If your client's business, trust or organisation regularly sets aside funds to meet future obligations, such as monthly payroll or the purchase of capital equipment, our versatile Reserve Account allows them to achieve attractive returns while retaining instant access to their funds.
- 30 free day-to-day transactions per statement month
- Tiered interest rates that award higher balances
- Full banking facilities including a Cater Allen VISA Deferred-Debit card, Internet Banking, chequebook, standing orders and direct debits
- Free same-day transfers into other accounts held with Cater Allen
- Multi-skilled Telephone Client Team, based here in the UK!
The Cater Allen Reserve Account is also available as a US dollar and/or euro account, ideal for clients who regularly receive payments in these currencies. Your client will have the ability to move money between sterling, euro and US dollar Reserve Accounts as long as the accounts are held in the name of their business/organisation. The minimum initial deposit is £5,000 and a charge may be applied if your client fails to maintain this minimum account balance.
Personal Savings Accounts
Cater Allen's range of personal accounts is designed to provide every client with a portfolio of accounts that offers the ability to balance the access and banking services required for their current account funds, with the level of interest they would like to receive on their savings and fixed term deposits; all of which can be managed in a single view within Internet Banking or in a single phone call to a member of their client team. Cater Allen bank accounts are available to clients with initial deposits from £5,000.