Business Notice Account 95
The Cater Allen Business Notice Account 95 is designed for an organisation's funds on which your client can give 95 days' notice of any withdrawal.
There is no limit on the number of withdrawals permitted, providing that this notice is given, although the account must be open for 30 days before the first notice of withdrawal can be given.
The Account is ideal if your business clients have earmarked reserve funds for future expenditure but, at the same time, are looking for a favourable return.
Interest is calculated daily and credited to the account on a monthly basis net or gross depending upon the type of organisation, with quarterly statements showing all transactions on the account. Business clients can also arrange to transfer monthly interest to another business account with Cater Allen or via BACS to an account held with another financial institution.
A minimum deposit of £25,000 is required to open a Business Notice Account 95. Additional funds can be added to the account either electronically (e.g. Standing Order from another account) or by sending us cheques using our pre-paid envelopes.
Please see the Business Notice Account 95 Factsheet and Non-Personal Terms and Conditions for more information.
Interest rates are variable, please see current available interest rates.
How to apply
It is vital that every client, whether applying for a Cater Allen account directly with us or via a financial adviser or intermediary, fully understands the Account, the Interest Rates and the relevant Terms and Conditions before submitting the application.
Checklist
All clients must:
- Read and print or save all the below documents
- Visit the interest rates page relevant to the Account
- Complete, print and sign the application form
- Post the form to us along with all necessary ID
Each application will usually be processed within 10 days of us receiving it.
Please note, application forms posted to Cater Allen which are incorrect or incomplete will be automatically returned. If you need assistance when completing a form we are happy to help; please call us on 0800 092 3300 or contact your relationship manager.