Cater Allen financial security

Cater Allen is part of the Santander Group. All deposits held with Cater Allen Private Bank are fully and unconditionally guaranteed by Santander UK plc.

Santander UK currently has a credit rating of A (Standard and Poor's) one of the highest credit ratings of any UK bank. The bank is focused on retail banking, with no exposure to toxic assets such as sub-prime mortgages. For full details of Santander UK's credit ratings please click here.

Cater Allen Private Bank has its own banking license so is regulated by the Financial Services Authority and is covered by the Financial Services Compensation Scheme. Most depositors, including most individuals, and small businesses, are covered by the scheme.

Our Financial Security Factsheet can be downloaded below and includes infomation about the strength, structure and security of Cater Allen and Santander UK.

Important information about compensation arrangements

For bank accounts and deposit based products, Cater Allen is covered by the Financial Services Compensation Scheme (FSCS), with each eligible depositor covered up to £85,000 as a combined amount across his/her Cater Allen accounts, including their share of any joint accounts. Any money held in one of Cater Allen's Structured Deposit Products would also be counted in the £85,000 limit.

Cater Allen has also previously offered Structured Investment Products that were provided by Santander ISA Managers Limited and included a capital guarantee that was provided by Santander Guarantee Company. These products may be covered by the FSCS in relation to claims against Santander ISA Managers, Cater Allen or Santander UK plc and their roles in the selling, arrangement, administration or management of the Plan, although a claim based solely on the guarantee would not be. The limit for this type of claim is currently £50,000.  Our Plan specific Product Guides contain details relating to cover provided.

For further information about the Scheme (including the amounts covered and eligibility to claim) please call us on 0800 028 1200, refer to the FSCS website www.FSCS.org.uk or call 
0207 741 4100 or 0800 678 1100.