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Private Bank Account

Our personal current account. Made to make banking easy and efficient for all.

Why choose a Private Bank Account?

  • You'll pay no fees to maintain the account.
  • Unlimited free everyday debit transactions every month.
  • Get a contactless Visa Debit card. A quick and secure way to pay in the UK and abroad.
  • You can have up to 4 account holders.
  • You don't need an overdraft.

Additional information & interest rates

  • We'll open your new account within 7 days. It'll be quicker if you're an existing customer, opening an account with us in the same name, as long as your circumstances haven't changed.
  • Please make sure all sections of your application are complete, and you've attached the supporting documents listed within the Customer Identification Requirements (pdf) document. If anything is missing, this might cause a delay.
  • You can view your Private Bank Account online or manage it over the phone or by post.
  • Everyday debit transactions on this account are: Visa Debit Card transactions, including recurring transactions; cheque withdrawals; cash machine withdrawals; standing orders; Direct Debits; bill payments and electronic payments. For details of other transactions which incur charges, for example CHAPS, please refer to our Banking Tariff and Fee Information Document.
  • Overdrafts aren't available. If you think you may need an overdraft, this account isn't right for your needs.
  • This account is subject to availability and may be withdrawn from sale at any time without notice.

Private Bank Account - £ pounds

Fixed Term Deposit Account - & pounds
Balance Gross % p.a. AER % p.a.
£500,000+ 1.09% 1.10%
£100,000+ 0.95% 0.95%
£0+ 0.40% 0.40%

Rates may vary and are correct as at 4th September 2023.

  • Interest is calculated daily and credited monthly.
  • Rates are variable and tiered.

The gross rate is the interest rate we pay where no income tax has been deducted.

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year.

How to apply

It's important that you fully understand the account, interest rates and the relevant Terms and Conditions before submitting an application.

Please scroll down to 'Literature downloads' below, where you can download the Personal Account Application Form and Mandate, and Customer Identification Requirements.

Please complete these forms on your device or in writing in BLOCK CAPITALS and black ink, and send with your required identification and any other documents to:

Cater Allen Operations
Sunderland
SR43 4FB

To view the interest rates for this account, click on Interest rates in the 'Additional information & interest rates' section above. To view all of our interest rates go to our Interest rates page.

Literature downloads

A guide to our complaints procedure (pdf)

File size: 32.0 KB

A guide to your account (pdf)

File size: 808.9 KB

Banking Tariff (pdf)

File size: 59.0 KB

Cater Allen Visa Debit Card Guide (pdf)

File size: 422.0 KB

Change of Details Form

File size: 137.2 KB

FSCS Information Sheet and Exclusions List (pdf)

File size: 1.7 MB

Glossary of standardised terms (pdf)

File size: 38.7 KB

International payment request form (pdf)

File size: 58.8 KB

Standing order mandate (pdf)

File size: 201.0 KB