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Reserve Account for Charities

A current account that gives charities instant access to funds.

Why choose a Reserve Account for Charities?

Charity accounts are currently unavailable to new customers due to a high volume of enquiries.

  • You'll pay no fees to maintain the account.
  • You'll get interest paid on balances over £500,000.
  • Instant access to your funds.
  • Get up to 30 day-to-day debit transactions each month.

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 Reserve Account online or manage it by phone or by post.
  • Everyday debit transactions on this account are: cheque withdrawals, standing orders, Direct Debits, bill payments and electronic payments. For details of other with charges, for example CHAPS, please see our Banking Tariff.
  • Available in pounds only.
  • 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  • This account is subject to availability and may be withdrawn from sale at any time without notice.

Reserve Account for Charities - £ pounds

Fixed Term Deposit Account - & pounds
Balance Gross % p.a. AER % p.a.
£500,000+ 0.05% 0.05%
£0+ 0.00% 0.00%

Rates may vary and are correct as at 29 June 2020.

  • Interest rates are variable and tiered.
  • Interest is calculated daily and credited monthly.
  • No interest is paid on accounts with balances below £500,000.

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

If you are an intermediary and have an existing relationship with us, please contact your Relationship Director for more information. If you are a financial intermediary and would like to find out more about establishing a relationship with Cater Allen, please contact us on

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

Change of Details Form

File size: 137.2 KB

FSCS Information Sheet and Exclusions List (pdf)

File size: 1.7 MB

Helping you manage your non-personal account (pdf)

File size: 46.3 KB

International payment request form (pdf)

File size: 58.8 KB

Standing order mandate (pdf)

File size: 201.0 KB