Why choose a Reserve Account for Charities?
- 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.
Interest rates
Reserve Account for Charities - £ 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.
Additional information
- 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- This account is subject to availability and may be withdrawn from sale at any time without notice.
- We'll support you if you've fallen victim to a fraud. You can find out more about our approach to fraud, on our website.
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 capbcet@caterallen.co.uk.
To view the interest rates for this account, scroll up to the Interest rates section above. To view all of our interest rates go to our Interest rates page.
Key documents
A guide to our complaints process (pdf)
File size: 84.1 KB
A guide to your account (pdf)
File size: 995.1 KB
Banking Tariff (pdf)
File size: 71.0 KB
Change of Details Form
File size: 137.2 KB
FSCS Information Sheet and Exclusions List (pdf)
File size: 572.8 KB
Helping you manage your non-personal account (pdf)
File size: 1.2 MB
International payment request form (pdf)
File size: 58.8 KB
Internet Banking registration guide (pdf)
File size: 699.5 KB
Standing order mandate (pdf)
File size: 201.0 KB
Sanctions Exposure Questionnaire (pdf)
File size: 1.6 MB