Why choose a Reserve Account for Pensions currency account?
- You'll pay no fees to maintain the account.
- Get up to 30 everyday debit transactions each month.
- Available to SIPP and SSAS holders through their pension provider.
- No charges when transferring between your Euro, Sterling, or US Dollar accounts under the same Customer Number.
Interest rates
Reserve Account (EUR) - € euro
| Balance | Gross % p.a. | AER % p.a. |
|---|---|---|
| €0+ | 0.00% | 0.00% |
Rates may vary and are correct as at 25 April 2022.
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.
Reserve Account (USD) - $ US Dollars
| Balance | Gross % p.a. | AER % p.a. |
|---|---|---|
| $0+ | 0.00% | 0.00% |
Rates may vary and are correct as at 25 April 2022.
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 by phone or by post.
- Interest paid on balances in pounds only.
- Everyday debit transactions on this account are cheque withdrawals, standing orders, Direct Debits, bill payments and electronic payments. For details of other transactions with charges, for example CHAPS, please see our Banking Tariff.
- This account is subject to availability and may be withdrawn from sale at any time without notice.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.
Key information for your application
It's important that you fully understand the account, interest rates and the relevant Terms and Conditions before submitting an application.
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.
Please contact your pension provider to discuss opening the account and completing an application form.
If you don't have a pension provider, please contact us at capbcet@caterallen.co.uk to discuss your options.
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