Why choose a Reserve Account for Trusts?
- We have years of experience with accounts for trusts.
- Get instant access to your funds.
- Pay no monthly, annual, or set up fees.
- Get up to 30 everyday debit transactions each month.
- You can monitor all trust fund accounts you're responsible for through a single log-in to Internet Banking.
Interest rates
Reserve Account for Trusts - £ pounds
| Balance | Gross % p.a. | AER % p.a. |
|---|---|---|
| £0+ | 0.00% | 0.00% |
Rates may vary and are correct as at 4 November 2021.
- Interest is calculated daily and credited quarterly.
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 5 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 for Trusts 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 transactions with charges, for example CHAPS, please see our Banking Tariff.
When your account is open, you can order a chequebook through Internet Banking, secure messaging, or by calling us.
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This account is subject to availability and may be withdrawn from sale at any time without notice.
For more support, read our Trusts frequently asked questions and Trusts glossary of terms.
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
If you're a professional adviser and have an existing relationship with us, please contact your Relationship Director for more information. If you're a professional adviser and would like to find out more about establishing a relationship with Cater Allen, please contact us at 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
What you need to know as a Trustee (pdf)
File size: 56.4 KB
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