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Reserve Account for Trusts

A versatile current account that enables trustees to manage funds held in trust on behalf of their clients.

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.

Additional information & interest rates

  • We'll open your new account within 21 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.
  • 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  • This account is subject to availability and may be withdrawn from sale at any time without notice.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.

Reserve Account for Trusts - £ pounds

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.

How to apply

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.

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: 49.4 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