Interest Rates

Listed below are the current interest rates for our on-sale and off-sale bank accounts and savings products. All of our on-sale accounts, excluding fixed term deposits, are subject to variable rates of interest.

For Term Deposit rates available to SIPP/SSAS deposits, please see 'Term Deposit Account (Personal)'.

You can download our Interest rates Fact Sheet here.

For Term Deposit requirements above £5m please call us on 0800 092 5500.

Term Deposit Account (Non-Personal) (£ GBP) - Interest rates (% p.a.)

Interest payable is fixed

Balance

Gross % p.a.*

AER%**

3 Months

£50,000 +

0.30

0.30

6 Months

£50,000 +

0.40

0.40

9 Months

£50,000 +

0.50

0.50

12 Months

£50,000 +

0.70

0.70

24 Months

£50,000 +

0.80

0.80

36 Months

£50,000 +

1.00

1.00

Rates correct as at 21 September 2018

  • Minimum deposit of £50,000
  • No withdrawals/closures or additional deposits are permitted during the fixed term. However, should there be extenuating circumstances, early withdrawal/closure will be considered, at the complete discretion of Cater Allen Limited. In these instances your account will only be credited with the capital. In the event of the death of the holder of the account, the capital will be repaid with interest earned to date
  • Interest rates are fixed on the day of deposit for the entire term of the deposit
  • Interest rates will be calculated daily and will be credited on maturity (some exemptions apply)
  • For Terms of two years or more, interest can be paid annually by request
  • For deposits above £5m, please contact us on 0800 092 5500 (free from UK landlines)
  • These interest rates are not available on deposits from financial institutions, local authorities or plcs
  • At maturity, if instructions are not provided we will open a Term Maturity Account and transfer your Term Deposit funds into it. The Term Maturity Account has an interest rate of 0.50% gross AER.

Please see the Term Deposit Account product page and associated fact sheet for more information.

*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.

  • Excludes treasury deposits from financial or insurance entities.
  • Please note that, if you have a Financial Adviser they may receive commission from Cater Allen Private Bank in respect of your Account.