Pooled savings accounts for FCA regulated firms

Banking that supports deposit aggregation and client savings oversight.

Cater Allen works with cash managers and deposit aggregators to support the effective management of client savings through pooled savings accounts.

Our accounts are designed for firms regulated by the Financial Conduct Authority (FCA), helping you manage client deposits efficiently while maintaining clear oversight, appropriate controls and confidence for clients.

Who is this banking designed for?

Our cash management banking supports:

deposit aggregators and cash managers

FCA-regulated businesses overseeing client deposits

firms introducing pooled or institutional client monies in line with regulatory requirements

Managing savings more effectively

Cash managers need banking that supports accuracy, transparency and reliability. Our pooled savings accounts help you to:

hold and manage client savings through pooled structures

maintain clear oversight of client deposits

support compliant management of client funds

reduce administrative effort through clear account structures

provide clients with confidence in how their savings are held

Our approach is focused on making pooled savings straightforward to manage and easy to oversee.

How we support cash managers

Relationship support

Work with a dedicated relationship team that understands deposit aggregation models and supports you from onboarding through to ongoing account management.
Clear account oversight

Benefit from account structures designed to support transparency and appropriate controls for pooled client savings.
Reporting and visibility

Weekly reports to support internal oversight, client communication and ongoing administration.
Strength and protection

Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS), and accounts benefit from the backing of Santander UK plc.

Why cash managers choose Cater Allen

Cash managers and deposit aggregators choose Cater Allen because we offer:

banking aligned to pooled savings and client deposit models

clear structures that support oversight and confidence

relationship teams familiar with regulated cash management

digital processes that reduce manual administration

the stability of a UK bank backed by a major banking group

Our focus is on supporting firms that manage client savings responsibly and transparently.

If you're a cash manager or deposit aggregator regulated by the Financial Conduct Authority (FCA) and looking for a banking partner to support pooled client savings, we're ready to help. Contact us to discuss how we can support your business and your clients.

What our partners say

"Cater Allen have been a trusted partner for us for many years, providing trust bank accounts, trust savings accounts and a range of trust Fixed Term Deposit Accounts with competitive interest rates. They're easy to deal with and provide a high level of service - I would recommend them to other businesses."

Lisa Simpson | Trustee Accounts Specialist, Trustee Accounts

"I've worked with Cater Allen on a large number of personal injury trust bank accounts for vulnerable clients. They are my go-to provider due to the online banking facilities. The introduction of their online application process has significantly improved efficiency, and I'm hopeful this continues. The support from our dedicated relationship manager has always been friendly and responsive, making the overall process much smoother."

Stephen Farnfield | APFS, Director, Paladin Group

"We hold Cater Allen accounts for trusts that we administer, and for attorneyship and deputyship clients. We are impressed with how quick and easy it is to withdraw funds from the accounts – funds are usually received on the same day they are requested, which enables us to efficiently manage client assets. A meeting with the Relationship Support team every few months also gives us the opportunity to provide feedback or suggest ways in which the service could be further improved."

Sue Knowles | Trust Manager, Ashfords

"Cater Allen gives us the confidence that our SSAS funds are managed through a secure, well-structured banking solution backed by a team who genuinely understand the sector. Their service has made a meaningful difference to our ability to manage and administer pension schemes scheme effectively and providing clients 24/7 visibility of their SSAS bank account. I would not hesitate to recommend them to other SSAS trustees or advisers looking for a reliable and knowledgeable banking partner."

Premal Prajapati | Director, Intrusted Pensions LTD

"We have partnered with Cater Allen for SSAS accounts because they combine a genuine understanding of the SSAS market with the backing of a large banking group. We are looked after by Chris Sanderson who is always on hand with his team. Cater Allen offer true dual online authorisation whereby both the pension provider and the client need to authorise transactions, and as another differentiator they involve us in the ongoing development of their online tools."

Andrew Roberts | Head of SSAS, Barnett Waddingham LLP

"With banks shying away from trusts, it is great to be working with an experienced and professional bank. I must say your new onboarding system has made it easier for me to help clients open accounts more quickly than before."

Mark Thompson | Mark Thompson Law

"I have now submitted 3 cases on the new online system, and I have say what a game changer! It’s so easy to use and if anything is required there is a simple response task to complete where you can attach any missing documentation. I had one of my accounts open within 5 working days which is so much faster than the paper-based approach previously used and saves my time which is of course precious. The improvement is helping my business in this area so thank you for making the process so streamline and succinct."

Matthew Isaacs | Bloomfield & Associates

"Cater Allen have delivered online access for our clients as well as an online onboarding process and our clients have welcomed this modern approach to SSAS banking. They also offer various accounts with differing access and interest rates to suit our client’s needs. We would highly recommend them and look forward to building our relationship further."

Steve Hart | Morhart Pensions