Solutions for Clubs and Associations

Reserve Account for Clubs and Associations

A current account for clubs or associations that is available to be held in Sterling, Euro or US Dollars offering instant transfers between linked accounts and allowing up to 30 day to day transactions* per calendar month without incurring a transaction fee.

If the account balance goes below the £5,000 minimum required then a charge of £15 per month will apply.

 

* Day to day transactions on this account are: cheque withdrawals; cash machine withdrawals, cash withdrawals over the counter; Visa Deferred-Debit Card purchases including recurring transactions; Standing Orders; Direct Debits; bill payments and electronic payments.

Asset 30 Account - Issue Three

An account that offers an enhanced rate for a club or association's cash funds, providing that 30 days' notice can be given for each intended withdrawal. One penalty free withdrawal per annum is also permitted providing the balance is over £5,000.

Term Deposit Account

Our Sterling Term Deposit Accounts are designed to provide clubs or associations with a fixed return on funds of £50,000 and above that can be deposited for an agreed term between 3 months and 36 months.

 

Please note that no withdrawals/closures 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.