Term Deposit Account

For pension/SIPP/SSAS clients with cash holdings of £50,000 or more, Cater Allen offers Fixed Term Deposits between 3 months and 36 months with an interest rate which is fixed on the day of deposit.

Interest rates are fixed on the day of deposit and on the basis that you place a deposit immediately. If you are not placing your deposit on that day the rates quoted are only indicative. We only accept deposits to a Term Deposit account via electronic transfer. Your current provider may charge you for this service. If a payment is being sent from abroad, there will be a charge depending on the currency and where it has been sent from. Please see our banking tariff for details. 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.

We offer a choice of options at maturity which you must provide to us via the Maturity Options Form, which you will receive 2 weeks before your Term Deposit matures:

  • an instruction can be given for us to automatically roll over the deposit, together with accrued interest into another fixed term at the then applicable rate;
  • the capital alone can be rolled-over into a new Term Deposit with the accrued interest paid into a pre-nominated bank account;
  • both capital and accrued interest can be transferred into a pre-nominated bank account;
  • if we have received repayment instructions from you, your deposit will be sent by electronic transfer into a bank account in your name. A fee may be payable for this, please see our banking tariff for details;
  • all written instructions for maturing Term Deposits should be made using the Term Deposit Maturity Options Form.

Please see the Term Deposit Account Fact Sheet for more information.

Available fixed rates can be found on our Interest rates page. 

Personal interest rates are available on Fixed Term Deposits for cash within SIPP and SSAS funds; for wholesale pension fund rates please refer to our non-personal interest rates.

How to apply

It is extremely important that clients fully understand the account, the interest rates and the relevant Terms and Conditions before submitting the application.

If you are not a professional adviser and are looking to apply for an account for a business, trust, charity, pension scheme, wrap, society, club, association or a church body/place of worship, then please call us on 0800 092 3300. Calls may be recorded or monitored.


All clients must:

  • Read and print or save all the below documents this must include the FSCS - Information Sheet and Exclusions List
  • Visit the interest rates page relevant to the Account
  • View the banking tariff
  • Complete, print and sign the application form
  • Post the form to us along with all necessary ID

Each application will usually be processed within 5 days of us receiving it as long as the application is completed correctly and accompanied by all required documents.

Please note, application forms posted to Cater Allen which are incorrect or incomplete will be automatically returned. If you need assistance when completing a form we are happy to help; please call us on 0800 092 3300 or contact your relationship manager. Calls may be recorded or monitored.

Literature and Downloads

We have created a handy document collation tool, which will allow you to gather all relevant account information into one single downloadable pack. This application pack can then be emailed directly to you or your client, by completing the simple online send form.

Term Deposits

NEW File:PDFSize:69KB Last Updated: 03/08/2018

Customer Identification Requirements

NEW File:PDFSize:61KB Last Updated: 03/08/2018

Term Deposit Terms And Conditions

NEW File:PDFSize:69KB Last Updated: 03/08/2018