Cater Allen deposit account launch

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Cater Allen deposit account launch

A new savings account product is being offered by private bank Cater Allen.

The Cater Allen deposit account is 12-month term deal that offers savers an interest rate of 6.15 per cent.

Available until the end of June, the Cater Allen deposit account is backed by Abbey and all deposits are 100 per cent guaranteed.

Head of marketing at Cater Allen Sally Watts said that the firm is geared towards working for advisers and their clients.

"We've launched this account in response to the shortage of high-quality cash accounts geared towards the intermediary market, at a time when clients want to put money into cash," she remarked.

She added that the company is "committed" to providing a "high-quality service"

The minimum deposit for the account is £50,000.

Yesterday, the arrival of the New Star Indian Equity Fund was announced, promising medium-to-long-term capital growth for UK investors.ADNFCR-323-ID-18621808-ADNFCR

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