Stunning save from Cater Allen - Savings - News - Moneyfacts


Stunning save from Cater Allen

Stunning save from Cater Allen

Category: Savings

Updated: 30/07/2009
First Published: 28/07/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Cater Allen Private Bank has extended its fixed rate portfolio with a bond that must be considered one of the leaders in its field.

The Private Client Savings Bond is a 12 month fixed term account that pays 4.00% on maturity on a minimum investment of £100K.

No early access or additions are permitted, while funds must be new to the institution and applicants must hold or open a Private Bank Account with Cater Allen, maintaining a balance of at least £5K for the term.

The high minimum investment level may deter some, but investors with a large lump sum should recognise the value of this product, which has been awarded four out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Savings rates plummet to fresh lows yet again

It’s becoming a recurring theme, and unfortunately, it’s showing no signs of stopping. Savings rates have plummeted to fresh lows once again as the impact of the base rate cut continues – and this month, product availability has followed.

Less than half of savings accounts beat inflation

Official figures show that inflation jumped up during September, with CPI rising to 1%. Not only does this mean that consumers may begin to feel the impact on their wallets, but there are now far fewer savings accounts that will beat inflation.

Number of savings accounts falls to record low

As if the continued drop in savings rates wasn’t bad enough, our latest research reveals another blow to already hard-pressed savers, with the number of accounts available having fallen to a record low.