Cater Allen is rolling out a bank account aimed at business rec-overy and insolvency specialists. N...
Cater Allen is rolling out a bank account aimed at business rec-overy and insolvency specialists.
Named the Cater Allen Insolvency Practitioners' Client Account, it allows business recovery and insolvency specialists to administer several accounts in liquidation under a single umbrella. The account pays interest of 5.125% on balances of £500,000 and over and 4.125% on balances of up to £500,000. Interest is credited on a monthly basis.
The account also offers regular management reports on all accounts under the firm's control along with monthly statements.
Paul Turtle, managing director of Cater Allen, said: "Cater Allen aims to satisfy the individual needs of its specialist clients, such as insolvency practitioners, by offering a range of uncomplicated products and services specifically designed to minimise time spent on administration and paperwork."
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