Text Size:  A  A  A

Choosing A Bank

Choosing a bank for retired people and those in need of care

Choosing a bank for trustees and attorneys is now made easy for you with personal and private banking at its best at the Pensions Bank. Their service is just like it used to be in days gone by, with the same people you can talk to on every call.

equityCare offers an easy to use banking facility, through Pensions Bank Limited, for the representatives and attorneys of those in a residential home or receiving care at home.

This small investment bank was established as an independent private bank over 35 years ago specifically to focus on and support the pensions and trust sector.

The service will give you access to the following benefits:

• A small team providing a traditional banking service, without call centres, who are very familiar with dealing with accounts operated by those acting on behalf of others such as Attorneys, Receivers and Deputies
• The account can be operated by post and viewed over the internet
• A seven day notice interest bearing account which is reviewed weekly in line with Libor market movements
• Includes a monthly sweep of surplus balances to the interest bearing account to maximise interest
• No account charges subject to a minimum balance of £3,000 being held in the current account
• Access to independent specialists within equityCare on elderly care issues

Pensions Bank Limited is a UK bank authorised and regulated by the Financial Services Authority.

They are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors – including most individuals and small businesses– are covered by the scheme.*

For more information about the equityCare Bank Account, simply call the freephone equityCare helpline on 0800 014 1640 or complete an initial enquiry form.
 

Disclaimer

The information contained on this site relating to the equityCare Bank Account is presented as a general guide only and any action you are considering will depend on your individual circumstances. You are recommended to obtain detailed professional advice before embarking upon any course of action. equityCare Limited, equityCare Legal Services and Pensions Bank Limited do not accept any responsibility for action which may be taken as a result of having read the information contained on this site.
 

* In respect of deposits, an eligible depositor is entitled to claim up to £50,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £50,000 each making a total £100,000. The £50,000 limit relates to the combined amount in all the eligible depositor's accounts with the bank, including their share of any joint account, and not to each separate account.

For further information about the compensation scheme (including the amounts covered and eligibility to claim) please ask Pensions Bank Limited (email banking@pensionsbank.co.uk), refer to the FSCS website www.FSCS.org.uk or call the FSCS on 0207 892 7300.