Solicitor's Client Account
3.50% AER* (3.44% Gross**) on client money deposits from £500,000 to £20,000,000.
Client Account Image Content
Is the Cynergy Solicitor's Client Account suitable for me?
Our Solicitor's Client Account is designed specifically for SRA-regulated solicitor firms with four or more partners to hold client money for customers on a pooled basis.
Easy access, with a competitive interest rate. Interest paid to your Cynergy Business Current Account (Office Account), on a monthly basis.
No monthly fees. Transaction fees are applicable. You can find more information in
Access funds on demand, with no notice periods or penalties. Withdrawals can only be made to your external linked Nominated Account that you set up when you open the account, and are subject to payment cut-off times, which are detailed in the .
Benefit from a designated specialist from our private banking team who will guide you through eligibility, onboarding, and ongoing support.
Please note This is a limited time offer and can be withdrawn at any time. apply.
Designed to meet applicable SRA and FCA requirements. For SRA-regulated solicitors firms with four or more partners, each expected to employ at least 20 staff members and generate an annual turnover exceeding £1 million. Require a nominated account to be provided as your operational external operational client account. This must be the account that any deposits to the Client Account are made from, and any withdrawals must also be made to this account. Your Cynergy Business Current Account will function as your “Office Account” and is where any interest earned on the Client Account will be paid to, in order to maintain clear segregation of client funds.
We pay 3.50% AER* (3.44% Gross) on client money deposits from £500,000 to £20,000,000.
For more information, please contact clientaccount@cynergybank.co.uk .
The gross rate is 3.44% which is tracking 0.31% (the margin) below the Bank of England Base Rate of 3.75% (subject to change). Interest is calculated daily and paid monthly on the date your account was opened. Interest will be added to your Cynergy Office Account. Rates effective after 4:00pm on 1 January 2026.
What would the estimated balance be after 12 and 24 months based on the example deposit amounts?
Deposit at account opening | Estimated balance after the first 12 months | Estimated balance after 24 months |
|---|---|---|
£500,000 | £517,473.84 | £535,558.34 |
£1,000,000 | £1,034,947.61 | £1,071,116.54 |
£10,000,000 | £10,349,475.56 | £10,711,164.43 |
This example is illustrative only and not based on individual circumstances. It also assumes no further deposits or withdrawals are made, and there's no change to the interest rate.
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
**Gross interest is the rate of interest before the deduction of income tax. The tax treatment and the rate of interest payable depend on individual circumstances and may be subject to change in the future.