Cynergy Bank launches new Solicitor’s Client Account

Cynergy Bank has launched a Solicitor’s Client Account, with a competitive 3.50% interest rate on deposits from £500,000 to £20,000,000.

This move into the client money space kick starts a new strategic growth initiative for Cynergy Bank, as it expands the ways it supports UK businesses. Cynergy Bank recognises how underserved the sector is, and knows what solicitors need to protect client funds.

By combining technology with a personal touch through its ‘human digital’ approach, Cynergy Bank is challenging traditional mid-market providers and supporting scale-up businesses on their growth journey. Each Solicitor’s Client Account is paired with a dedicated specialist from Cynergy Bank’s Professional & Business Banking team, providing ongoing guidance and support.

The Solicitor’s Client Account is designed specifically for SRA-regulated solicitor firms with four or more partners. Interest on pooled funds is credited to linked Cynergy Business Current Accounts, with full access to all funds on demand.

The account complements Cynergy Bank’s wider suite of business products, including the Business Saver and Business Current Accounts, both currently offering 3.50% AER monthly.

Liam Hutchings, director of Private & Business Banking at Cynergy Bank, said: “With the Solicitor’s Client Account, our focus is on fairness and transparency. In this sector, headline rates are often inconsistent, with actual deals varying depending on location or relationship manager.

“Our goal is to offer a genuinely competitive rate for all law firms, so clients know exactly what they will receive. Combined with expert support from our Professional & Business Banking team, this account makes managing client money straightforward and reliable.”