UK private bank Cater Allen has launched a VISA Deferred-Debit Card, through which clients will continue to earn interest on the balance in their account until their statement date, even on their spending using the card. When clients use their card, the account balance shows the card transactions as pending so that the true account balance can be calculated, but for interest purposes card transactions are not applied to the account until the statement date, allowing clients to continue to earn interest. Clients can earn up to 30 days interest on funds which they have already spent using their card, according to the company. To qualify, clients must hold an average account balance of £5,000 (or a euro or US Dollar equivalent) for the six months preceding the application, and the VISA deferral does not apply to cash withdrawals.