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Summary Box
Trustee Reserve Account
X.XX% Gross/AER*
What is the interest rate?
– X.XX% Gross/AER**This product is available to XYZ only
* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Can United Trust Bank change the interest rate?
Yes. The interest rate is variable and can therefore move up and down. Please see clause A4.3 – A4.5 (inclusive) of our Terms and Conditions for further information.What would the estimated balance be after XX months based on a £5,000 deposit?
£X,XXX,XX.This assumes the interest rate does not change and assumes that no withdrawals or deposits are made during the first year.
The projections provided are for illustrative purposes only and do not take into account individual circumstances.
How do I open and manage my account?
To open an account:
– You need to be 18 or over and permanently reside in the United Kingdom.
– The account can be held jointly by up to two people.
– The minimum balance is £5,000.00 per account and must be kept in the account at all times.
– The maximum balance is £5,000,000.00 per account.
– You can open our personal accounts online at our website, www.utbank.co.uk.
– A Nominated Bank Account must be provided when applying for an account. This must be a transactional UK Bank account, and must be in your name.
– You have 14 days after submitting your application to fund your account, which needs to be sent from your Nominated Account either electronically or a cheque. If it is not funded within the 14 days we will close the account.To manage the account:
– You can communicate and manage your account via online banking, email, post or telephone.Can I withdraw money?
Yes. Funds will be sent to your Nominated Bank Account upon withdrawal request and you can make x amount of withdrawals per month.How to make a withdrawal:
Once your account is open, you can make unlimited additional deposits from and withdrawals to your Nominated Bank Account, subject to the account maximum and minimum balance requirement for your account being met.A withdrawal request can be made via Online Banking, by email, in writing or using the contact us form on our website. Please confirm your name, account number, amount of withdrawal and confirmation of your nominated bank account. If you make a withdrawal request using online banking before 5:00 PM, the funds should reach your Nominated Bank Account on the same business day. If the request is made after 5:00 PM, it will be processed the next business day.
For joint accounts, the request must follow the signing rules and be received before 5:00 PM to be processed on the same day. If you send a withdrawal request by post or email before 2:00 PM, the funds should reach your Nominated Bank Account on the same business day. If the request is made after 2:00 PM, it will be processed the next business day.
For more details, please refer to Sections E1.6 – E1.7 of the Terms and Conditions.
Additional information
– Rates correct at the time of issue. Offers can be withdrawn at any time.
– Opening the account is subject to our Terms and Conditions.
– Interest is paid Gross i.e. without the deduction of tax.
– Tax treatment depends on individual circumstances and could change in the future.Need some help with our Personal accounts?
Here you can find answers to our most common questions. If you still cannot find what you are looking for, please use the contact us form within our ‘How can we help’ section.Please take time to read and understand our Terms and Conditions before applying for any of our accounts.
We understand Trust Product Accounts.
Savings solutions for trustees, who have control over assets or money provided by a settlor.
Savings Solutions for Trustees
Empowering trustees with tailored financial tools to manage and protect trust assets responsibly.
Our Trust Product Suite is designed specifically for individuals or professional trustees who have control over assets or funds provided by a settlor. These accounts support long-term capital management in line with fiduciary duties, offering transparency, compliance, and peace of mind.
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Trustee 5 Year Bond
X.XX% Gross/AER*
What is the interest rate?:
– X.XX% Gross/AER*This product is available to XYZ only
The interest is calculated daily using the cleared balance of the account and paid on maturity.
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Can United Trust Bank change the interest rate?
No. The interest rate is fixed for the term of the bond.What would the estimated balance be after 12 months based on a £5,000 deposit?
£X,XXX,XX.The projection provided is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open an account:
– You need to be 18 or over and permanently reside in the United Kingdom.
– The account can be held jointly by up to two people.
– The minimum balance is £5,000.00 per account.
– The maximum balance is £5,000,000.00 per account.
– You can open our personal accounts online at our website, www.utbank.co.uk.
– A Nominated Bank Account must be provided when applying for an account. This must be a transactional UK Bank account, and must be in your name.
– You have 14 days after submitting your application to fund your account, which needs to be sent from your Nominated Account either electronically or a cheque. If it is not funded within the 14 days we will close the account.To manage the account:
– You can communicate and manage your account via our online banking, email, post or telephone.Can I withdraw money?
No. Withdrawals, transfers or closures are not permitted before the maturity date.Upon maturity, the funds will be placed into the Trustee Reserve account. You will be notified prior to maturity, with the options available, should you wish to place the funds into a different product.
Please see section E of our Terms and Conditions for additional information about our easy access account.
Additional information
– Rates correct at the time of issue. Offers can be withdrawn at any time.
– Opening the account is subject to our Terms and Conditions.
– Interest is paid Gross i.e. without the deduction of tax.
– Tax treatment depends on individual circumstances and could change in the future.Need some help with our Trustee accounts?
Here you can find answers to our most common questions. If you still cannot find what you are looking for, please use the contact us form within our ‘How can we help’ section.Please take time to read and understand our Terms and Conditions before applying for any of our accounts.
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Trustee 1 Year Bond
X.XX% Gross/AER*
What is the interest rate?:
– X.XX% Gross/AER*This product is available to XYZ only
The interest is calculated daily using the cleared balance of the account and paid on maturity.
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Can United Trust Bank change the interest rate?
No. The interest rate is fixed for the term of the bond.What would the estimated balance be after XX months based on a £5,000 deposit?
£X,XXX,XX.The projection provided is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open an account:
– You need to be 18 or over and permanently reside in the United Kingdom.
– The account can be held jointly by up to two people.
– The minimum balance is £5,000.00 per account.
– The maximum balance is £5,000,000.00 per account.
– You can open our personal accounts online at our website, www.utbank.co.uk.
– A Nominated Bank Account must be provided when applying for an account. This must be a transactional UK Bank account, and must be in your name.
– You have 14 days after submitting your application to fund your account, which needs to be sent from your Nominated Account either electronically or a cheque. If it is not funded within the 14 days we will close the account.To manage the account:
– You can communicate and manage your account via our online banking, email, post or telephone.Can I withdraw money?
No. Withdrawals, transfers or closures are not permitted before the maturity date.Upon maturity, the funds will be placed into the Trustee Reserve account. You will be notified prior to maturity, with the options available, should you wish to place the funds into a different product.
Please see section E of our Terms and Conditions for additional information about our easy access account.
Additional information
– Rates correct at the time of issue. Offers can be withdrawn at any time.
– Opening the account is subject to our Terms and Conditions.
– Interest is paid Gross i.e. without the deduction of tax.
– Tax treatment depends on individual circumstances and could change in the future.Need some help with our Personal accounts?
Here you can find answers to our most common questions. If you still cannot find what you are looking for, please use the contact us form within our ‘How can we help’ section.Please take time to read and understand our Terms and Conditions before applying for any of our accounts.
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Trustee 90 Day Notice Account
X.XX% Gross/AER*
What is the interest rate?
X.XX% Gross/AER**
This product is available to XYZ only.
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Can United Trust Bank change the interest rate?
Yes. The interest rate is variable and can therefore move up and down. Please see clause A4.3 – A4.5 (inclusive) of our Terms and Conditions for further information.What would the estimated balance be after XX years based on a £5,000 deposit?
£X,XXX.XX.This assumes the interest rate does not change and no withdrawals or deposits are made during the year. The projections provided are for illustrative purposes only and do not take into account individual circumstances.
How do I open and manage my account?
To open an account:
– You need to be 18 or over and permanently reside in the United Kingdom.
– The account can be held jointly by up to two people.
– The minimum balance is £5,000.00 per account.
– The maximum balance is £5,000,000.00 per account.
– You can open our personal accounts online at our website, www.utbank.co.uk.
– A Nominated Bank Account must be provided when applying for an account. This must be a transactional UK Bank account, and must be in your name.
– You have 14 days after submitting your application to fund your account, which needs to be sent from your Nominated Account either electronically or a cheque. If it is not funded within the 14 days we will close the account.To manage the account:
– You can communicate and manage your account via our online banking, email, post or telephone.Can I withdraw money?
Yes, You can make unlimited amount of deposits and withdrawals subject to the account maximum and minimum balance requirement for your account being met.You must provide us with 90 days’ notice in order to make a withdrawal.
Additional information
– Rates correct at the time of issue. Offers can be withdrawn at any time.
– Opening the account is subject to our Terms and Conditions.
– Interest is paid Gross ie. without the deduction of tax.
– Tax treatment depends on individual circumstances and could change in the future.Need some help with our Personal accounts?
Here you can find answers to our most common questions. If you still cannot find what you are looking for, please use the contact us form within our ‘How can we help’ section.Please take time to read and understand our Terms and Conditions before applying for any of our accounts.
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Trustee 10 Day Notice Account
X.XX% Gross/AER*
What is the interest rate?
X.XX% Gross/AER**
This product is available to XYZ only.
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Can United Trust Bank change the interest rate?
Yes. The interest rate is variable and can therefore move up and down. Please see clause A4.3 – A4.5 (inclusive) of our Terms and Conditions for further information.What would the estimated balance be after XX years based on a £5,000 deposit?
£X,XXX.XX.This assumes the interest rate does not change and no withdrawals or deposits are made during the year. The projections provided are for illustrative purposes only and do not take into account individual circumstances.
How do I open and manage my account?
To open an account:
– You need to be 18 or over and permanently reside in the United Kingdom.
– The account can be held jointly by up to two people.
– The minimum balance is £5,000.00 per account.
– The maximum balance is £100,000.00 per account.
– You can open our personal accounts online at our website, www.utbank.co.uk.
– A Nominated Bank Account must be provided when applying for an account. This must be a transactional UK Bank account, and must be in your name.
– You have 14 days after submitting your application to fund your account, which needs to be sent from your Nominated Account either electronically or a cheque. If it is not funded within the 14 days we will close the account.To manage the account:
– You can communicate and manage your account via our online banking, email, post or telephone.Can I withdraw money?
Yes, you can make unlimited amount of deposits and withdrawals subject to the account maximum and minimum balance requirement for your account being met.You must provide us with 10 days’ notice in order to make a withdrawal.
Additional information
– Rates correct at the time of issue. Offers can be withdrawn at any time.
– Opening the account is subject to our Terms and Conditions.
– Interest is paid Gross ie. without the deduction of tax.
– Tax treatment depends on individual circumstances and could change in the future.Need some help with our Personal accounts?
Here you can find answers to our most common questions. If you still cannot find what you are looking for, please use the contact us form within our ‘How can we help’ section.Please take time to read and understand our Terms and Conditions before applying for any of our accounts.
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Trustee Easy Access
X.XX% Gross/AER*
What is the interest rate?
– X.XX% Gross/AER**This product is available to XYZ only.
* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Can United Trust Bank change the interest rate?
Yes. The interest rate is variable and can therefore move up and down. Please see clause A4.3 – A4.5 (inclusive) of our Terms and Conditions for further information.What would the estimated balance be after XX months based on a £5,000 deposit?
£X,XXX,XX.This assumes the interest rate does not change and assumes that no withdrawals or deposits are made during the first year.
The projections provided are for illustrative purposes only and do not take into account individual circumstances.
How do I open and manage my account?
To open an account:
– You need to be 18 or over and permanently reside in the United Kingdom.
– The account can be held jointly by up to two people.
– The minimum balance is £5,000.00 per account.
– The maximum balance is £100,000.00 per account.
– You can open our personal accounts online at our website, www.utbank.co.uk.
– A Nominated Bank Account must be provided when applying for an account. This must be a transactional UK Bank account, and must be in your name.
– You have 14 days after submitting your application to fund your account, which needs to be sent from your Nominated Account either electronically or a cheque. If it is not funded within the 14 days we will close the account.To manage the account:
– You can communicate and manage your account via online banking, email, post or telephone.Can I withdraw money?
Yes. Funds will be sent to your Nominated Bank Account upon withdrawal request and you can make unlimited amount of deposits and withdrawals subject to the account maximum and minimum balance requirement for your account being met.How to make a withdrawal:
Once your account is open, you can make unlimited additional deposits from and withdrawals to your Nominated Bank Account, subject to the account maximum and minimum balance requirement for your account being met.A withdrawal request can be made via Online Banking, by email, in writing or using the contact us form on our website. Please confirm your name, account number, amount of withdrawal and confirmation of your nominated bank account. If you make a withdrawal request using online banking before 5:00 PM, the funds should reach your Nominated Bank Account on the same business day. If the request is made after 5:00 PM, it will be processed the next business day.
For joint accounts, the request must follow the signing rules and be received before 5:00 PM to be processed on the same day. If you send a withdrawal request by post or email before 2:00 PM, the funds should reach your Nominated Bank Account on the same business day. If the request is made after 2:00 PM, it will be processed the next business day.
For more details, please refer to Sections E1.6 – E1.7 of the Terms and Conditions.
Additional information
– Rates correct at the time of issue. Offers can be withdrawn at any time.
– Opening the account is subject to our Terms and Conditions.
– Interest is paid Gross i.e. without the deduction of tax.
– Tax treatment depends on individual circumstances and could change in the future.Need some help with our Personal accounts?
Here you can find answers to our most common questions. If you still cannot find what you are looking for, please use the contact us form within our ‘How can we help’ section.Please take time to read and understand our Terms and Conditions before applying for any of our accounts.
Savings Interest Calculator
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Customer support and life moments
Get the support you need when you need need it.
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Manage your account
Update your details, open additional accounts or sign up for online banking.
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FAQs
Find answers to the most common questions about our deposit accounts.
Frequently asked questions
How do I attach a document via secure messaging?
When you send us a message and need to attach supporting documents, for instance if you want to update your name, there will be an option just underneath the message box where you can find the file on your computer and attach it:
Please note that only PDF documents up to 6MB are accepted.
How do I change my contact preferences?
You can change which methods of contact you prefer via online banking. Once you have logged in, please select ‘My Details’ then ‘Preferences’. You will then have the option of selecting which methods you want for both general contact and marketing communications.
How do I change my mobile security setting?
To update your Two Factor Authentication (2FA) preferences, select ‘My Details’ and ‘Mobile Security’.
If you currently have SMS notifications and wish to opt for Push Notifications, you will need to download the SecurEnvoy Authenticator app from a relevant app store and proceed with Push Notification enrolment. An email will be sent to your registered email address with a one-time code to input on screen. To complete registration, scan the QR code when prompted using the SecurEnvoy Authenticator app.
If you currently have Push notifications and wish to opt for SMS Notifications, you will receive a one-time code and you can then proceed to enrol for SMS notifications.
How do I change my interest preferences?
In online banking, select the account you wish to update and then select ‘My Linked Account’. Here you have the option to compound interest or to have it paid to your nominated bank account. Please note, you are only able to have interest paid back automatically if you have a Notice Account or a Fixed Term Bond over one year.
You will need to ensure you have selected a linked account to make any payments to your nominated bank.
For business and charity customers registered online, simply send us a secure message with the request. Please note, this must be in accordance with your account mandate, i.e. if changes require two signatories, we will need both to confirm before we update your preferences.
Frequently asked questions
How do I attach a document via secure messaging?
When you send us a message and need to attach supporting documents, for instance if you want to update your name, there will be an option just underneath the message box where you can find the file on your computer and attach it:
Please note that only PDF documents up to 6MB are accepted.
How do I change my contact preferences?
You can change which methods of contact you prefer via online banking. Once you have logged in, please select ‘My Details’ then ‘Preferences’. You will then have the option of selecting which methods you want for both general contact and marketing communications.
How do I change my mobile security setting?
To update your Two Factor Authentication (2FA) preferences, select ‘My Details’ and ‘Mobile Security’.
If you currently have SMS notifications and wish to opt for Push Notifications, you will need to download the SecurEnvoy Authenticator app from a relevant app store and proceed with Push Notification enrolment. An email will be sent to your registered email address with a one-time code to input on screen. To complete registration, scan the QR code when prompted using the SecurEnvoy Authenticator app.
If you currently have Push notifications and wish to opt for SMS Notifications, you will receive a one-time code and you can then proceed to enrol for SMS notifications.
How do I change my interest preferences?
In online banking, select the account you wish to update and then select ‘My Linked Account’. Here you have the option to compound interest or to have it paid to your nominated bank account. Please note, you are only able to have interest paid back automatically if you have a Notice Account or a Fixed Term Bond over one year.
You will need to ensure you have selected a linked account to make any payments to your nominated bank.
For business and charity customers registered online, simply send us a secure message with the request. Please note, this must be in accordance with your account mandate, i.e. if changes require two signatories, we will need both to confirm before we update your preferences.
Frequently asked questions
What are business savings accounts?
They are accounts businesses can use to earn interest on money they don’t need to keep in a current account for day-to-day expenses. Most business current accounts do not pay interest on positive balances, so if you keep surplus cash in your business current account you are probably missing out on a simple way of making your money work harder and earning your business extra revenue.
What is the difference between a savings account and a current account?
A business savings account is very simple in that it allows you to set aside excess money in your business to keep it separate from the account you use for everyday income and expenditure and to earn interest on surplus money which would otherwise earn little or no interest in your current account. A business savings account doesn’t usually come with a payment card, cheque book, overdraft or other facilities a current account may offer.
Are there different types of business savings accounts?
There are three common types of savings account:rnrnu003cstrongu003eFixed term bondsu003c/strongu003e – These allow you to set aside a one-off sum for a specified length of time and earn an agreed rate of interest during that period. However, with most fixed term bonds, you cannot withdraw your money during the term of the bond, so you should only deposit funds you won’t need to access during that time.rnrnu003cstrongu003eNotice accountsu003c/strongu003e – These allow you to deposit funds whenever you wish and to earn an agreed variable rate of interest on your balance. However, you can only make withdrawals after giving the required notice. For example, with a 40-Day Notice Account you would have to request a withdrawal 40 days before you needed to have the money. These accounts offer more flexibility than fixed term bonds and usually pay a slightly lower interest rate as a result.rnrnu003cstrongu003eInstant access accountsu003c/strongu003e – These offer the greatest flexibility as you can withdraw your money at any time. However, these typically pay the lowest rates of interest of the three main types of business savings accounts. United Trust Bank don’t currently offer instant access accounts.
How do I apply for an account?
Once you have decided which account you would like to open, simply click on the ‘Apply’ button in the summary box window for that account and then apply online or by post, depending on your type of business.rnrnIf you are applying by post, please send your completed application form to Deposits, United Trust Bank, One Ropemaker Street, London, EC2Y 9AW.
What are the types of savings accounts I can open with United Trust Bank?
We offer three types of savings accounts: Fixed Term Bonds, Notice Accounts, and a Notice Tracker Account, which tracks the Bank of England Base Rate.
What types of businesses can apply for a savings account?
We accept applications from limited companies, self-invested pension plans (SIPPs) and small self-administered schemes (SSASs), discretionary and personal injury trusts, clubs and societies, sole traders, and credit unions. u003ca href=u0022https://rebrand-dev.utbank.co.uk/deposits/apply-for-a-business-account/u0022u003eFind out more hereu003c/au003e.
Are business savings protected by the FSCS?
Yes, all business savings are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000. To find out more, please u003ca href=u0022https://rebrand-dev.utbank.co.uk/deposits/fscs/u0022u003eclick hereu003c/au003e.
Can I open a business savings account if I or a director/shareholder lives outside of the UK?
At the time of making your application, all signatories and shareholders must be individuals who permanently reside in the UK for tax purposes, and we reserve the right to decline an application if any signatory or shareholder is resident outside of the UK.
What is the minimum and maximum I can invest?
The minimum initial investment is usually £5000 per account and the maximum is £1,000,000. If you wish to deposit more than this, please u003ca href=u0022https://rebrand-dev.utbank.co.uk/deposits/deposit-solutions/u0022u003eclick hereu003c/au003e to find out how we can help you.
Can my business hold multiple savings accounts?
There is no limit on how many savings accounts you open with United Trust Bank, so you can choose to spread your funds over multiple accounts if you wish, both with our fixed rate and notice products.
If I own more than one business, can I open accounts for each of them?
Yes, though please note you need to have a different email address for each business.
What happens to the funds when the account reaches maturity?
We will both write to you and email you (if you have an email address registered with us) approximately two weeks before your account is due to mature, outlining your options for reinvestment.rnrnIt is important that you provide your instructions before the maturity date to secure any preferential existing customer rate you are offered. If we do not receive instructions by the maturity date, your funds will be transferred to a holding account paying just 0.10% AER gross, where they will remain for a maximum of 28 days before being returned to the nominated bank account we hold on file for you.
Savings and deposits stories
The latest news and insights to help you get the most out of your savings.
