Fixed Term Bonds

Charity 1 Year BondDetails1.50%Gross/AER

Summary box


What is the interest rate?

1.50% Gross/AER

Interest 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
Interest is calculated daily using the cleared balance of the account.

How do I open and manage my account?

You can open our accounts by post.
All accounts are accessible by Post or in Branch. Enquiries can be dealt with on the phone. When opening an account you must nominate a bank account from which deposits must be made and to which withdrawals will be sent. All withdrawal instructions must be received in writing.
Minimum deposit – £5,000
Maximum deposit – £500,000

Can I withdraw money?

Principle and interest may be withdrawn on maturity only. You will be notified within 14 days of the maturity date of the options available to you.

Additional information

Opening the account is subject to our General Terms and Conditions, offers can be withdrawn at any time.
Charities must be registered with the UK Charity Commissions (either Scottish or English).
Interest is paid Gross.

Apply online

 

Notice Accounts

UTB 100d Notice AccountDetails1.25%Gross/AER

Summary box


Account name

UTB 100d – Notice Account

What is the interest rate?

1.25% Gross/AER

Interest paid annually on the 31st October.

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.
Interest is calculated daily using the cleared balance of the account.

How do I open and manage my account?

You can open our accounts by post.
All accounts are accessible by Post or in Branch. Enquiries can be dealt with on the phone. When opening an account you must nominate a bank account from which deposits must be made and to which withdrawals will be sent. All withdrawal instructions must be received in writing.
Minimum deposit – £5,000
Maximum deposit – £500,000

Can I withdraw money?

100 days notice is required for withdrawals.
One penalty free withdrawal without notice, however, is allowed per 12 month period of up to 20% of the balance of the account. However, a minimum of £5,000 must still be maintained. Withdrawals in excess of 20% require the full period of notice.

Additional information

Opening the account is subject to our General Terms and Conditions, offers can be withdrawn at any time.
Charities must be registered with the UK Charity Commissions (either Scottish or English).
Interest is paid Gross.

Apply online

 

UTB 200d Notice AccountDetails1.30%Gross/AER

Summary box


Account name

UTB 200d – Notice Account

What is the interest rate?

1.30% Gross/AER

Interest paid annually on the 31st October.

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.
Interest is calculated daily using the cleared balance of the account.

How do I open and manage my account?

You can open our accounts by post.
All accounts are accessible by Post or in Branch. Enquiries can be dealt with on the phone. When opening an account you must nominate a bank account from which deposits must be made and to which withdrawals will be sent. All withdrawal instructions must be received in writing.
Minimum deposit – £5,000
Maximum deposit – £500,000

Can I withdraw money?

200 days notice is required for withdrawals.
One penalty free withdrawal without notice, however, is allowed per 12 month period of up to 20% of the balance of the account. However, a minimum of £5,000 must still be maintained. Withdrawals in excess of 20% require the full period of notice.

Additional information

Opening the account is subject to our General Terms and Conditions, offers can be withdrawn at any time.
Charities must be registered with the UK Charity Commissions (either Scottish or English).
Interest is paid Gross.

Apply online

 

Other Information

Contact Details Tel: 020 7190 5599
Email: deposits@utbank.co.uk
Website: www.utbank.co.uk
Address: One Ropemaker Street, London, EC2Y 9AW
Regulating Bodies Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Protecting your money

We are covered by the Financial Services Compensation Scheme (FSCS).

If you want to find out more about the protection the Financial Services Compensation Scheme offers you download their guide here or visit www.fscs.org.uk.

Open your business account here