Fixed Term Tracker Bonds – Available online only

UTB 3 Year Tracker Bond Issue 4Details1.55%Gross/AER

Summary box

Account name

UTB 3 Year Tracker Bond Issue 4

What is the interest rate?

1.55% Gross/AER

Interest is paid annually.

The interest rate is the total of the fixed margin plus the current Bank of England Base Rate (1.30% Margin + 0.25% Bank of England Base Rate).
You can monitor the Bank of England Base Rate via www.bankofengland.co.uk
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. Whilst the margin is fixed for the duration of the term, the Bank of England Base Rate can increase or decrease which will change the total interest rate payable. You will be notified in writing within 14 days of any change to the interest rate on your account. Click here for more information on our tracker bonds and for an illustration of how rate changes are affected.
Interest is calculated daily using the cleared balance of the account.

How do I open and manage my account?

You can open our accounts online.
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 – £500
Maximum deposit – £500,000

Can I withdraw money?

Interest may be withdrawn annually on anniversary date.
Principle and interest may be withdrawn on maturity only.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 Offers can be withdrawn at any time.
Interest is paid Gross. If the interest you receive from all sources exceeds the £1,000 limit (£500 for higher 40% taxpayers), any tax due will be collected through a self-assessment tax return or via an adjustment in your PAYE tax code.


Apply online

 

Fixed Term Bonds – Available online only

UTB 2 Year BondDetails1.30%Gross/AER

Summary box

Account name

UTB 2 Year Bond

What is the interest rate?

1.30% 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 online.
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 – £500
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.
Interest is paid Gross. If the interest you receive from all sources exceeds the £1,000 limit (£500 for higher 40% taxpayers), any tax due will be collected through a self-assessment tax return or via an adjustment in your PAYE tax code.

Apply online

 

UTB 3 Year BondDetails1.40%Gross/AER

Summary box

Account name

UTB 3 Year Bond

What is the interest rate?

1.40% Gross/AER

Interest paid annually.

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 online.
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 – £500
Maximum deposit – £500,000

Can I withdraw money?

Interest may be withdrawn annually on anniversary date.
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.
Interest is paid Gross. If the interest you receive from all sources exceeds the £1,000 limit (£500 for higher 40% taxpayers), any tax due will be collected through a self-assessment tax return or via an adjustment in your PAYE tax code.

Apply online

 

UTB 5 Year BondDetails1.60%Gross/AER

Summary box

Account name

UTB 5 Year Bond

What is the interest rate?

1.60% Gross/AER

Interest paid annually.

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 online.
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 – £500
Maximum deposit – £500,000

Can I withdraw money?

Interest may be withdrawn annually on anniversary date.
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.
Interest is paid Gross. If the interest you receive from all sources exceeds the £1,000 limit (£500 for higher 40% taxpayers), any tax due will be collected through a self-assessment tax return or via an adjustment in your PAYE tax code.

Apply online

 

Notice Accounts – Available online only

UTB 1 Year Notice AccountDetails1.05%Gross/AER

Summary box

Account name

UTB 1 Year Notice Account

What is the interest rate?

1.05% 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 online.
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 – £500
Maximum deposit – £500,000

Can I withdraw money?

1 year notice is required for withdrawals.

Additional information

Opening the account is subject to our General Terms and Conditions, offers can be withdrawn at any time.
Interest is paid Gross. If the interest you receive from all sources exceeds the £1,000 limit (£500 for higher 40% taxpayers), any tax due will be collected through a self-assessment tax return or via an adjustment in your PAYE tax code.

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.

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