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Trust Savings Bond

If you have been appointed to act as the trustee of someone else’s assets after their death, it is worth considering a range of bonds with different rates of interest and varying lengths of set terms. As the saving bonds trustee, it is your responsibility to manage the finances of the deceased before the beneficiary reaches an age or state where they can take control of their own finances.

As the trustee, you may need to ensure that the deceased’s finances are secure on behalf of their chosen beneficiary, who may be incapacitated or too young to deal with their financial assets.

You should always make a thorough market comparison before committing to a particular trust savings bond. In order to compare some of the best trust saving bonds and other trustee savings accounts, take a look at our comparison tables, where you will find a range of options from instant access to fixed rates.

Trustee Savings Accounts
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You can also find out about structured deposits, which are capital protected and offer the potential for higher returns, dependent on the performance of an Index such as the FTSE 100:
Structured Deposits for Trusts - Income
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Structured Deposits for Trusts - Growth
ProviderPlan NameMaximum Potential Return*TermMore Info
FTSE 100 Kick Out Deposit Plan


per annum

Up to
6 years
More Info >
Capital protected deposit plan with the potential to mature after years 3, 4, 5 and 6. If the plan matures early it will return 5% times the number of years the plan has been in force. Also available for Cash ISA and ISA transfer.
* Maximum Growth Yields are not guaranteed and subject to certain conditions

Charities may open trust saving bonds in which they store their funds and employers may also use trust saving bonds as a means to store their employees’ bonuses or rewards. In opening a trust saving bond, the bond holder ensures that additional interest is made before the financial assets are given to the beneficiary.

There are a choice of four trust saving bonds to choose from, and as the trustee, it may be your responsibility to choose the one that is most suitable in terms of the deceased’s wishes. The options are:

  • Discretionary trusts – This type of trust may enable the trustee to decide how to use the trust’s income and capital.
    Bare trusts – This type of trust may give the beneficiary the right to interest and capital in the trust.
  • Contingent trusts – The beneficiary is entitled to receive capital or income when they reach a certain age or live beyond a relative person (the initial beneficiary).
  • Interest in possession trusts – The beneficiary has the right to any income in the trust after expenses.
    Make sure you take the time to look over the comparison tables on this page to get yourself the best trustee savings account.