Opening a trustee investment bond is one option that you could have in the event that you were appointed to be responsible for a trust. As a trustee, you could open and manage such an account on behalf of a beneficiary.
Trustee investment bonds could be of use in a variety of circumstances, such as:
- You need a way to supervise funds that have been placed under your responsibility for a beneficiary who is too young or incapacitated to take charge of the money themselves.
- You are the trustee of a charitable organisation and would like to invest funds.
- You run a business and are looking to organise an employee benefit trust; this could be used to store funds for purposes such as paying bonuses, sick pay or for employee training courses.
If you are looking to open a trustee investment bond, it is important to be aware that each provider will tend to vary in terms of which interest rates and terms will be offered. You may therefore wish to compare a number of different trustee investment bonds to ensure that you get the best savings account deal available.
In the tables below you can compare a range of trustee investment savings bonds and capital protected investments, so help you choose the right one.