Trustee Savings Account Rates

If you are looking to set up a trustee savings account, interest rates could be an important thing to consider as you ascertain which account could be best for you. 

Trustee savings account interest rates will vary depending on what type of account you choose. In the tables below, you will find our selection of instant access, fixed rates, and strucutred deposit plans, so that you can pick whichever one suits your requirements:

 

Trustee Savings Accounts
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Structured deposits offer the potential for higher returns, depending on the performance of an underlying asset, like the FTSE 100 Index. Whilst the returns are not guaranteed, your capital is protected, and they offer higher potential returns than the interest rates on most savings accounts. See below to find out more:

 

Structured Deposits for Trusts - Income
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Structured Deposits for Trusts - Growth
ProviderPlan NameMaximum Potential Return*TermMore Info
Kick Out Deposit Plan

3%

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 3% 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


As interest rates on trustee savings accounts tend to vary, it could be worth your time to compare trustee savings accounts offered by several different providers. Alongside interest rates, you may also wish to consider which other features could be important in your trustee savings account. 

Among these could be the following:

 

  • The withdrawal arrangements offered
  • Whether you would like a notice or instant access account
  • Which accounts could best accommodate the amount of money you need to invest

 

The comparison tables we have on this page serve as a great place for you to look at the latest trustee savings account deals.

There are a number of different circumstances in which you could open a trustee savings account. These could include:

 

  • You are looking to manage the funds on behalf of a beneficiary that may not be old enough or too incapacitated to do so themselves
  • You are investing money on behalf of a charitable organisation
  • You are an employer who would like to set up an employee benefit trust for expenses such as bonuses, sick pay or employee training.



However the best trustee savings account for each trust type could vary, depending on your individual requirements.  It could therefore be all the more important for you to compare trustee savings accounts in terms of which could work best for your situation.