Trustee Savings Accounts

Compare Trustee Savings Accounts

Trustee savings accounts are designed to be held by a trustee on behalf of a trust. There are a number of trustee savings accounts available – Use the table below to learn more or apply for application packs, which include details of all products listed below:

Charity Easy Access Savings Selection
ProviderAccountInterest RateTermApply
0.80%Instant AccessMore Info >
Instant access account for - BUSINESS, CHARITIES, HOUSING ASSOCIATIONS, CLUBS & PARTNERSHIPS - Interest paid monthly or annually. Open to organisations with fewer than 250 employees and a turnover or assets of up to £45 million.
0.40%Instant AccessMore Info >
Earn 0.40% gross/AER on balances over £500. Telephone or Postal Account. £5 million maximum balance.

For alternatives to the above trustee charity saving account deals, see below. Structured deposits are term deposits (like a fixed rate bond) offered by firms such as high-street banks which are able to accept deposits. Structured deposit plans which are available for trusts are designed to return capital at maturity plus a return linked to the performance of an underlying asset e.g. the UK stockmarket. These types of plans are worth considering if capital can be committed for the plan term and you are looking for a potential return better than a traditional fixed rate bond.

Structured Deposits for Trusts - Growth
ProviderPlan NameDeposit TakerTermMaximum Potential ReturnMore Info
Kick Out DepositInvestec Bank plcUp to
6 years
3.25%
per annum
More Info >

The Investec FTSE 100 Kick-Out Deposit Plan 62 is a maximum six year structured deposit plan linked to the performance of the FTSE 100 Index (‘the index’). 

The objective of the Plan is to deliver attractive returns with the potential for early maturity dependent on the performance of the Index. 

The Plan has a 6 year term, but offers the opportunity to mature early after years 3, 4 or 5. To achieve early maturity the average closing levels of the Index for the five business days up to and including one of the Kick-Out Dates must be higher than the Initial Index Level. If the Plan does mature early then it will return 3.25% times the number of years the Plan has been active (not compounded). For example, early maturity at the end of year 3 would return 9.75%.

If the Plan runs for the full 6 year term and Final Index Level on the maturity date is higher than the Initial Index Level then you will receive a 19.5% return (6 x 3.25%) plus the return of your capital. If the Plan reaches the end of its 6 year term and the Final Index Level is still not above the Initial Index Level you will receive back your initial deposit with no return.

The Plan is available for Cash ISA, ISA Transfer, Direct Investment, as well as SIPP and SSAS pension investments. It is also available to businesses, charities and trusts.

  • Potential return - 3.25% gross for every year the Plan is in force (not compounded)
  • Capital Protected Product*
  • Eligible for the Financial Services Compensation Scheme up to £75,000 for an individual or up to £150,000 for a joint deposit account 
  • Investment term - Up to 6 Years
  • Arrangement fee applies
  • Minimum single Investment - £3,000
  • Maximum ISA investment - £15,240
  • ISA transfers accepted
  • Maximum direct investment - £1,000,000
  • Also available to businesses, charities and trusts
  • This Plan is not the same as a bank or building society deposit account and you may not receive your initial deposit in full if your capital is withdrawn early
  • Investment deadline ISA transfers: 29 July 2016 
  • Investment deadline for direct and ISA applications: 12 August 2016 

* The return of your initial deposit depends on the ability of the deposit taker (Investec Bank plc) to repay your money.

4 Year Deposit PlanInvestec Bank plc4 years

14%

at end of term

More Info >
  • 14% fixed return if the Index is higher
  • Capital protected
  • Low minimum - £3,000
  • Short/medium alternative to fixed rates
  • Available for Cash ISA, ISA Transfers and non-ISA
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Limited offer - deadlines apply. May close early if oversubscribed
  • Plan designed to be held for full term
  • Arrangement fee applies
  • Returns not guaranteed. You may only receive a return of your original capital
6 Year Defensive Deposit PlanInvestec Bank plc6 years

26%

at end of term

More Info >
  • 26% fixed return if the Index is higher than 95% of its Initial Level
  • Capital protected
  • Low minimum - £3,000
  • Medium/longer term alternative to fixed rates
  • Available for Cash ISA,  ISA Transfers and non-ISA
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Limited offer - deadlines apply. May close early if oversubscribed
  • Plan designed to be held for full term
  • Arrangement fee applies
  • Returns not guaranteed. You may only receive a return of your original capital
Important Information: Structured deposits offer you the potential to earn higher returns than you would with a regular savings account. Your returns are based on the performance of an index or commodity. If the investment does not perform well you may receive no income or capital growth, but you can be confident that your capital will be repaid. You have no access to your deposit during the term of the account, typically 3 to 6 years but your original capital will be repaid in full at the end of the term. In the event that the deposit taker is unable to repay your initial investment and any returns stated you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS) depending on your individual circumstances.
The types of trust that may benefit from trustee savings accounts include:

  • Bare trusts
  • Possession trusts
  • Discretionary trusts
  • Contingent trusts

Use the tables above to learn more about a range of leading trustee savings accounts.