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:

Trustee Savings Accounts
ProviderAccountInterest Rate (AER)TermApply
1.90%3 YearsMore Info >
  • Earn 1.90% gross/AER fixed for 3 years
  • Cater Allen Private Bank is owned by Santander UK plc
  • Available to Trusts
  • Minimum deposit of £50,000
  • No withdrawals allowed during the term
1.30%2 YearsMore Info >
  • Earn 1.30% gross/AER fixed for 2 years
  • Cater Allen Private Bank is owned by Santander UK plc
  • Available to Trusts
  • Minimum deposit of £50,000
  • No withdrawals allowed during the term
1.50%3 YearsMore Info >
  • Available for trusts  
  • Interest can be paid monthly, quarterly or annually
  • Available to new and existing Scottish Widows customers
1.00%1 yearMore Info >
  • Earn 1.00% gross/AER fixed for 1 year
  • Cater Allen Private Bank is owned by Santander UK plc
  • Available to Trusts
  • Minimum deposit of £50,000
  • No withdrawals allowed during the term

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 - Income
Sorry, your search has returned no results.
Structured Deposits for Trusts - Growth
ProviderPlan NameMaximum Potential Return*TermMore Info
Kick Out Deposit5.5%
per annum
Up to
6 years
More Info >
  • 5.5% for each year if the FTSE 100 finishes higher than its starting value
  • Opportunity to mature early at year 3, 4 or 5
  • Capital protected
  • Short/medium term alternative to fixed rates
  • Also available for Cash NISAs & NISA transfers
  • 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 
* Maximum Growth Yields are not guaranteed and subject to certain conditions
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.