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
1.55%3 YearsMore Info >
  • Earn 1.55% Gross (1.53% 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
  • £250 arrangement fee
1.15%2 YearsMore Info >
  • Earn 1.15% Gross (1.14% 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
  • £250 arrangement fee
0.90%1 yearMore Info >
  • Earn 0.90% 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
  • £250 arrangement fee

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
4.5%
per annum
More Info >
  • 4.5% 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
  • Available to individuals, businesses, charities & trusts
  • 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
Target Income Deposit PlanInvestec Bank plc6 years4.2%
per annum
More Info >
  • Potential annual income of 4.2%
  • Income paid if the FTSE 100 finishes above 95% of its starting value
  • Missed payments added to future payment next time anniversary level above 95%
  • Capital protected
  • Medium/long term alternative to fixed rates
  • Also available for Cash NISA & 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
FTSE Digital Deposit PlanThe Royal Bank of Canada6 years

30%

at end of term

More Info >
  • 30% fixed return if the Index is the same level or higher
  • Capital protected
  • Short/medium alternative to fixed rates
  • Also available for Cash NISA & 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
4 Year Deposit PlanInvestec Bank plc4 years

17%

at end of term

More Info >
  • 17% fixed return if the Index is higher
  • Capital protected
  • Low minimum - £3,000
  • Short/medium alternative to fixed rates
  • Also available for Cash NISA & 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
6 Year Defensive Deposit PlanInvestec Bank plc6 years

33%

at end of term

More Info >
  • 33% fixed return if the Index is higher than 90% of its Initial Level
  • Capital protected
  • Low minimum - £3,000
  • Short/medium alternative to fixed rates
  • Also available for Cash NISA & 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
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.