Trust Savings Accounts

Trustee savings accounts are designed to hold the financial assets being managed by the trustee before they are handed over to a pre-determined beneficiary. As a trustee, you may have to set up a trust savings account on behalf of the beneficiary, who may be unable to manage their own finances due to age or impairment.

There are various types of trust savings accounts to choose from, each with a different length of term and interest rate. A trustee savings account can also be used by employers to save for their employees’ benefits and rewards schemes. Charities also use trust savings accounts to keep their funds safe and earn interest at a fixed rate for a set term.

It is important when thinking about which trust savings account is best for you as a trustee to consider a wide range of trust savings accounts. Our comparison tables could help, as they offer a range of options:

Trustee Savings Accounts
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If these conventional options don't offer the returns you're looking for in a trust savings account, then you could consider structured deposits instead. These offer potentially higher returns that are dependent on the performance of an index, like the FTSE 100 for example, but theydo not put your capital at risk.

In the table below is a range of structured deposits, whether you're looking for income or growth. Take a look and see if they match your requirements.

Structured Deposits for Trusts - Income
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Structured Deposits for Trusts - Growth
ProviderPlan NameMaximum Potential Return*TermMore Info
FTSE 100 Kick Out Deposit Plan


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 5% 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

Income Tax, Capital Gains Tax, Inheritance Tax

It is important to bear in mind your tax responsibilities as a trustee. If your trust savings account generates interest it is important that you notify HMRC before taking your share (if you are entitled to do this, which usually depends on the type of trustee savings account).