We understand business
savings accounts

Accounts for companies, partnerships, sole traders,
trusts, pension funds, clubs, societies and schools.

Scroll down
Scroll down

Please note we will be carrying out planned maintenance on our system from 5:00am Saturday 7th August 2021 until 8:00pm on Sunday 8th August 2021.

During this time our application and online banking portals will be unavailable.

Fixed Term Business Bonds

Business 1 Year Bond – 0.95% Gross/AER

Summary Box

Business 1 Year Bond – 0.95% Gross/AER

What is the interest rate?:
– 0.95% Gross/AER.
– Interest paid on maturity.
– AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Can United Trust Bank change the interest rate?
No. The interest rate is fixed for the term of the bond. Interest is calculated daily using the cleared balance of the account.

What would the estimated balance be after 1 Year based on a £5,000 deposit?
£5,047.50. The Business 1 Year Bond pays interest on maturity. The projection provided is for illustrative purposes only and does not take into account individual circumstances.

How do I open and manage my account?
To open an account:
– You can open our Business accounts either by post, via an application form, or online on our website, www.utbank.co.uk.
– The minimum deposit is £5,000.00 per account.
– The maximum deposit is £1 million per account.
– A Nominated Bank Account must be provided when applying for an account. The Nominated Bank Account must be a transactional UK Bank account where electronic payments can be made and received. The Nominated Account must be in the name of the Business.
– You have 14 days after submitting your application to fund your account. Funds need to be sent from your Nominated Account and can be made either electronically or by cheque. If it is not funded at the end of 14 days we will close the account.
– You can manage your account(s) by phone, email or post.

What happens at maturity?
– We will contact you approximately 14 days before your account matures detailing your options and enabling you to give us your maturity instructions.
– You can ask us to repay your funds or reinvest some or all of it into one or more new accounts.
– If you ask us to repay your money we will do this by sending an electronic payment to your Nominated Account.
– If we do not receive an instruction from you we will reinvest your funds into a seven day instant access account at the banks’ prevailing rate for such accounts. Following a maximum of four, seven day renewals, we will make a full repayment electronically to your Nominated Account.

Can I withdraw money?
No. Withdrawals, transfers or closures are not permitted before the maturity date. Interest may be withdrawn annually on the anniversary.

Additional information
– Opening the account is subject to our Terms and Conditions.
– Offers can be withdrawn at any time.
– Interest is paid Gross i.e. without the deduction of tax.
– Tax treatment depends on individual circumstances and could change in the future.

Need some help with our Business accounts?
Here you can find answers to our most common questions. If you still cannot find what you are looking for, please use the contact us form within our ‘How can we help’ section.

Please take time to read and understand our Terms and Conditions before applying for any of our accounts.

Business 2 Year Bond – 1.10% Gross/AER

Summary Box

Business 2 Year Bond – 1.10% Gross/AER

What is the interest rate?:
– 1.10% Gross/AER.
– Interest paid annually.
– AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Can United Trust Bank change the interest rate?
No. The interest rate is fixed for the term of the bond. Interest is calculated daily using the cleared balance of the account.

What would the estimated balance be after 2 Years based on a £5,000 deposit?
£5,110.61. The Business 2 Year Bond pays Interest annually. The projection provided is for illustrative purposes only and does not take into account individual circumstances.

How do I open and manage my account?
To open an account:
– You can open our Business accounts either by post, via an application form, or online on our website, www.utbank.co.uk.
– The minimum deposit is £5,000.00 per account.
– The maximum deposit is £1 million per account.
– A Nominated Bank Account must be provided when applying for an account. The Nominated Bank Account must be a transactional UK Bank account where electronic payments can be made and received. The Nominated Account must be in the name of the Business.
– You have 14 days after submitting your application to fund your account. Funds need to be sent from your Nominated Account and can be made either electronically or by cheque. If it is not funded at the end of 14 days we will close the account.
– You can manage your account(s) by phone, email or post.

What happens at maturity?
– We will contact you approximately 14 days before your account matures detailing your options and enabling you to give us your maturity instructions.
– You can ask us to repay your funds or reinvest some or all of it into one or more new accounts.
– If you ask us to repay your money we will do this by sending an electronic payment to your Nominated Account.
– If we do not receive an instruction from you we will reinvest your funds into a seven day instant access account at the banks’ prevailing rate for such accounts. Following a maximum of four, seven day renewals, we will make a full repayment electronically to your Nominated Account.

Can I withdraw money?
No. Withdrawals, transfers or closures are not permitted before the maturity date. Interest may be withdrawn annually on the anniversary.

Additional information
– Opening the account is subject to our Terms and Conditions.
– Offers can be withdrawn at any time.
– Interest is paid Gross i.e. without the deduction of tax.
– Tax treatment depends on individual circumstances and could change in the future.

Need some help with our Business accounts?
Here you can find answers to our most common questions. If you still cannot find what you are looking for, please use the contact us form within our ‘How can we help’ section.

Please take time to read and understand our Terms and Conditions before applying for any of our accounts.

Business 3 Year Bond – 1.15% Gross/AER

Summary Box

Business 3 Year Bond – 1.15% Gross/AER

What is the interest rate?:
– 1.15% Gross/AER.
– Interest paid annually.
– AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Can United Trust Bank change the interest rate?
No. The interest rate is fixed for the term of the bond. Interest is calculated daily using the cleared balance of the account.

What would the estimated balance be after 3 Years based on a £5,000 deposit?
£5,174.49. The Business 3 Year Bond pays Interest annually. The projection provided is for illustrative purposes only and does not take into account individual circumstances.

How do I open and manage my account?
To open an account:
– You can open our Business accounts either by post, via an application form, or online on our website, www.utbank.co.uk.
– The minimum deposit is £5,000.00 per account.
– The maximum deposit is £1 million per account.
– A Nominated Bank Account must be provided when applying for an account. The Nominated Bank Account must be a transactional UK Bank account where electronic payments can be made and received. The Nominated Account must be in the name of the Business.
– You have 14 days after submitting your application to fund your account. Funds need to be sent from your Nominated Account and can be made either electronically or by cheque. If it is not funded at the end of 14 days we will close the account.
– You can manage your account(s) by phone, email or post.

What happens at maturity?
– We will contact you approximately 14 days before your account matures detailing your options and enabling you to give us your maturity instructions.
– You can ask us to repay your funds or reinvest some or all of it into one or more new accounts.
– If you ask us to repay your money we will do this by sending an electronic payment to your Nominated Account.
– If we do not receive an instruction from you we will reinvest your funds into a seven day instant access account at the banks’ prevailing rate for such accounts. Following a maximum of four, seven day renewals, we will make a full repayment electronically to your Nominated Account.

Can I withdraw money?
No. Withdrawals, transfers or closures are not permitted before the maturity date. Interest may be withdrawn annually on the anniversary.

Additional information
– Opening the account is subject to our Terms and Conditions.
– Offers can be withdrawn at any time.
– Interest is paid Gross i.e. without the deduction of tax.
– Tax treatment depends on individual circumstances and could change in the future.

Need some help with our Business accounts?
Here you can find answers to our most common questions. If you still cannot find what you are looking for, please use the contact us form within our ‘How can we help’ section.

Please take time to read and understand our Terms and Conditions before applying for any of our accounts.

Apply for an account

Apply for any of our business savings accounts here.

Terms and Conditions

Before you apply for a savings account, please read our Terms & Conditions.

Product guide

Download a product guide for our Business savings accounts.

Important information

Help with verifying your identity, updating your marketing preferences and other useful information here.

Existing customers

If you have a savings account with UTB you can find our help section and downloadable forms here.

How can we help?

Visit our help section where you can find our FAQs and ways to contact us.