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Business Notice Accounts

Business 40 Day Notice Issue 1 – 1.40% Gross/AER

Summary Box

Business 40 Day Notice Issue 1 – 1.40% Gross/AER

What is the interest rate?
– 1.40% Gross/AER
– Interest paid annually on the 31st October.
– AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year
– Interest is calculated daily using the cleared balance of the account.

Can United Trust Bank change the interest rate?
Yes. The interest rate is variable and can therefore move up and down. Please see clause A27 of our Terms and Conditions for further information.

What would the estimated balance be after 1 year? The following projections are based on an initial deposit of £5,000.00:
£5,070.00. These projections assumes the interest rate does not change and assumes that no withdrawals are made during the
first year. The projections provided are for illustrative purposes only and do 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.

How to place notice on an account:
– Notice can be given by email or using the contact form on our website.
– Please state your name, account number, amount of withdrawal, confirmation of the nominated bank account.

Can I withdraw money?
40 days’ notice is required for withdrawals

Additional information
– Opening the account is subject to our Terms and Conditions. Offers can be withdrawn at any time.
– Interest is paid Gross
– Tax treatment depends on individual circumstances and could change in the future.
– Balances that fall below £5,000.00 will cease to attract interest.

Business 100 Day Notice Issue 3 – 1.75% Gross/AER

Summary Box

Business 100 Day Notice Issue 3 – 1.75% Gross/AER

What is the interest rate?
– 1.75% Gross/AER
– Interest paid annually on the 31st October.
– AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
– Interest is calculated daily using the cleared balance of the account.

Can United Trust Bank change the interest rate?
Yes. The interest rate is variable and can therefore move up and down. Please see clause A27 of our Terms and Conditions for further information.

What would the estimated balance be after 1 year? The following projections are based on an initial deposit of £5,000.00:
£5,087.50. These projections assumes the interest rate does not change and assumes that no withdrawals are made during the
first year. The projections provided are for illustrative purposes only and do 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.

How to place notice on an account:
– Notice can be given by email or using the contact form on our website.
– Please state your name, account number, amount of withdrawal, confirmation of the nominated bank account.

Can I withdraw money?
100 days’ notice is required for withdrawals

Additional information
– Opening the account is subject to our Terms and Conditions. Offers can be withdrawn at any time.
– Interest is paid Gross
– Tax treatment depends on individual circumstances and could change in the future.
– Balances that fall below £5,000.00 will cease to attract interest.

Business 200 Day Notice Issue 2 – 1.90% Gross/AER

Summary Box

Business 200 Day Notice Issue 2 – 1.90% Gross/AER

What is the interest rate?
– 1.90% Gross/AER
– Interest paid annually on the 31st October.
– AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year
– Interest is calculated daily using the cleared balance of the account.

Can United Trust Bank change the interest rate?
Yes. The interest rate is variable and can therefore move up and down. Please see clause A27 of our Terms and Conditions for further information.

What would the estimated balance be after 1 year? The following projections are based on an initial deposit of £5,000.00:
£5,095.00. These projections assumes the interest rate does not change and assumes that no withdrawals are made during the
first year. The projections provided are for illustrative purposes only and do 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.

How to place notice on an account:
– Notice can be given by email or using the contact form on our website.
– Please state your name, account number, amount of withdrawal, confirmation of the nominated bank account.

Can I withdraw money?
Business 200d Notice Account 200 days’ notice is required for withdrawals

Additional information
– Opening the account is subject to our Terms and Conditions. Offers can be withdrawn at any time.
– Interest is paid Gross
– Tax treatment depends on individual circumstances and could change in the future.
– Balances that fall below £5,000.00 will cease to attract interest.

How much interest could I earn?

Savings Interest Calculator

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Existing customers

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