Fixed Term Bonds

Charity 2 Year BondDetails1.60%Gross/AER

Summary box

What is the interest rate?

1.60% 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?


In this example the interest has been compounded.
The projection 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:
• Charities needs to be registered with the UK Charity Commissions (either Scottish or English).
• The minimum deposit is £5,000.00 per account.
• The maximum deposit is £1 Million per account.
• You can open our Charity accounts by completing an application form which can be obtained from our website
• 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 Charity.
• 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.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Interest may be withdrawn annually on the anniversary.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 Offers can be withdrawn at any time.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.

Apply by post


Other Information

Contact Details Tel: 020 7190 5599
Address: One Ropemaker Street, London, EC2Y 9AW
Regulating Bodies Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

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