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accounts

Accounts for registered and incorporated charities.

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Fixed Term Charity Bonds

Charity 3 Month Bond – 1.20% Gross / 1.21% AER

Summary Box

Charity 3 Month Bond – 1.20% Gross / 1.21% AER

What is the interest rate?:
– 1.20% Gross / 1.21% 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.
– Interest is calculated daily using the cleared balance of the account.

Can United Trust Bank change the interest rate?
No. The interest rate is fixed for the term of the bond.

What would the estimated balance be after 3 months based on a £5,000 deposit?
£5,014.93. The Charity 3 Month 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:
– 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 www.utbank.co.uk
– 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.

Need some help with our Charity 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.

Charity 6 Month Bond – 1.40% Gross/AER

Summary Box

Charity 6 Month Bond – 1.40% Gross/AER

What is the interest rate?:
– 1.40% 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.
– Interest is calculated daily using the cleared balance of the account.

Can United Trust Bank change the interest rate?
No. The interest rate is fixed for the term of the bond.

What would the estimated balance be after 6 months based on a £5,000 deposit?
£5,034.88. The Charity 6 Month 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:
– 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 www.utbank.co.uk
– 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.

Need some help with our Charity 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.

Charity 1 Year Bond – 1.75% Gross/AER

Summary Box

Charity 1 Year Bond – 1.75% Gross/AER

What is the interest rate?:
– 1.75% 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.
– Interest is calculated daily using the cleared balance of the account.

Can United Trust Bank change the interest rate?
No. The interest rate is fixed for the term of the bond.

What would the estimated balance be after 1 Year based on a £5,000 deposit?
£5,087.50. The Charity 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:
– 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 www.utbank.co.uk
– 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.
– 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 Charity 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.

Charity 2 Year Bond – 2.30% Gross/AER

Summary Box

Charity 2 Year Bond – 2.30% Gross/AER

What is the interest rate?:
– 2.30% 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.
– Interest is calculated daily using the cleared balance of the account.

Can United Trust Bank change the interest rate?
No. The interest rate is fixed for the term of the bond.

What would the estimated balance be after 2 Years based on a £5,000 deposit?
£5,232.65. The Charity 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:
– 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 www.utbank.co.uk
– 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.

Need some help with our Charity 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.

Charity 3 Year Bond – 2.40% Gross/AER

Summary Box

Charity 3 Year Bond – 2.40% Gross/AER

What is the interest rate?:
– 2.40% 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.
– Interest is calculated daily using the cleared balance of the account.

Can United Trust Bank change the interest rate?
No. The interest rate is fixed for the term of the bond.

What would the estimated balance be after 3 Years based on a £5,000 deposit?
£5,368.71. The Charity 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:
– 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 www.utbank.co.uk
– 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.
– 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 Charity 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.

Notice Accounts

Charity 40 Day Issue 1 – 0.95% Gross/AER

Summary Box

Charity 40 Day Issue 1 – 0.95% Gross/AER

What is the interest rate?
– 0.95% 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 17 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:
£5,047.50. 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 need to be 18 or over and permanently reside in the United Kingdom. The account can be held jointly by up to two people.
– The minimum deposit is £5,000.00 per account.
– The maximum deposit is £1 million per account.
– You can open our personal accounts online at our website, www.utbank.co.uk.
– 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 your name, or if applying for a Joint account, the Nominated Bank account
must be in at least one of the names of the account holders.
– 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 you can send a 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.

Charity 100 Day Issue 1 – 1.05% Gross/AER

Summary Box

Charity 100 Day Issue 1 – 1.05% Gross/AER

What is the interest rate?
– 1.05% 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 17 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:
£5,052.50. 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.

Charity 200 Day – 1.15% Gross/AER

Summary Box

Charity 200 Day – 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.
– Interest is calculated daily using the cleared balance of the account.

Can United Trust Bank change the interest rate?
No. The interest rate is fixed for the term of the bond.

What would the estimated balance be after One Year based on a £5,000 deposit?
£5,057.50. The Charity 200 Day Notice Account 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:
– 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 www.utbank.co.uk
– 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?
200 days notice is required for withdrawals. 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 Charity 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 a charity savings account here.

 

Terms and Conditions

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

Product guide

Download a product guide for our Charity 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.