What is the interest rate?
– 3.75% 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 B1.4 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:
£5,187.50. 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:

– The account holder may make one penalty-free withdrawal, without notice, per 12 month period of up to 20% of the balance of the account. Please see clause B1.12 of our Terms and Conditions for further information.
– Appropriate notice must be given on all withdrawals in writing.
– 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 Offers can be withdrawn at any time.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.

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.

What is the interest rate?
– 4.25% 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 B1.4 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:
£5,212.50. 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:

– The account holder may make one penalty-free withdrawal, without notice, per 12 month period of up to 20% of the balance of the account. Please see clause B1.12 of our Terms and Conditions for further information.
– Appropriate notice must be given on all withdrawals in writing.
– 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.

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.

What is the interest rate?
– 5.00% 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 B1.4 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:
£5,250.00. 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 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:

– The account holder may make one penalty-free withdrawal, without notice, per 12 month period of up to 20% of the balance of the account. Please see clause B1.12 of our Terms and Conditions for further information.
– Appropriate notice must be given on all withdrawals in writing.
– Please state your name, account number, amount of withdrawal, confirmation of the nominated bank account.

Can I withdraw money?
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.

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.

What is the interest rate?:
– 5.25% Gross/AER.
– Interest paid annually on the 31st October.
– AER means Annual Equivalent Rate and is designed to make it easier for you to compare savings products. It tells you how much interest you’d earn if you put some money in an account and left it there for a full year. It takes account of things like how often the interest is paid and assumes any interest paid during that year is added to the balance and earns interest i.e. compounded.
– Interest is calculated daily using the cleared balance on the account.
– The interest rate tracks the Bank of England Base Rate, currently 5.25%, for the duration of the account being open.
– To access and monitor the Bank of England Bank Rate visit bankofengland.co.uk

Can United Trust Bank change the interest rate?
Yes. The interest rate is variable and can therefore move up or down.

This will happen within three days following a Bank of England Bank Rate change. We will notify you of an interest rate change by letter or email as well as publishing this on our website.

What would the estimated balance be after 12 months based on a deposit of £5,000?
£5,262.50. The projection assumes that the Bank of England Base Rate is 5.25% and does not take into account any fluctuation to the Bank of England Base Rate.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 websitewww.utbank.co.uk
– A Nominated Bank Account must be provided when applying for an account. The Nominated Bank Account must be atransactional UK Bank account where electronic payments can be made and received. The Nominated Account must be in thename of the Charity.
– You have 14 days after submitting your application to fund your account. Funds need to be sent from your Nominated Accountand 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:
– Appropriate notice must be given on all withdrawals in writing.
– Please state your name, account number, amount of withdrawal, confirmation of the nominated bank account and signature.

Can I withdraw money?
Yes, to access your funds you must provide UTB with 180 days notice for a withdrawal.

Balances that fall below £5,000.00 will cease to attract interest.

Additional information
The Bank of England Base Rate is 5.25%.

Opening the account is subject to our Terms and Conditions. Offers can be withdrawn at any time.

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.