We understand ISA savings accounts

Accounts for individuals. Transfer an ISA from
another provider or use your ISA allowance for the year.
Manage your savings online using our Online Banking Service.

Please note we will be carrying out system maintenance from 6am until 6.30pm on Saturday 12th October. During this time online banking and our application portals will be unavailable.

HMRC have updated the ISA regulations. For more information on how these changes impact our customers, visit our ISA help page.

Fixed Term Cash ISA Bonds

Cash ISA 1 Year Bond – 4.55% tax-free/AER* (Fixed)

Summary Box

Cash ISA 1 Year Bond – 4.55% tax-free/AER* (Fixed)

What is the interest rate?
4.55% tax-free/AER* (Fixed)

The interest is calculated daily using the cleared balance of the account and 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. Tax-free means the interest paid will be free from UK Income Tax and Capital Gains Tax.

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 12 months based on a £5,000 deposit?
£5,227.50.

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 need to be 18 or over and permanently reside in the United Kingdom.
– You can open this account with a minimum of £5,000. We accept current year subscriptions (currently £20,000 for tax year 2024/2025) and transfer in from existing ISA providers for previous year’s subscriptions up to the maximum of £1 million.
– 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. This must be a transactional UK Bank account, and must be in your name.
– You have 14 days after submitting your application to fund your account, which needs to be sent from your Nominated Account either electronically or a cheque. If it is not funded within the 14 days we will close the account.

To manage the account:
– You can communicate and manage your account via our online portal, email, post or telephone.

Can I withdraw money?
Withdrawals from our fixed term ISA Bonds (including transfers to other providers) prior to the agreed maturity date are subject to an early withdrawal charge.

Interest may be withdrawn annually on the anniversary date.

We will contact you approximately 14 days before your account matures detailing your options and enabling you to give us your maturity instructions.

If we do not receive an instruction from you we will reinvest your funds into a holding account at the banks prevailing rate of interest.

Transfer requests will be actioned within 15 days of receipt of the instructions from your new ISA provider.

Additional information
– Rates correct at the time of issue. Offers can be withdrawn at any time.
– Opening the account is subject to our Terms and Conditions.
– Interest is paid Gross i.e. without the deduction of tax.
– ISAs are a tax free product which do not impact your Personal Savings Allowance. The favourable tax treatment may not be maintained. It is the Government that is responsible for setting the tax treatment. If you are not happy with your ISA, there is a 14 day cooling off period.
– The tax treatment described depends on individual circumstances and the tax treatment of ISAs could change in the future.

Need some help with our ISA 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.

Cash ISA 2 Year Bond – 4.42% tax-free/AER* (Fixed)

Summary Box

Cash ISA 2 Year Bond – 4.42% tax-free/AER* (Fixed)

What is the interest rate?
4.42% tax-free/AER* (Fixed)

The interest is calculated daily using the cleared balance of the account and paid annually and on maturity. You can select to have the annual interest either added to your account or transferred to you nominated bank account.

* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Tax-free means the interest paid will be free from UK Income Tax and Capital Gains Tax.

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?
£5,451.77.

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 need to be 18 or over and permanently reside in the United Kingdom.
– You can open this account with a minimum of £5,000. We accept current year subscriptions (currently £20,000 for tax year 2024/2025) and transfer in from existing ISA providers for previous year’s subscriptions up to the maximum of £1 million.
– 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. This must be a transactional UK Bank account, and must be in your name.
– You have 14 days after submitting your application to fund your account, which needs to be sent from your Nominated Account either electronically or a cheque. If it is not funded within the 14 days we will close the account.

To manage the account:
– You can communicate and manage your account via our online portal, email, post or telephone.

Can I withdraw money?
Withdrawals from our fixed term ISA Bonds (including transfers to other providers) prior to the agreed maturity date are subject to an early withdrawal charge.

Interest may be withdrawn annually on the anniversary date.

We will contact you approximately 14 days before your account matures detailing your options and enabling you to give us your maturity instructions.

If we do not receive an instruction from you we will reinvest your funds into a holding account at the banks prevailing rate of interest.

Transfer requests will be actioned within 15 days of receipt of the instructions from your new ISA provider.

Additional information
– Rates correct at the time of issue. Offers can be withdrawn at any time.
– Opening the account is subject to our Terms and Conditions.
– Interest is paid Gross i.e. without the deduction of tax.
– ISAs are a tax free product which do not impact your Personal Savings Allowance. The favourable tax treatment may not be maintained. It is the Government that is responsible for setting the tax treatment. If you are not happy with your ISA, there is a 14 day cooling off period.
– The tax treatment described depends on individual circumstances and the tax treatment of ISAs could change in the future.

Need some help with our ISA 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.

Cash ISA 3 Year Bond – 4.25% tax-free/AER* (Fixed)

Summary Box

Cash ISA 3 Year Bond – 4.25% tax-free/AER* (Fixed)

What is the interest rate?
4.25% tax-free/AER* (Fixed)

The interest is calculated daily using the cleared balance of the account and paid annually and on maturity. You can select to have the annual interest either added to your account or transferred to you nominated bank account.

* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Tax-free means the interest paid will be free from UK Income Tax and Capital Gains Tax.

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?
£5,664.98.

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 need to be 18 or over and permanently reside in the United Kingdom.
– You can open this account with a minimum of £5,000. We accept current year subscriptions (currently £20,000 for tax year 2024/2025) and transfer in from existing ISA providers for previous year’s subscriptions up to the maximum of £1 million.
– 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. This must be a transactional UK Bank account, and must be in your name.
– You have 14 days after submitting your application to fund your account, which needs to be sent from your Nominated Account either electronically or a cheque. If it is not funded within the 14 days we will close the account.

To manage the account:
– You can communicate and manage your account via our online portal, email, post or telephone.

Can I withdraw money?
Withdrawals from our fixed term ISA Bonds (including transfers to other providers) prior to the agreed maturity date are subject to an early withdrawal charge.

Interest may be withdrawn annually on the anniversary date.

We will contact you approximately 14 days before your account matures detailing your options and enabling you to give us your maturity instructions.

If we do not receive an instruction from you we will reinvest your funds into a holding account at the banks prevailing rate of interest.

Transfer requests will be actioned within 15 days of receipt of the instructions from your new ISA provider.

Additional information
– Rates correct at the time of issue. Offers can be withdrawn at any time.
– Opening the account is subject to our Terms and Conditions.
– Interest is paid Gross i.e. without the deduction of tax.
– ISAs are a tax free product which do not impact your Personal Savings Allowance. The favourable tax treatment may not be maintained. It is the Government that is responsible for setting the tax treatment. If you are not happy with your ISA, there is a 14 day cooling off period.
– The tax treatment described depends on individual circumstances and the tax treatment of ISAs could change in the future.

Need some help with our ISA 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.

Cash ISA 4 Year Bond – 4.05% tax-free/AER* (Fixed)

Summary Box

Cash ISA 4 Year Bond – 4.05% tax-free/AER* (Fixed)

What is the interest rate?
4.05% tax-free/AER* (Fixed)

The interest is calculated daily using the cleared balance of the account and paid annually and on maturity. You can select to have the annual interest either added to your account or transferred to you nominated bank account.

* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Tax-free means the interest paid will be free from UK Income Tax and Capital Gains Tax.

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 4 years based on a £5,000 deposit?
£5,860.55.

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 need to be 18 or over and permanently reside in the United Kingdom.
– You can open this account with a minimum of £5,000. We accept current year subscriptions (currently £20,000 for tax year 2024/2025) and transfer in from existing ISA providers for previous year’s subscriptions up to the maximum of £1 million.
– 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. This must be a transactional UK Bank account, and must be in your name.
– You have 14 days after submitting your application to fund your account, which needs to be sent from your Nominated Account either electronically or a cheque. If it is not funded within the 14 days we will close the account.

To manage the account:
– You can communicate and manage your account via our online portal, email, post or telephone.

Can I withdraw money?
Withdrawals from our fixed term ISA Bonds (including transfers to other providers) prior to the agreed maturity date are subject to an early withdrawal charge.

Interest may be withdrawn annually on the anniversary date.

We will contact you approximately 14 days before your account matures detailing your options and enabling you to give us your maturity instructions.

If we do not receive an instruction from you we will reinvest your funds into a holding account at the banks prevailing rate of interest.

Transfer requests will be actioned within 15 days of receipt of the instructions from your new ISA provider.

Additional information
– Rates correct at the time of issue. Offers can be withdrawn at any time.
– Opening the account is subject to our Terms and Conditions.
– Interest is paid Gross i.e. without the deduction of tax.
– ISAs are a tax free product which do not impact your Personal Savings Allowance. The favourable tax treatment may not be maintained. It is the Government that is responsible for setting the tax treatment. If you are not happy with your ISA, there is a 14 day cooling off period.
– The tax treatment described depends on individual circumstances and the tax treatment of ISAs could change in the future.

Need some help with our ISA 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.

Cash ISA 5 Year Bond – 4.10% tax-free/AER* (Fixed)

Summary Box

Cash ISA 5 Year Bond – 4.10% tax-free/AER* (Fixed)

What is the interest rate?
4.10% tax-free/AER* (Fixed)

The interest is calculated daily using the cleared balance of the account and paid annually and on maturity. You can select to have the annual interest either added to your account or transferred to you nominated bank account.

* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Tax-free means the interest paid will be free from UK Income Tax and Capital Gains Tax.

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 5 years based on a £5,000 deposit?
£6,112.57.

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 need to be 18 or over and permanently reside in the United Kingdom.
– You can open this account with a minimum of £5,000. We accept current year subscriptions (currently £20,000 for tax year 2024/2025) and transfer in from existing ISA providers for previous year’s subscriptions up to the maximum of £1 million.
– 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. This must be a transactional UK Bank account, and must be in your name.
– You have 14 days after submitting your application to fund your account, which needs to be sent from your Nominated Account either electronically or a cheque. If it is not funded within the 14 days we will close the account.

To manage the account:
– You can communicate and manage your account via our online portal, email, post or telephone.

Can I withdraw money?
Withdrawals from our fixed term ISA Bonds (including transfers to other providers) prior to the agreed maturity date are subject to an early withdrawal charge.

Interest may be withdrawn annually on the anniversary date.

We will contact you approximately 14 days before your account matures detailing your options and enabling you to give us your maturity instructions.

If we do not receive an instruction from you we will reinvest your funds into a holding account at the banks prevailing rate of interest.

Transfer requests will be actioned within 15 days of receipt of the instructions from your new ISA provider.

Additional information
– Rates correct at the time of issue. Offers can be withdrawn at any time.
– Opening the account is subject to our Terms and Conditions.
– Interest is paid Gross i.e. without the deduction of tax.
– ISAs are a tax free product which do not impact your Personal Savings Allowance. The favourable tax treatment may not be maintained. It is the Government that is responsible for setting the tax treatment. If you are not happy with your ISA, there is a 14 day cooling off period.
– The tax treatment described depends on individual circumstances and the tax treatment of ISAs could change in the future.

Need some help with our ISA 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.

Cash ISA 7 Year Bond – 3.75% tax-free/AER* (Fixed)

Summary Box

Cash ISA 7 Year Bond – 3.75% tax-free/AER* (Fixed)

What is the interest rate?
3.75% tax-free/AER* (Fixed)

The interest is calculated daily using the cleared balance of the account and paid annually and on maturity. You can select to have the annual interest either added to your account or transferred to you nominated bank account.

* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Tax-free means the interest paid will be free from UK Income Tax and Capital Gains Tax.

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 7 years based on a £5,000 deposit?
£6,469.74.

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 need to be 18 or over and permanently reside in the United Kingdom.
– You can open this account with a minimum of £5,000. We accept current year subscriptions (currently £20,000 for tax year 2024/2025) and transfer in from existing ISA providers for previous year’s subscriptions up to the maximum of £1 million.
– 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. This must be a transactional UK Bank account, and must be in your name.
– You have 14 days after submitting your application to fund your account, which needs to be sent from your Nominated Account either electronically or a cheque. If it is not funded within the 14 days we will close the account.

To manage the account:
– You can communicate and manage your account via our online portal, email, post or telephone.

Can I withdraw money?
Withdrawals from our fixed term ISA Bonds (including transfers to other providers) prior to the agreed maturity date are subject to an early withdrawal charge.

Interest may be withdrawn annually on the anniversary date.

We will contact you approximately 14 days before your account matures detailing your options and enabling you to give us your maturity instructions.

If we do not receive an instruction from you we will reinvest your funds into a holding account at the banks prevailing rate of interest.

Transfer requests will be actioned within 15 days of receipt of the instructions from your new ISA provider.

Additional information
– Rates correct at the time of issue. Offers can be withdrawn at any time.
– Opening the account is subject to our Terms and Conditions.
– Interest is paid Gross i.e. without the deduction of tax.
– ISAs are a tax free product which do not impact your Personal Savings Allowance. The favourable tax treatment may not be maintained. It is the Government that is responsible for setting the tax treatment. If you are not happy with your ISA, there is a 14 day cooling off period.
– The tax treatment described depends on individual circumstances and the tax treatment of ISAs could change in the future.

Need some help with our ISA 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.

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FAQs

Find answers to the most common questions about our deposit accounts.

UTB ISA Savings Accounts – Frequently Asked Questions

How do I apply for an account?

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Once you have decided which account you would like to open, simply click on the ‘Apply’ button in the Summary Box window for that account and complete the application form online. You can also follow this link to head directly to the application form.

What is an ISA?

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An ISA (Individual Savings Account) is a savings account where the interest payments are tax free. This means your money could grow faster than in an account paying the same rate of interest which doesn’t have the same tax benefits. Interest from ISAs does not count towards your Personal Savings Allowance.

You can only subscribe to one cash ISA in each tax year (6 April to 5 April).

What are the ISA allowances?

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The Government sets the maximum amount that can be saved in an ISA in any tax year – you can find details of this year’s ISA allowance on the HMRC website. The annual allowance can be split across a Cash ISA, Stocks and Shares ISA, Innovative Finance ISA and Lifetime ISA, if you wish. The minimum balance for an ISA with United Trust Bank is £5,000.

What type of ISA do you offer?

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Our ISA products are similar to our standard Fixed Term Bonds in that you can choose a term that has a fixed interest rate for a fixed period of time.

What is the maximum I can invest in an ISA?

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The Government sets the maximum amount that can be saved in an ISA in any tax year – you can find details of this year’s ISA allowance on the HMRC website. The annual allowance can be split across a Cash ISA, Stocks and Shares ISA, Innovative Finance ISA and Lifetime ISA, if you wish.

Savings & Deposit Stories

Useful news and information to help you get the most out of your savings.

Choose a story below or click here to see all of our updates.

How can you future proof your savings?

How can you future proof your savings?

It’s finally happened! After months of speculation, the Monetary Policy Committee (MPC) at the Bank of England voted for the base rate to be cut from 5.25% to 5% at the beginning of August.

UK SMEs Could Employ an Extra 58,000 Staff with Interest Lost in Low Paying Current and Instant Access Deposit Accounts

UK SMEs Could Employ an Extra 58,000 Staff with Interest Lost in Low Paying Current and Instant Access Deposit Accounts

Research commissioned by United Trust Bank (UTB) has found that SMEs are potentially missing out on approximately £2.29 billion1 of interest payments each year by leaving excess credit balances in current accounts and instant access savings accounts paying no or uncompetitive rates of interest.

How to protect your savings from falling interest rates

How to protect your savings from falling interest rates

Finally. The decision this week by the Bank of England’s Monetary Policy Committee to reduce interest rates by 0.25 percentage points was a long time coming. There has been so much debate about when the MPC might begin to ease policy that it sometimes seemed as if it would never happen.

Ways to contact us

Secure Message via online banking: Login here

Telephone: 020 7190 5599; Monday – Friday 9am – 5pm

Post: United Trust Bank, One Ropemaker Street, London, EC2Y 9AW

Online contact form: Submit your enquiry here

Use our Help Centre to see if we can answer any of your queries online