Fixed Term Bonds – Available online only

UTB 1 Year BondDetails1.65%Gross/AER

Summary box

Account name

UTB 1 Year Bond

What is the interest rate?

1.65% 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.

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 1 year based on a £1,000 deposit?

£1,016.50

This projection assumes that interest is compounded annually to the account.

How do I open and manage my account?

You can open our accounts online. All accounts are accessible by Post or in Branch. Enquiries can be dealt with on the phone. Your account cannot be managed online. When opening an account you must nominate a bank account from which deposits must be made and to which withdrawals will be sent. All withdrawal instructions must be received in writing.

Minimum deposit – £500
Maximum deposit – £500,000

Can I withdraw money?

Interest may be withdrawn annually on the anniversary. Principal may be withdrawn on maturity only. You will be notified within 14 days of the maturity date of the options available to you, including having the funds returned to you and, if available, the option to reinvest in a savings product.

Additional information

Opening the account is subject to our General Terms and Conditions, offers can be withdrawn at any time.

Interest is paid Gross. If the interest you receive from all sources exceeds the £1,000 limit (£500 for higher 40% taxpayers), any tax due will be collected through a self-assessment tax return or via an adjustment in your PAYE tax code.

Apply online

 

UTB 2 Year BondDetails1.95%Gross/AER

Summary box

Account name

UTB 2 Year Bond

What is the interest rate?

1.95% 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.

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 £1,000 deposit?

£1,039.38

This projection assumes that interest is compounded annually to the account.

How do I open and manage my account?

You can open our accounts online. All accounts are accessible by Post or in Branch. Enquiries can be dealt with on the phone. Your account cannot be managed online. When opening an account you must nominate a bank account from which deposits must be made and to which withdrawals will be sent. All withdrawal instructions must be received in writing.

Minimum deposit – £500
Maximum deposit – £500,000

Can I withdraw money?

Interest may be withdrawn annually on the anniversary. Principal may be withdrawn on maturity only. You will be notified within 14 days of the maturity date of the options available to you, including having the funds returned to you and, if available, the option to reinvest in a savings product.

Additional information

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

Interest is paid Gross. If the interest you receive from all sources exceeds the £1,000 limit (£500 for higher 40% taxpayers), any tax due will be collected through a self-assessment tax return or via an adjustment in your PAYE tax code.

Apply online

 

UTB 3 Year BondDetails2.10%Gross/AER

Summary box

Account name

UTB 3 Year Bond

What is the interest rate?

2.10% 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 3 years based on a £1,000 deposit?

£1,064.33

This projection assumes that interest is compounded annually to the account.

How do I open and manage my account?

You can open our accounts online. All accounts are accessible by Post or in Branch. Enquiries can be dealt with on the phone. Your account cannot be managed online. When opening an account you must nominate a bank account from which deposits must be made and to which withdrawals will be sent. All withdrawal instructions must be received in writing.

Minimum deposit – £500
Maximum deposit – £500,000

Can I withdraw money?

Interest may be withdrawn annually on the anniversary. Principal may be withdrawn on maturity only. You will be notified within 14 days of the maturity date of the options available to you, including having the funds returned to you and, if available, the option to reinvest in a savings product.

Additional information

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

Interest is paid Gross. If the interest you receive from all sources exceeds the £1,000 limit (£500 for higher 40% taxpayers), any tax due will be collected through a self-assessment tax return or via an adjustment in your PAYE tax code.

Apply online

 

UTB 5 Year BondDetails2.30%Gross/AER

Summary box

Account name

UTB 5 Year Bond

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.

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 5 years based on a £1,000 deposit?

£1,120.41

This projection assumes that interest is compounded annually to the account.

How do I open and manage my account?

You can open our accounts online. All accounts are accessible by Post or in Branch. Enquiries can be dealt with on the phone. Your account cannot be managed online. When opening an account you must nominate a bank account from which deposits must be made and to which withdrawals will be sent. All withdrawal instructions must be received in writing.

Minimum deposit – £500
Maximum deposit – £500,000

Can I withdraw money?

Interest may be withdrawn annually on the anniversary. Principal may be withdrawn on maturity only. You will be notified within 14 days of the maturity date of the options available to you, including having the funds returned to you and, if available, the option to reinvest in a savings product.

Additional information

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

Interest is paid Gross. If the interest you receive from all sources exceeds the £1,000 limit (£500 for higher 40% taxpayers), any tax due will be collected through a self-assessment tax return or via an adjustment in your PAYE tax code.

Apply online

 

Notice Accounts – Available online only

UTB 100d Notice AccountDetails1.25%Gross/AER

Summary box

Account name

UTB 100d Notice Account

What is the interest rate?

1.25% 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.

Can United Trust Bank change the interest rate?

Yes. The interest rate is variable and can therefore move up or down. Please see clause 13 of our General Terms and Conditions for further information.

Interest is calculated daily using the cleared balance of the account.

What would the estimated balance be after 1 year based on a £1,000 deposit?

£1,012.50

This projection assumes interest is compounded annually to the account and the interest rate does not change during the term.This projection assumes no withdrawals are made during the first year.

How do I open and manage my account?

You can open our accounts online.
All accounts are accessible by Post or in Branch. Enquiries can be dealt with on the phone. When opening an account you must nominate a bank account from which deposits must be made and to which withdrawals will be sent. All withdrawal instructions must be received in writing.
Minimum deposit – £500
Maximum deposit – £500,000

Can I withdraw money?

100 day’s notice is required for withdrawals.

Additional information

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

Interest is paid Gross. If the interest you receive from all sources exceeds the £1,000 limit (£500 for higher 40% taxpayers), any tax due will be collected through a self-assessment tax return or via an adjustment in your PAYE tax code.

Apply online

 

Other Information

Contact Details Tel: 020 7190 5599
Email: deposits@utbank.co.uk
Website: www.utbank.co.uk
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.

Protecting your money

We are covered by the Financial Services Compensation Scheme (FSCS).

If you want to find out more about the protection the Financial Services Compensation Scheme offers you download their guide here or visit www.fscs.org.uk.

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