Is the Trust Fund Deposit Account right for you?
The Trust Fund Deposit Account has been created with a wide range of formal trusts in mind. It’s a simple way to get more out of the funds you have whether you regularly have a high cash balance in your account, or whether the money is only there for a few days.
It’s an account that could be ideal for trusts such as:
- Bare Trusts
- Possession Trusts
- Discretionary Trusts
- Accumulation and Maintenance Trusts
- Contingent Trusts
Our Trust Fund Deposit Account lets you choose between our Instant Transfer option, which is ideal if you want easy access to your money or our 7-Day Notice option. If you don’t need immediate access to your money, and can give seven days’ notice, you’ll receive a higher interest rate on your funds.
Here’s a brief summary of just some of the account benefits:
- Choice of access – either Instant Transfer or 7-Day Notice
- Operates as a telephone or postal account, linked to the trust's existing bank or building society account
- Minimum balance only £500
- Telephone access from 8am until 6pm weekdays (from 10am Wednesdays)
