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Fixed term bonds
Fixed term bonds – available online only
UTB 6 Month Bond – 4.80% Gross / 4.86% AER
Summary Box
UTB 6 Month Bond – 4.80% Gross / 4.86% AER
What is the interest rate?:
– 4.80% Gross / 4.86% AER*
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.
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?
£5,118.59.
The projections provided are for illustrative purposes only and assume that the interest has been compounded. The projections do not take into account individual circ*mstances.
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 balance is £5,000.00 per account.
– The maximum balance is £1m 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. 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?
No. Withdrawals, transfers or closures are not permitted before the maturity 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 seven day instant access account at the banks’ prevailing rate for such accounts. Following a maximum of four, seven day renewals, we will then make a full repayment electronically to your Nominated Account.
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 Offers can be withdrawn at any time.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.
– Tax treatment depends on individual circ*mstances and could change in the future.
Need some help with our Personal 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.
UTB 9 Month Bond – 4.85% Gross / 4.87% AER
Summary Box
UTB 9 Month Bond – 4.85% Gross / 4.87% AER
What is the interest rate?:
– 4.85% Gross / 4.87% AER*
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.
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 9 months based on a £5,000 deposit?
£5,180.79.
The projections provided are for illustrative purposes only and assume that the interest has been compounded. The projections do not take into account individual circ*mstances.
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 balance is £5,000.00 per account.
– The maximum balance is £1m 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. 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?
No. Withdrawals, transfers or closures are not permitted before the maturity 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 seven day instant access account at the banks’ prevailing rate for such accounts. Following a maximum of four, seven day renewals, we will then make a full repayment electronically to your Nominated Account.
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.
– Tax treatment depends on individual circ*mstances and could change in the future.
Need some help with our Personal 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.
UTB 1 Year Bond – 4.79% Gross/AER
Summary Box
UTB 1 Year Bond – 4.79% Gross/AER
What is the interest rate?:
– 4.79% Gross/AER*
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.
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?
£5,239.50.
The projection provided is for illustrative purposes only and does not take into account individual circ*mstances.
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 balance is £5,000.00 per account.
– The maximum balance is £1m 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. 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?
No. Withdrawals, transfers or closures are not permitted before the maturity 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 seven day instant access account at the banks’ prevailing rate for such accounts. Following a maximum of four, seven day renewals, we will then make a full repayment electronically to your Nominated Account.
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.
– Tax treatment depends on individual circ*mstances and could change in the future.
Need some help with our Personal 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.
UTB 15 Month Bond – 4.75% Gross/AER
Summary Box
UTB 15 Month Bond – 4.75% Gross/AER
What is the interest rate?:
– 4.75% Gross/AER*
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 your 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.
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 15 months based on a £5,000 deposit?
£5,298.62.
The projection provided is for illustrative purposes only and does not take into account individual circ*mstances.
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 balance is £5,000.00 per account.
– The maximum balance is £1m 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. 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?
No. Withdrawals, transfers or closures are not permitted before the maturity 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 seven day instant access account at the banks’ prevailing rate for such accounts. Following a maximum of four, seven day renewals, we will then make a full repayment electronically to your Nominated Account.
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.
– Tax treatment depends on individual circ*mstances and could change in the future.
Need some help with our Personal 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.
UTB 2 Year Bond – 4.60% Gross/AER
Summary Box
UTB 2 Year Bond – 4.60% Gross/AER
What is the interest rate?
– 4.60% Gross/AER*
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.
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?
£5,470.58.
The projections provided are for illustrative purposes only and assume that the interest has been compounded. The projections do not take into account individual circ*mstances.
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 balance is £5,000.00 per account.
– The maximum balance is £1m 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. 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?
No. Withdrawals, transfers or closures are not permitted before the maturity 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 seven day instant access account at the banks’ prevailing rate for such accounts. Following a maximum of four, seven day renewals, we will then make a full repayment electronically to your Nominated Account.
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.
– Tax treatment depends on individual circ*mstances and could change in the future.
Need some help with our Personal 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.
UTB 3 Year Bond – 4.45% Gross/AER
Summary Box
UTB 3 Year Bond – 4.45% Gross/AER
What is the interest rate?:
– 4.45% Gross/AER*
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.
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?
£5,697.64.
The projections provided are for illustrative purposes only and assume that the interest has been compounded. The projections do not take into account individual circ*mstances.
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 balance is £5,000.00 per account.
– The maximum balance is £1m 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. 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?
No. Withdrawals, transfers or closures are not permitted before the maturity 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 seven day instant access account at the banks’ prevailing rate for such accounts. Following a maximum of four, seven day renewals, we will then make a full repayment electronically to your Nominated Account.
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.
– Tax treatment depends on individual circ*mstances and could change in the future.
Need some help with our Personal 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.
UTB 4 Year Bond – 4.20% Gross/AER
Summary Box
UTB 4 Year Bond – 4.20% Gross/AER
What is the interest rate?:
– 4.20% Gross/AER*
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.
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?
£5,894.42.
The projections provided are for illustrative purposes only and assume that the interest has been compounded. The projections do not take into account individual circ*mstances.
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 balance is £5,000.00 per account.
– The maximum balance is £1m 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. 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?
No. Withdrawals, transfers or closures are not permitted before the maturity 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 seven day instant access account at the banks’ prevailing rate for such accounts. Following a maximum of four, seven day renewals, we will then make a full repayment electronically to your Nominated Account.
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.
– Tax treatment depends on individual circ*mstances and could change in the future.
Need some help with our Personal 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.
UTB 5 Year Bond – 4.25% Gross/AER
Summary Box
UTB 5 Year Bond – 4.25% Gross/AER
What is the interest rate?:
– 4.25% Gross/AER*
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.
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?
£6,156.73.
The projections provided are for illustrative purposes only and assume that the interest has been compounded. The projections do not take into account individual circ*mstances.
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 balance is £5,000.00 per account.
– The maximum balance is £1m 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. 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?
No. Withdrawals, transfers or closures are not permitted before the maturity 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 seven day instant access account at the banks’ prevailing rate for such accounts. Following a maximum of four, seven day renewals, we will then make a full repayment electronically to your Nominated Account.
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.
– Tax treatment depends on individual circ*mstances and could change in the future.
Need some help with our Personal 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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Find answers to the most common questions about our deposit accounts.
UTB Personal Savings Accounts – Frequently Asked Questions
How do I apply for an account?
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 head directly to the beginning of the application form here.
Are there different types of personal savings accounts?
There are three common types of savings account:
Fixed Term Bonds – These allow you to set aside a one-off sum for a specified length of time and earn an agreed rate of interest during that period. However, with most fixed term bonds, you cannot withdraw your money during the term of the bond, so you should only deposit funds you won’t need to access during that time.
Notice Accounts – These allow you to deposit funds whenever you wish and to earn an agreed variable rate of interest on your balance. However, you can only make withdrawals after giving the required notice. For example, with a 40-Day Notice Account you would have to request a withdrawal 40 days before you needed to have the money. These accounts offer more flexibility than fixed term bonds and usually pay a slightly lower interest rate as a result.
Instant Access Accounts – These offer the greatest flexibility as you can withdraw your money at any time. However, these typically pay the lowest rates of interest of the three main types of savings accounts.
What is the minimum and maximum I can invest?
The minimum initial investment is usually £5,000 per account, and if you would like to deposit more than £1,000,000, please click here to find out how we can help you.
Are personal savings protected by the FSCS?
Yes, all personal savings are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000, and £170,000 for joint accounts. To find out more, please click here.
How do I register for online banking?
To register your details, please click here or go to www.utbank.co.uk/online-banking-verification. After you have successfully registered your details, we will email you your username and a temporary password. Please check your junk or spam folders in case our email is diverted there.
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.
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.
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.
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
