Bank Accounts for Trusts?

Bank Accounts for Trusts?

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I have been looking for a suitable bank/building society offering reasonable rate of interest (well above base rate) with instant access for a Trust client. It is impossible to search for best rates using the normal search tools. The banks I have called so far have not been able to offer much... any assitance/ideas appricated.
Thanks
Gretchen Betts

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By keelan
15th May 2009 15:04

Cater Allen
We have many trust clients and have used Cater Allen for many years with no problems.

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By flixboro
15th May 2009 13:29

Investec Bank Pension and Trust Reserve Account but it is one month notice. you wont get much above base if at all for an instant access accoutn for a trust. there is no accurate database of which banks will offere trust accounts. a lot will allow trusts to use there fixed term bonds but not other accounts.

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By User deleted
14th May 2009 22:10

Cater Allen
Might be worth trying.

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By Chris Smail
15th May 2009 09:46

British Bankers' Association
Have a link to Moneyfacts Buisiness Account Finder here

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By AnonymousUser
14th May 2009 20:06

Moneyfacts?
You could try the ICAEW library if you are a member. I seem to recall a weekly/monthly booklet called, I believe, Moneyfacts which lists accounts such as Trustee accounts in a separate section. However, given current low rates I somewhat doubt any are offering more than notional interest at the moment.

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