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
Replies (5)
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Cater Allen
We have many trust clients and have used Cater Allen for many years with no problems.
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.
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.