Can your trust benefit from better interest rates?

Can your trust benefit from better interest rates?

Written by Lisa Simpson, Trustee Accounts Specialist

Considering current interest rates, I've been considering how I might help trustees with their trusts. 

As a trustee, you have a legal obligation to look out for the best interests of the trust beneficiary - and there could be an opportunity for you to get better rates than you're currently on if you have a large sum. 

By spreading the trust money, you can benefit from higher interest rates plus full FSCS coverage for each account (which caps at £85,000 - meaning some of your trust might not currently be protected). 

Alternatively, if you do not wish to retain the money in cash I'm happy to arrange a no-obligation trust investment meeting for you with a highly qualified Independent Financial Adviser. 

Either way, get in touch with me and we can discuss your individual circumstances further. 

Get in touch

If you’d like help opening a trustee bank account or simply have a question, please get in touch using the form below.

Trustee Accounts is a trading style of Simpson Financial Services Limited. I am happy for Simpson Financial Services to contact me via email with useful updates about relevant financial news and their products and services.

All required fields are marked with an asterisk*.

Please type your full name.
Invalid email address.
Invalid email address.
Invalid Input