Scottish Widows Bank

Scottish Widows Bank PLC

Phone: +44 0845 767 8910

Trust Fund Deposit Account

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.
Interest Rate
0.40% AER
Minimum Balance
-Bare Trusts
-Possession Trusts
-Discretionary Trusts
-Accumulation and Maintenance Trusts
-Contingent Trusts
-Here’s a brief summary of just some of the account benefits:

-No notice period or penalties for withdrawals
-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)

-Interest Payment Periods

Interest Payment/Statements issued Monthly†/Quarterly/Annually

†On request for balances in excess of £50,000.

Interest rate when compounded will equal the annual rate.



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