Trust Instant Access Saver - 1319

Trust
Annual Variable Interest % AER*
£20,000+
2.00%

Key features

Save up to £500,000.

2.00% on balances £20,000+.

Interest is paid annually on the 31st March.

£20,000 minimum opening balance.


*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year. Interest is paid annually unless otherwise stated.

What you will need:

The original or certified copy of the Trust Deed or Will

A PDF copy of the "Evidence of Registration" from the Trust Registration Service (TRS)

Identification for each account operator 

To apply, you must:

Be 18 or over.

Be a Trust that is accepted as per the Society's terms, registered in the UK with the Trust Registration Service

Product Details

Account name

Trust Instant Access Saver - 1319

What is the interest rate? AER*

2.00% annual interest rate* on balances £20,000+.

Interest is paid annually on the 31st March.

(*AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year)

Can Dudley Building Society change the interest rate?

The interest rate on this account is variable and the Society may make changes to this rate at any time. We will notify you of any changes in accordance with the Terms & Conditions.

We also offer a monthly interest version of this product, please contact our customer service team for more details.

What would the estimated balance be?

If you were to open this account with £20,000 and no further deposits or withdrawals were made you would earn £400.00 interest. This would result in a total balance of £20,400.00.

Please note this is an illustration only and does not reflect your specific circumstances.

How do I open and manage my account?

Who is eligible?

This account is available to new and existing registered Bare, Children’s, Personal Injury, Fixed, Vulnerable Persons, Will, Interest in Possession, Charitable or Discretionary Trusts based in the UK.

How do I open my savings account?

You may open your account at any one of our branches or via post.

How do I operate my account?

Any queries regarding your account can be dealt with via branch, email or telephone. Instructions on your account are required in person, at branch or in writing.

What is my minimum opening and operating balance?

£20,000.

What is my maximum operating balance?

£500,000.

What is my maximum investment?

£500,000.

Can I withdraw money?

Instant access withdrawals are permitted with this account.

You may make a withdrawal in person at a branch or in writing.

Additional Information

Additional investments are permitted.

A trust is a legal arrangement in which one party (the trustee) holds and manages assets for the benefit of another party (the beneficiary). It separates legal ownership (held by the trustee) from beneficial ownership (held by the beneficiary), according to the terms set out in the trust deed. The trust must be registered with the Trust Registrations Service (TRS). Trusts do not have membership or voting rights with the Society.

Important Documents

Identification Requirements for Entities pdf icon Trust Application Form pdf icon Savings Terms and Conditions pdf icon Trust Application Checklist pdf icon

How to apply for our Trust instant Access Saver - 1319

Branch

Find your nearest branch for more information or to make an appointment.

Post

You can apply now by printing the relevant application form at home.

Contact Us

If you wish to find out more information or get support with your application, contact our friendly Customer Service team.

Contact Us
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