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Easy access with decent interest for a Trustee account??
family_trustee
Posts: 1 Newbie
Can anyone advise?
My aunt bequeathed a discretionary trust to benefit various relatives. A solicitor plus three of us are trustees.
Most of the money's invested in a bond, but we want to place a further £10,000 in a deposit/savings account. Even though in a typical year we'd make no withdrawals, we need the possibility of fairly rapid access, say within a month.
The interest rate needn't be market-leading, but it oughtn't to be stupid. Something like Barclays Bonus Saver would be OK. But unfortunately that is only open to individuals. And the same goes for various other accounts once the small print is investigated.
Any suggestions, please, either for a suitable account or a source of advice that would know?
(The account would be in the name of the such-and-such Trust. All four trustees would authorise its setting up, but after that we'd be happy to have our solicitor as the sole signatory and contact.)
My aunt bequeathed a discretionary trust to benefit various relatives. A solicitor plus three of us are trustees.
Most of the money's invested in a bond, but we want to place a further £10,000 in a deposit/savings account. Even though in a typical year we'd make no withdrawals, we need the possibility of fairly rapid access, say within a month.
The interest rate needn't be market-leading, but it oughtn't to be stupid. Something like Barclays Bonus Saver would be OK. But unfortunately that is only open to individuals. And the same goes for various other accounts once the small print is investigated.
Any suggestions, please, either for a suitable account or a source of advice that would know?
(The account would be in the name of the such-and-such Trust. All four trustees would authorise its setting up, but after that we'd be happy to have our solicitor as the sole signatory and contact.)
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