Savings account that can be used by a family Trust

Essex_Jim

Following the death of my Mother, her assets have been placed in a Trust looked after myself and my sister on behalf of our Father. The money is presently in a Barclays account which is paying no interest. There is no intention to invest the money. What we would wish to do is move the money across two, maybe more accounts. One with instant access and one with a notice period (or a loss of interest). Are there such accounts that can be managed through a Trust? One suggestion we have had is NS&I? 

dunstonh

Are there such accounts that can be managed through a Trust?

yes. Most banks offer them.  Although they dont appear to like the hassle and it can be quite difficult sometimes to get them opened.

One suggestion we have had is NS&I?

Trusts are permitted for:

• Savings Certificates
• Guaranteed Income Bonds
• Guaranteed Growth Bonds
• Income Bonds
• Investment Account