Trustee bank accounts

Does any one have any up to date info/experience about this?  I have funds for a discretionary trust I need to place as savings relating to a disabled family member. I am struggling to find a current account and savings account for it.  Currently sitting in an account in my name as I don't know what else to do. I had high hopes for NS&I but they have pulled all their accounts apart from Income Bonds (awkward vehicle) and Investment Account (poor rate).  Am hoping Metro bank will cover the current account side though as yet untested (very poor rate).  Savings side seems very difficult. Skipton BS all reference has disappeared from their website.  I understand the regulation side has made these accounts unattractive to many banks.  But really it is an impossible task for trustees these days.  Any advice gratefully received.  


Meet your Ambassadors


  • All Categories
  • 341.8K Banking & Borrowing
  • 249.7K Reduce Debt & Boost Income
  • 449.2K Spending & Discounts
  • 233.9K Work, Benefits & Business
  • 606.1K Mortgages, Homes & Bills
  • 172.5K Life & Family
  • 246.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.8K Discuss & Feedback
  • 15.1K Coronavirus Support Boards