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United Trust Bank Business Banking

United Trust Bank is a specialist lender offering business finance and savings products. There’s no current account available. The organisation was founded in 1955, and offers property, asset, bridging, and tailor-made finance. There are no branches to visit in the UK, but you can apply and manage your account online.

United Trust Bank Business Banking

United Trust Bank Business Banking Services

Current Accounts

Not available.

Savings account

Businesses can open a fixed term bond or a notice account, depending on how often they want to save for. You can apply online or by post for the fixed term account, but the notice account is an online exclusive.

Fixed Term Bonds
Save for 1 or 2 years and earn 1.75-1.80% Gross/AER. Interest is paid annually, and the minimum deposit is £5,000.00 per account. You can deposit up to £1 million.

Notice Account
Access your account with 100 or 200 days notice. You can earn 1.50-1.55% Gross/AER. The minimum deposit is £5,000.00 per account, and the maximum deposit is up to £1 million.

Overdrafts

Not available.

Business finance and loans

Various finance products are available to businesses, including asset, bridging, property development, and structured finance. Depending on the product you choose, your business could raise £10,000 to £15 million+ and would repay it over a few years. Current interest rates aren’t published on the website.

See United Trust Bank business loans and finance page for more.

United Trust Bank Reviews and Ratings

There are no public reviews on Trustpilot, Reviews.co.uk, or Smart Money People. United Trust Bank isn’t included in the Which? list of ‘Best & Worst Banks’.

United Trust Bank won a range of awards in 2019, including Development Lender of the Year at the Specialist Finance Introducer Awards, Best Secured Loan Provider at the Moneyfacts Awards, and Specialist Bank of the Year & Editor’s Choice Award 2019 at the Bridging and Commercial Awards.

United Trust Bank reported a 27% rise in profits in 2017. The lender also announced it “signed an agreement with the British Business Bank” so they can lend to more house builders in the future.

In September 2019, United Trust Bank launched a facial recognition service to make personal mortgage applications faster. This speeds up getting certified ID, which used to involve dealing with a solicitor. This is currently only available to personal mortgage customers.

Trustpilot – no reviews
Reviews.co.uk – no reviews
Smart Money People – no reviews
Which?
– not included

Pros

  • Competitive interest rates.
  • Choice of fixed and notice accounts.
  • Range of finance products for different functions.

Cons

  • No public reviews, so difficult to say how good the customer service is.
  • Repayment interest rates not available on the site.

Website: United Bank Trust Business Banking

Disclaimer: Businessfinancing.co.uk is a business finance and lending research and information website publisher. We are not a lender, bank, broker and/or other financial institution and as such we are not authorised or regulated by the FCA to offer financial advice. We can't recommend any of the products and/or services featured on the site. Companies are ranked in no particular order and higher ranking does not imply one company is better than another. We work with FCA authorised and regulated firms who may pay us a commission for referring you to them but this has no impact on our content and helps keep this website free to use.



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