Broker Cases

Trust Instant

Our easy access Trust Instant account is available for UK based Trust funds. It can be opened and managed by designated trustee/s for the benefit of the trust beneficiaries. Please note that the Trust Instant account is opened on a non-advised ‘execution only’ basis, where no advice or assessments have been given to its suitability. You must seek your own independent advice if you need clarification on anything concerning opening a Trust account with Bath Building Society.

You can find out more about how Trusts operate in our Trust Account Brochure.

Bath Building Society does not accept Discretionary Trusts or any Trusts with discretionary elements. An example of a discretionary element is where Beneficiaries are not explicitly named in the Trust Deed and are noted by class of beneficiary, such as ‘the grandchildren’. A further example would be where Trustees are able to add or remove Beneficiaries.

Bath Building Society also does not accept Non-resident Trusts.

Here are some Frequently Asked Questions about Trusts. Find out more below, including the important things you need to remember when applying for a Trust account.

Interest rate (AER)

Variable/Fixed

Min/Max amount

Withdrawals

Interest rate (AER)

£5,000 - £250,000

0.80%

£250,000.01+

0.00%

Rate from 1st December 2026

1.00%

Variable/Fixed

Variable

Min/Max amount

£5,000 - £1,500,000

Withdrawals

Yes and without penalty, up to a maximum of 2 per calendar month (after initial six month period)

Suitable for savers who:

have Bare, Simple, Will, Life Interest or Charitable Trusts that have been registered with HMRC
are Trustees who want instant access to their funds after an initial six month period
are Trustees who want to manage the account online, by phone or in our Branches

Not for savers who:

are looking to access their funds in the first six months
want to deposit Trust funds in excess of £1,500,000
have Discretionary Trusts or Trusts with discretionary elements
have Non-resident Trusts
want to deposit funds for non UK based Trusts
are Trustees who want to make more than two withdrawals a month

Is this the right product for me?

Please read the Key Product Information below before applying

What is the interest rate?
- £5,000-£250,000 0.80% AER*.
- £250,000.01+ 0.00% AER*.
- Please note that this rate will increase to 1.00% AER* on 1st December 2026.
- We calculate the interest daily and pay it annually on 31^st December. Interest will be added to your account.
- You do not earn any interest on money in the account over £250,000. You cannot have more than £1,500,000 in your account.
- *AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and compounded once each year. The gross rate is the interest rate payable before tax.
Can Bath Building Society change the interest rate?
- The interest rate is variable, so it can go up or down at any time.
- For more details about why we might change the rate, you should read your Savings Terms & Conditions.
What would the estimated balance be after 12 months based on a £5,000 deposit?
£5,040.00
- This would be the balance after 12 months if £5,000 was paid in, all interest was paid back into the account, there was no change to the interest rate and no money was taken out or paid in.
- This is just an example to help you compare accounts. It does not take into account what you may do with the money in your account.
How do I open and manage my account?
- You must be a UK resident for tax purposes to open this account. You can open it with a minimum of £5,000.
- You can open a Trust account if you have a UK-based Bare/Simple/Will Trust, Personal Injury Trust, Life Interest Trust or Charitable Trust.
- A trustee is someone who operates the Trust according to the Trust deed. A beneficiary is the person or people that receive money from the trust.
- All trustees and beneficiaries must be resident in the UK for tax purposes. All trustees must be over 18 years old.
- You need to complete a Trust Account application form to open the account. These can be found on this product page, in Branch, or by contacting our customer service team at savings@bibs.co.uk.
- You must give us a copy of the Trust deed.
- You will need to give us details and identification documents for all trustees and any beneficiaries over 18 years old.
- All deposits must be from a UK bank account. The bank account must be in the name of the Trust, a trustee, or a solicitor acting on behalf of the Trust.
- You can deposit a maximum of 5 times a month. You cannot deposit more than £5,000 in cash or 5 cheques in each transaction.
- You can manage the accounts you hold with us through Bath Online, or by using our Mobile App. You can register for Bath Online on our website, and you can register for the Mobile App on your smartphone.
- You can ask for a passbook to be sent to you. You will need this if you want to withdraw or deposit money in our Branches.
- Account holder identification will be required. This is usually obtained through our electronic identity verification service. However, if this proves inconclusive, here’s some popular ways to verify your ID.
Can I withdraw money?
- You cannot withdraw money or close your account within the first 6 months after the account is opened.
- This is an limited access account. After the first 6 months, you can withdraw a maximum of twice each month.
- All withdrawals and any closures will need to be in accordance with the terms of the Trust deed. We will only make payments to:
  – HM Revenue & Customs,
  – A trustee or beneficiary named on the account, or
  – A person or company specified in the Trust deed as being able to receive money from the Trust.
- You can withdraw by cheque from our Branches. There is no limit to how much you can withdraw by cheque. You can take out money in a Branch, up to a maximum of £500 without telling us first. If you tell us first, you can withdraw up to £2,000 the next day.
- You can also ask us to make an electronic payment to your nominated account. This can be done in a Branch, or you can contact our customer service team.
- You can only have one nominated account. You should choose the best account for your money to be paid into.
- Please be aware that the minimum withdrawal amount is £50.
Additional information
- This account is protected by the Financial Services Compensation Scheme (FSCS). You should read your FSCS Information and Exclusions sheet for more information about how your money is protected.
- This account is a savings account, which means it is meant to be used to help you save money for when you need it. It is not intended for making day-to-day transactions.
- You should read your Savings Terms & Conditions to fully understand how your account works.
- We can close an account at any time if you do not use the account as intended, or if you act inappropriately, such as abusive behaviour.

IMPORTANT INFORMATION you need to know when applying for a Trust:

What you need to complete a Trust application form (download below)
- The Trust application form must be fully completed and signed with wet signatures (original handwritten) by all Trustees.
- You need to provide two forms of identification for all Trustees and any beneficiaries that are over the age of 18:
  - Proof of identity (e.g., passport or driving licence)
  - Proof of address (e.g., utility bill or bank statement)
- A copy of the Trust Deed must be provided as part of your application. For Will Trusts, a valid Will may be used as the Trust Deed.
- For a Will Trust we also need to see a copy of the death certificate to confirm the Trust is in effect.
- Nominated bank account: Please provide account details for a UK bank account in the name of the Trust, Beneficiary or Trustee. This is the account to which any withdrawals will be paid.
- The Trust must be registered with HMRC, and you must include in the application form either the 10-digit Unique Tax Reference Number (UTR) or your Unique Reference Number (URN) if the Trust is exempt from tax. Also please send us the Trust Registration Confirmation from HMRC. If your Trust is not required to register with HMRC, please provide an exemption letter from your Solicitor.
Important notes:
- The Society does not accept Discretionary Trusts or any Trusts with discretionary elements.
- We cannot accept applications if any Trustee or Beneficiary is a non-UK resident or if any Trustee is under 18.

Important information before you apply

Before you apply please read our terms and conditions document and FSCS information sheet alongside the key product information above to understand how this account works.