United Trust Bank
General Information
Overview
United Trust began life in 1955 as Eagil Trust Co. Ltd before becoming United Trust Bank in 1994. The modern era began in 2003 when CEO Graham Davin and Group MD Harley Kegan led a successful management buyout when the balance sheet was just £20m.
Banking Licence
United Trust have their own banking licence which isn’t shared with any other banks
Registration Numbers
Companies House Number: 00549690
Financial Conduct Authority: 204463
Based: Moorgate, London
Date Launched: January 1955
FSCS Protected? Yes
Branches: United Trust has a branch in its Moorgate offices in London
People of Interest
Head of Savings
Brian Todd is Head of Deposits
Chief Executive
Harley Kagan
Saving Information
No. of Savers
33,000
Amount of Deposits
£1.601bn as at 31/12/20
Loan Book
£1.646bn as of 31st December 2020
Account Opening and Management
How Do I Open a Savings Account
Internet, Post, Branch
How Do I Manage a Savings Account
Telephone, Branch
Lending Activities
United Trust has six areas of lending:
- Asset Finance – hire purchase and lease finance on a range of assets including prestige and classic cars, commercial vehicles, buses/coaches, agricultural, construction and media equipment
- Bridging finance – 1st and 2nd charge loans on residential and mixed-use investment properties and portfolios
- Commercial and Residential development finance
- Motor finance to personal customers
- Second charge residential mortgage loans
- Structured Finance on residential, commercial and mixed property portfolios
Reviews
Feefo Reviews
No reviews on Feefo
Trustpilot Reviews
Savings Guru Verdict
United Trust offers very competitive savings rates and they typically withdraw them, rather than offer lower priced versions, once they have attracted enough new money. In 2020, the overall interest rate it paid customers fell by 0.21%, reflecting that interest rates on savings fell during the year.
Although United Trust have an online application, savings can only be managed by post or telephone once opened, which may be frustrating for some savers.
Contact Information for United Trust Bank
Contact Details
28th Floor, One Ropemaker Street, London, EC2Y 9AW
Telephone: 020 7190 5555
Website: utbank.co.uk
Email: info@utbank.co.uk
Open: Monday to Friday, 9am – 5pm.