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United Trust Bank

General Information


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


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


Feefo Reviews

No reviews on Feefo

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

Open: Monday to Friday, 9am – 5pm.

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

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