Trusts go along way on Bondsmith
Opening a bank account for a trust can be tough. Managing and protecting large cash deposits across multiple banks? Near impossible. That’s why Bondsmith offers both, with access to highly competitive rates from our marketplace.
Get the best for beneficiaries
A single application to Bondsmith provides access to competitive rates from over 60 trusted partner banks, making daily management or long-term growth of the trust effortless.
Maximise performance
Whether you’re managing a trust account personally or on behalf of a client as an intermediary, ensure your maximising the return on cash savings.
Building trust on Bondsmith
FSCS Protection
Distribute cash across multiple banks to maximise FSCS protection, ensuring eligible deposits are covered up to £85,000 per banking group.
No more paperwork
The Bondsmith Marketplace makes finding the best rates and depositing with our panel of banks quick and easy. Deposit with multiple banks effortlessly, without the paperwork.
Dedicated support
With a wealth of experience working with trusts, our expert team is here to help you maximise the benefits of Bondsmith’s accounts.
FSCS Protection
Distribute cash across multiple banks to maximise FSCS protection, ensuring eligible deposits are covered up to £85,000 per banking group.
No more paperwork
The Bondsmith Marketplace makes finding the best rates and depositing with our panel of banks quick and easy. Deposit with multiple banks effortlessly, without the paperwork.
Dedicated support
With a wealth of experience working with trusts, our expert team is here to help you maximise the benefits of Bondsmith’s accounts.
Seamlessly and securely deposit cash
All our partner banks and the Bondsmith Holding Account are FSCS-protected, guaranteeing your savings are covered up to £85,000 at every level as cash is managed.
Security on Bondsmith
Your account is protected by Bondsmith's state-of-the-art bank-grade security infrastructure.
Bondsmith is a single service, accessed from a single application and sign in, that allows you to deposit across partner multiple banks and savings accounts.
Bondsmith makes it easy for you to build a portfolio of savings accounts, helping you earning competitive rates of interest and spreading your deposits across different banks to increase your FSCS protection.
The hub account is an account held for you with an approved bank (currently HSBC Bank Plc), for which you will have your own unique account number and sort code.
This account enables you to place and manage deposits efficiently across all savings accounts made available by our partners banks. All withdrawals and maturities from our partners banks will come to your hub account first. From here you can deposit again or withdraw back to your nominated bank account.
There are no charges or fees. Bondsmith will receive a share of the interest from the bank. This is deducted prior to the account being made available on the platform so the rates you see are the rates you will get.
The Bondsmith account is available to individuals (and joint accounts) who are resident in the UK. Unfortunately the service is not available to US citizens.
Bondsmith is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference 955601, for the issuing of electronic money. Bondsmith Savings Ltd is registered in England and Wales, No 13223331. Registered office: 124-128 City Road, London, EC1V 2NJ.
FAQs
If you have any additional questions our team is ready to assist you.
Ready to start saving?
Start growing your personal wealth today.
