Which Bank for Trust Account?

[matt-t]

I have done a lot of thread searching with no result to my dilemma.

I have just set up a Discretionary Trust with my wife and I as trustees.

As this Trust will be receiving monies from US rental properties in $US, which is the best bank to set up an account for this?

So far I have looked at HSBC`s icm account which needs $5k opening balance and have had suggested to me that Citibank with a $10k opening balance could be an option.

Has anybody got recommendations?

Thanks

 

[redwing]

How about an on-line Interest savings account like ING or Commonwealths netbank etc..though I believe you still have to have a 'savings' account linked to tyhem, you get great interest rates..