United Bank UK has increased the rate of its one-year fixed account by 0.25%, moving it into the top five accounts of its sector.
1 Year Fixed Deposit Business Account now pays a competitive top-five rate of 1.65% yearly (1.64% monthly).
This account can be opened in branch, by post and online and then managed in the same way except online. A minimum investment of £2,000 is required.
Further additions are not allowed, but it is possible to close the account early provided permission is given and 90 days' interest is forgone.
Increasing the rate of this bond has boosted its competitiveness and enabled it to secure a higher chart position. Business savers are likely to welcome the flexibility of early access and the choice of a monthly interest option, which both serve to increase this account's appeal even further.
Moneyfacts rating: Excellent
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