1-yr business bond enters top 5 | Product News - Moneyfacts

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1-yr business bond enters top 5

1-yr business bond enters top 5

Category: Business
Date: 07/05/2015

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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.

The basics…

1 Year Fixed Deposit Business Account now pays a competitive top-five rate of 1.65% yearly (1.64% monthly).

The finer details…

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.

Why we like it…

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

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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