1-yr business bond heads into the charts | Product News - Moneyfacts

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1-yr business bond heads into the charts

1-yr business bond heads into the charts

Category: Business
Date: 21/03/2016

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 It is now over 6 months old so the content may be out of date.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 rates paid on its fixed bonds by up to 0.53%. One of the accounts to benefit is the one-year business bond, which has secured a comfortable place in the charts as a result.

The basics…

1 Year Fixed Deposit Business Account now pays an attractive rate of 1.65% on maturity (1.64% monthly), enabling it to take a stand among the top accounts of its sector.

The finer details…

This branch and postal-operated account requires an initial investment of at least £2,000. Business owners are not allowed to make additional deposits, but they can close the fund early, subject to the manager's discretion and the loss of 90 days' interest.

Why we like it…

Business owners who want a short-term home for their non-personal savings are likely to be pleased by the rate increase on this account, which has boosted its competitive appeal. The fact that it also has the option of monthly interest and allows early closure, albeit subject to certain conditions, further accentuates its interest to savers.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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