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.
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.
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.
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
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