1-yr business bond stays in the top 10 | Product News - Moneyfacts

Product News

1-yr business bond stays in the top 10

1-yr business bond stays in the top 10

Category: Business
Date: 15/04/2016

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 It is now over 6 months old so the content may be out of date.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 reduced the rates paid on selected business bonds, but its one-year deal has proved the strength of its competitiveness and remained among the top 10 accounts of its sector.


The basics…

1 Year Fixed Deposit Business Account now pays a still-competitive rate of 1.30% yearly (1.29% monthly), enabling it to retain a coveted chart position.


The finer details…

This account can be opened and operated by business owners either in branch or by post. An initial investment of at least £2,000 is required.

Additional deposits are not permitted, but there is the potential of closing the bond early, provided permission is given by the manager and a 90-day loss of interest penalty is paid.


Why we like it…

Business owners on the hunt for a short-term home for their non-personal savings are likely to still look upon this deal with favour. It continues to pay a competitive rate and offers a monthly interest option, which will appeal to those who want to receive a regular income. In addition, there is the potential for accessing funds early, albeit subject to discretion and an interest penalty.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close