Business account keeps chart place | Product News - Moneyfacts

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Business account keeps chart place

Business account keeps chart place

Category: Business
Date: 02/07/2015

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 It is now over 6 months old so the content may be out of date.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 reduced the rate of its one-year fixed business bond, but despite this, it has retained its coveted place in the Moneyfacts charts.

The basics…

1 Year Fixed Deposit Business Account now pays a still-competitive 1.50% on maturity (1.49% monthly), which allows it to remain in the charts.

The finer details…

This account can be opened online, in branch and by post and then operated in the same way except online. A minimum investment of £2,000 is required.

Further additions are not permitted but it is possible to access funds early with the bank's discretion, although this will result in closure of the account and the loss of 90 days' interest.

Why we like it…

This deal may have had its rate reduced, but it still holds its own in the charts, something that is sure to appeal to business owners. The option of monthly interest adds to its attraction, as does the offer of early access, although this will result in closure of the account 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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