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.
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.
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.
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
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