United Bank UK has increased rates across its range of business accounts by up to 0.25%, with its one-year bond benefiting from the highest increase to catapult it into the charts.
1 Year Fixed Deposit Business Account now pays 1.65% on maturity from a minimum investment of £2,000, a top-10 rate for its sector. A monthly option paying a slightly reduced rate is also available.
The account can be managed by post or in branch with no turnover requirements to contend with. Like many fixed products, no further additions or withdrawals are permitted, but it does allow earlier access at the manager's discretion, subject to closure of the account and the loss of 90 days' interest.
This rate review from United Bank UK ensures its one-year business account easily takes a position within the top 10 for its respective sector. Its competitive rate and additional flexibility means it should have widespread appeal to businesses seeking real returns.
Moneyfacts rating: Excellent
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