Business bond gets 0.25% boost | Product News - Moneyfacts

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Business bond gets 0.25% boost

Business bond gets 0.25% boost

Category: Business
Date: 06/02/2015

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 It is now over 6 months old so the content may be out of date.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 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.

The basics…

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 finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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