United Bank UK has increased the rate of its two-year bond by 0.25%, moving it into the top five accounts of its sector.
2 Year Fixed Term Deposit now pays a competitive rate of 2.15% yearly (2.13% monthly, 2.17% on maturity), allowing it to move up the Moneyfacts charts.
This account can be opened and operated in branch and by post with an initial deposit of at least £2,000. Savers should note that access is via a nominated account.
Although further additions are not allowed, it is possible to access funds early if permission is given, subject to closure of the account and the loss of 180 days' interest.
The rate boost to this account has bolstered its position in the Moneyfacts charts, something that is bound to be noticed by savers. The choice of equally competitive monthly and on-maturity interest options adds some welcome flexibility, as does the possibility of early access, provided certain conditions are met.
Moneyfacts rating: Excellent
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