United Trust Bank has increased the rate paid on its one-year fixed rate bond by 0.20%, catapulting it into a prime position on the Moneyfacts charts.
UTB 1 Year Bond now pays 2.10% on maturity, a joint market-leading rate for its sector.
This account can be opened in branch by post and online, before becoming branch and postal-operated. It requires a minimum investment of £500.
As is common in the fixed sector, no additions or early access to funds are permitted. Savers must therefore be comfortable with the size of their original investment and the length of the term.
The significant rate boost to this deal has pushed it straight into the charts, a move that is sure to attract savers who are looking for a highly competitive short-term home for their savings.
Moneyfacts rating: Excellent
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