United Bank UK has boosted the rate of its one-year bond by 0.16%, propelling it into a market-leading position for its term.
1 Year Fixed Term Deposit now pays a top rate of 1.91% on maturity (1.89% monthly).
This account can be opened and operated in branch and by post with a minimum deposit of £2,000.
Although further additions are not allowed, it is possible to access funds early with the bank's discretion. This will result in closure of the account and the loss of 90 days' interest.
A business version is also available for business owners, paying a slightly reduced rate of 1.81% on maturity (1.80% monthly).
The rate boost has moved this account to the very top of its sector, something that is sure to be noticed by savers. The possibility of early closure is an added bonus, although savers should remember that doing so will require permission and a loss of interest.
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 Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.