1-yr bond rate boost puts it top of its sector | Product News - Moneyfacts

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1-yr bond rate boost puts it top of its sector

1-yr bond rate boost puts it top of its sector

Category: Savings
Date: 08/12/2015

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 It is now over 6 months old so the content may be out of date.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 Trust Bank has increased the rate paid on its already-competitive one-year fixed rate bond by significant 0.25%, catapulting it above its peers and cementing its place in the Moneyfacts charts.

The basics…

UTB 1 Year Bond now pays 2.15% on maturity, a market-leading rate for its term.

The finer details…

This account must be opened online and can then be managed in branch or by post. A minimum investment of £500 is needed.

Neither additions nor early access to funds are permitted with this bond, so savers must be comfortable with the size of their initial investment and the length of the term from the start.

Why we like it…

The sizeable rate boost to this bond has certainly made it stand out from the crowd. Now offering a market-leading rate for its term, this deal is bound to attract savers who are keen to secure a decent return over the short term.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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