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.
UTB 1 Year Bond now pays 2.15% on maturity, a market-leading rate for its term.
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.
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 Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.