2-year bond from United Trust Bank stays in top 10 | Product News - Moneyfacts

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2-year bond from United Trust Bank stays in top 10

2-year bond from United Trust Bank stays in top 10

Category: Savings
Date: 17/09/2014

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 It is now over 6 months old so the content may be out of date.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 reviewed its savings portfolio and, despite slight reduction in rate, the two- year bond has kept its competitive edge and maintained its place in the Moneyfacts charts.

The basics…

UTB 1 Year Bond now pays a rate of 1.70% upon maturity while the two-year version pays an annual rate of 2.10% - a top 10 rate for its sector.

The finer details…

A minimum investment of just £500 is needed for these accounts. They can be opened online, but must then be managed by post.

Like many fixed rate accounts, early access to funds prior to maturity is not allowed and further additions are also not welcomed. Investors must therefore be happy with their investment and the length of the bond from the beginning.

Why we like them…

Despite the decrease, the two-year bond still offers a competitive rate that is sure to attract the attention of investors. However, savers must make sure that they are prepared to lock their funds away for the full term as there is no opportunity for early access.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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