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.
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.
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.
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.
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