Fixed bonds boosted by up to 0.53% | Product News - Moneyfacts

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Fixed bonds boosted by up to 0.53%

Fixed bonds boosted by up to 0.53%

Category: Savings
Date: 21/03/2016

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 It is now over 6 months old so the content may be out of date.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 Bank UK has bucked the rate-cutting trend by boosting the rates paid on its fixed bonds by up to 0.53%, sending all of them into the Moneyfacts charts as a result.

The basics…

1 Year Fixed Term Deposit now pays 1.75% on maturity (1.74% monthly), while its two-year counterpart pays 2.00% yearly (1.98% monthly, 2.02% on maturity) and the three and five-year versions pay respective yearly rates of 2.25% (2.23% monthly, 2.30% on maturity) and 2.80% (2.76% monthly, 2.96% on maturity), enabling all four to move into the top 10 of their respective sectors.

The finer details…

These accounts can be opened and operated in branch and by post with a minimum deposit of £2,000. Savers should note that access is via a nominated account.

As is common in the fixed market, further additions will not be accepted once an account is open; however, it is possible to close an account early, subject to the manager's discretion and the loss of 90, 180, 270 and 365 days' interest respectively for the one, two, three and five-year accounts.

Why we like them…

The rate rises on these accounts have made them forces to be reckoned with in the fixed savings market. As a result, savers who are eager to secure a decent return are likely to pay a great deal of attention to these accounts, particularly as they offer considerable flexibility in how regularly they pay 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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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