Fixed bonds keep a grip on their chart places | Product News - Moneyfacts

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Fixed bonds keep a grip on their chart places

Fixed bonds keep a grip on their chart places

Category: Savings
Date: 20/07/2015

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 It is now over 6 months old so the content may be out of date.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 reduced the rates of selected fixed bonds by up to 0.15%. Despite this, its one-year and 18-month deals have retained their chart places thanks to their competitive terms.

The basics…

UTB 1 Year Bond now pays 1.90% on maturity while its 18-month counterpart pays 2.00% yearly, both of which are top-10 rates in their respective sectors.

The finer details…

These accounts can be opened by post and online and then managed in branch or by post. A minimum investment of £500 is required.

As with many fixed rate deals, neither account allows further additions or early access to funds. As such, savers must be prepared to lock their money away for the full length of their chosen term.

Why we like them…

These bonds may have had a slight rate decrease, but they are still worthy competitors in the market and boast top-10 rates. However, savers must be happy with the size of their investment and the length of their chosen term from the outset as there is no flexibility to add further funds or withdraw money before maturity.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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