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.
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.
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.
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 Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.