United Trust Bank has launched a new 15-month fixed rate bond onto the market, securing it a place on the Moneyfacts charts thanks to its competitive rate and terms.
UTB 15 Month Bond pays an attractive rate of 2.15% yearly, the top rate for its term, allowing it to sit comfortably in the Moneyfacts charts.
This account must be opened online with a minimum investment of £500. It can then be managed by post or phone.
As is common in this market, neither additions nor early access to funds are allowed. Savers must therefore be comfortable with the amount they invest and the length of the term from the beginning.
This newcomer is likely to grab the attention of savers looking for a shorter-term home for their savings. Paying a market-leading rate for its term, this deal is an attractive offering, provided investors are happy to lock their money away.
Moneyfacts rating: Excellent
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