United Trust Bank has unleashed a new 15-month fixed rate bond onto the market, which has soared straight into the Moneyfacts charts thanks to its eye-catching rate and terms.
UTB 15 Month Fixed Bond pays a yearly rate of 2.15%, the market-leading rate for its term, allowing it to firmly establish itself in the charts.
This account can be opened in branch, by post and online and then operated in the same way except online. A minimum investment of £500 is required.
Further additions are not permitted and there is no facility to access funds early, which means savers must ensure that they are happy with their initial investment and the length of the term.
Savers who are looking for a short-term home for their savings are likely to view this newcomer with interest, especially as it boasts a market-leading rate in its sector. Provided they are happy to relinquish access for the duration of the term, this bond should be an appealing choice.
Moneyfacts rating: Excellent
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