United Trust Bank has launched a competitive 18-month bond onto the market, securing it a coveted place on the Moneyfacts charts thanks to its eye-catching rate and terms.
UTB 18 Month Fixed Bond pays 2.00% yearly, which is just below the current market-leading rate.
This account 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, this account does not allow further additions or early access to funds. Savers must therefore bear these restrictions in mind when deciding how much money to lock away for the 18-month term.
This account possesses an attractive rate that allows it to stand out in the charts. As a result, it is likely to prove popular among savers on the hunt for a competitive short-term deal. However, the lack of early access and the inability to contribute extra funds means that savers must be happy with the amount they invest and the length of the term from the beginning.
Moneyfacts rating: Excellent
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