United Trust Bank has launched a new four and five-year fixed rate bond, both of which have leapt straight into the Moneyfacts charts thanks to their eye-catching rates and terms.
UTB 4 Year Bond pays a competitive rate of 3.00% yearly, while its five-year counterpart pays 3.10% yearly, both top-10 rates for their terms.
These accounts can be opened in branch, by post and online and then operated in the same way except online. An initial deposit of at least £500 is required.
As is common in the fixed rate sector, neither additions nor early access to funds are allowed. Savers must therefore ensure that they are happy with their initial investment and the length of their chosen bond from the beginning.
Both of these bonds offer enticing rates, which will appeal to those who are looking for a longer-term home for their money. Provided they are happy to lock their money away, both of these bonds should prove to be popular among investors.
Moneyfacts rating: Excellent
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