New 4 & 5-yr fixed bonds jump right into charts | Product News - Moneyfacts

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New 4 & 5-yr fixed bonds jump right into charts

New 4 & 5-yr fixed bonds jump right into charts

Category: Savings
Date: 08/12/2015

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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.

The basics…

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.

The finer details…

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.

Why we like them…

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

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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