Rate boost pushes 1-yr bond into top 10 | Product News - Moneyfacts

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Rate boost pushes 1-yr bond into top 10

Rate boost pushes 1-yr bond into top 10

Category: Savings
Date: 21/05/2015

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 It is now over 6 months old so the content may be out of date.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 boosted the rate of its one-year bond by 0.25%, pushing it into a coveted place on the Moneyfacts charts.

The basics…

UTB 1 Year Fixed Bond now pays 1.75% on maturity, which allows it to sit comfortably among the top 10 accounts of its sector.

The finer details…

This account can be opened online and by post, and then becomes branch or postal-operated. A minimum deposit of £500 is needed.

Like many fixed rate deals, further additions and early access to funds is not permitted, so savers must think carefully about how much they wish to lock away.

Why we like it…

This latest rate increase has put this account into a comfortable position in the charts, which is sure to please savers on the hunt for a competitive return. However, the lack of early access does mean that savers must be prepared to keep their money invested for the full length of the one-year term.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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