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.
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.
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.
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
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