United Trust Bank has reviewed its savings range and improved rates across several fixed term products, which has secured its three-year account a position in the Moneyfacts charts.
UTB 3 Year Bond now pays 2.40% yearly, an increase of 0.10% on its predecessor, from a minimum investment of £500.
This account can be opened online or by post but then becomes postal-operated. In common with most fixed rate accounts, there's no flexibility for further additions or earlier access, so savers will need to be comfortable with both the term and the investment from the outset.
This rate increase sees UTB's account easily make its way up the Moneyfacts charts, offering a highly competitive rate for those willing to lock their money away for the medium term.
Moneyfacts rating: Excellent
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