Union Bank of India improves 2yr bond | Product News | moneyfacts.co.uk

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Union Bank of India improves 2yr bond

Union Bank of India improves 2yr bond

Category: Savings
Date: 15/05/2017

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 It is now over 6 months old so the content may be out of date.

Union Bank of India UK has increased selected rates by up to 0.15%, resulting in its two-year deal entering the Best Buy chart for its sector and earning a high Moneyfacts rating.

The basics…

The two-year Term Deposit account now boasts a rate of 1.70%, paid on maturity (interest compounded annually).

The finer details…

This account requires a minimum investment of £1,000. It does not allow any early access, so savers will have to ensure they won't need their funds for the entire term. The account can be opened in branch or by post, after which it can be managed online as well.

Why we like it…

The increased rate on this account has made it attractive enough compared with its competitors to earn a spot in the Best Buy charts, as well as a high rating.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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