United Bank UK has increased the rate of its one-year fixed rate ISA by 0.25%, pushing it up the Moneyfacts charts and earning it an 'excellent' review.
1 Year Fixed Rate NISA now has a joint market-leading rate of 1.65%, which allows it to sit comfortably towards the top.
This account can be opened in branch and by post, and then managed by the same methods as well as online. An initial investment of at least £2,000 is required.
Like many fixed rate products, further additions and early access to funds will not be permitted. However, transfers in of existing cash and stocks & shares ISAs are welcomed. Savers should note that transfers away from this account will incur an interest penalty.
This account's appeal has been boosted considerably by the rate increase, which sees it storm up the Moneyfacts charts for its sector. This, along with the option to transfer in existing ISAs, is therefore likely to appeal to savers looking for a decent return without having to lock their money away for a long time.
Moneyfacts rating: Excellent
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