United Bank UK increases its fixed bond rates | Product News - Moneyfacts

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United Bank UK increases its fixed bond rates

United Bank UK increases its fixed bond rates

Category: Savings
Date: 11/08/2014

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 It is now over 6 months old so the content may be out of date.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 Bank UK has given its 1, 2, 3 and 5-year fixed rate bonds a welcome increase of up to 0.70%, securing a place for all products in the top 10 of the Moneyfacts charts for their respective terms.

The basics…

The 1 Year Fixed Term Deposit now pays 1.85% on maturity (1.83% monthly), while the two-year variant pays 2.20% yearly (2.18% monthly, 2.22% on maturity). The three-year term has a rate of 2.70% annually (2.67 monthly, 2.77% on maturity) and the five-year account, which has had the biggest boost, will now pay 3.20% per year (3.15% monthly, 3.30% on maturity).

The finer details…

All four products can be opened online, in branch or by post with a minimum investment of £2,000, and can then be operated by post or in branch. No additions or withdrawals can be made once the accounts are open, but there is the option of early closure, subject to a penalty of 2.00% being applied.

Why we like them…

The 1, 2, 3, 4 and 5-year accounts offered by United Bank UK all make their presence felt in the top 10 of the Moneyfacts charts for their respective terms. The monthly and on-maturity options provide an added bonus, and the option for early closure also gives the products extra appeal.

Four Moneyfacts Stars have been awarded.


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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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