United Bank UK has upped the rates on its 1, 2, 3 and 5-year fixed rate bonds for businesses, with up to 0.70% being added to some products. This welcome boost has moved the one-year bond into the top five of the Moneyfacts charts, while the two and three-year products hold their own in their respective sectors.
The 1 Year Fixed Deposit Business Account now pays a competitive 1.75% yearly (1.74% monthly), while the two-year account pays 2.10% per year (2.08% monthly, 2.12% on maturity). The three-year version has a rate of 2.60% yearly (2.57% monthly, 2.67% on maturity) and the five-year account, which boasts the largest rise, pays 3.10% yearly (3.06% monthly, 3.20% on maturity).
Accounts can be opened and operated either in branch or by post with a minimum investment of £2,000. Further additions are not permitted once the addition is open.
By improving the rates on their fixed term bonds for businesses, United Bank UK has secured its position in the chart for competitive business saving. The option to get interest paid monthly, yearly or at maturity will add to the appeal, with flexibility as well as competitive rates.
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 Any products featured may be withdrawn by their provider or changed at any time.
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