United Trust Bank boosts business bond rates | Product News - Moneyfacts

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United Trust Bank boosts business bond rates

United Trust Bank boosts business bond rates

Category: Savings
Date: 14/08/2014

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 It is now over 6 months old so the content may be out of date.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 Trust Bank has topped up its one-year savings bonds by up to 0.50%. This has given its one-year business account some extra muscle, which has pushed it into the top 10 of the Moneyfacts charts.


The basics…

Business 1 Year Bond now pays 1.50% on maturity. A charity version of the account, now paying 1.75%, is also available.


The finer details…

This account can be opened and operated in branch or by post with a minimum investment of £500. As with most fixed bonds, no additions or withdrawals are permitted. Early access is also not available, so businesses will need to be comfortable with their investment and the term chosen from the outset.


Why we like it…

Compared with bonds of a similar term, this bond from United Trust Bank easily holds it own, securing it a place in the top 10 of the Moneyfacts charts. While the account lacks the flexibility of early access or withdrawals, the competitive rate and small minimum investment will still appeal to investors.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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