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United Trust Bank fixes it for charities

United Trust Bank fixes it for charities

Category: Business

Updated: 02/12/2009
First Published: 02/12/2009

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 It is now over 6 months old so the content may be out of date.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 given charities looking to tie up their funds in a fixed bond a helping hand.

All terms of its Fixed Deposit bonds have seen their rates rise, while the five year offering paying 4.75% is a market leader.

The three year bond pays 3.75%, the two year pays 3.25%, the one year pays 3.00% and the six month pays 2.50%.

Neither additions nor withdrawals are allowed so investors will need to be certain exactly what funds they wish to commit from the outset.

The top ranking rate sees this product earn four out five Moneyfacts stars.

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