United Trust Bank – UTB 15 Month Bond
This week, United Trust Bank has increased the rate on its 15-month bond by 0.10%. Now paying 0.85%, this deal sits towards the top of the market in its sector and may well entice savers looking for a competitive rate over the short-term who have £5,000 to invest as a lump sum. As is common with fixed bonds, the deal does not permit early access to funds, so careful planning is a must. On balance, this bond receives an Excellent Moneyfacts product rating.
Key product details:
- Rate: 0.85% gross / 0.85% AER, payable on anniversary
- Notice / term: 15 months
- Minimum opening amount: £5,000
- Maximum investment amount: £1,000,000
- Access: Not permitted
- Further additions: Not permitted
- Opening account: Online
- Managing account: Online, by phone and by post
- Other information: Minimum applicant age 18, joint account option available.
Tandem Bank – Tandem 1 Year Fixed Saver
Tandem Bank has improved the rates offered on its Tandem Fixed Saver accounts this week, with its one-year deal improving by 0.15%. Now paying 0.75%, the deal sits within the top 10 compared to its peers within this sector and may appeal to savers who have £1,000 to invest and are able to do so within 14 days of opening an account. Early access and further additions are not permitted, as is common with fixed bonds, so careful planning is advised. This account earns an Excellent Moneyfacts product rating.
Key product details:
- Rate: 0.75% gross / 0.75% AER, payable on anniversary
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: £2,500,000
- Access: Not permitted
- Further additions: Not permitted
- Opening account: Online
- Managing account: By phone and by post
- Other information: Minimum applicant age 18, 14 days from account opening to make initial deposit.
