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Best Buy bonds hold top-6 position

Best Buy bonds hold top-6 position

Category: Savings
Date: 22/03/2017

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 It is now over 6 months old so the content may be out of date.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 may have reduced rates on a selection of fixed bonds by 0.15%, but despite this, both the one-year and two-year deal holds a place in the Best Buys and subsequently earn a high product rating.

The basics…

The UTB 1 Year Bond now offers a rate of 1.50%, paid on its anniversary, while the two-year equivalent pays 1.65%. Each deal easily grabs a top-six position in their respective sectors.

The finer details…

These accounts require a minimum investment of £500, but as with most fixed rate bonds they do not allow early access before the end of their respective terms, nor further additions. Therefore, savers will need to be comfortable with their initial investment and term from the outset. These bonds must be opened online, after which they can be managed in branch and by post.

Why we like them…

Whilst the bonds have had a small rate cut, they still offer decent returns over one and two years, which is why they retain a competitive position in the Best Buys and are deserving of their high rating. The modest minimum investment may also appeal to investors with limited cash.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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