United Trust Bank (UTB) has relaunched its Base Rate Tracker Account to businesses and charities which is now paying 4.25% Gross/AER interest. However, this offer is only available for a limited time.
The savings account tracks the movement of the Bank of England Base Rate and enables customers to benefit from future rate increases without moving their money.
Business and Charity customers can open a new 120-day Notice Base Rate Tracker which is paying 4.25% Gross/AER interest, exactly matching the Bank of England Base Rate. Any future changes to the Base Rate will be automatically applied to the accounts within 3-days.
The type of account requires 120-days notice to make a withdrawal of some or all of the balance. Notice can be given in writing or via the contact form on the Bank’s website. The minimum deposit is £5,000.00 per account upto a maximum of £1m. The interest rate payable tracks the movements of the Base Rate both up and down.
Eligible savings are protected by the Financial Services Compensation Scheme.
More information can be found here: Notice Accounts – United Trust Bank