Virgin Money launches 5-year ISA - ISAs - News - Moneyfacts


Virgin Money launches 5-year ISA

Virgin Money launches 5-year ISA

Category: ISAs

Updated: 04/03/2013
First Published: 04/03/2013

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Virgin Money has returned to the fixed-rate ISA market with the Fixed Rate Cash E-ISA Issue 33, available to savers with deposits of just £1 and over.

The basics…

This deal pays an annual tax-free rate of 2.75%.

The finer details….

Further additions can be made up to 30 days' from the account being opened.

Early access is permitted, subject to a 180 days' loss of interest penalty. Transfers in are accepted.

The account can be operated online only by investors aged 16 and over.

Why we like it….

This deal pays a competitive rate to savers looking to lock their money away for a five-year period. Access to funds during the term is allowed, although this will incur a hefty loss of interest penalty.

Four out of five Moneyfacts Stars have been awarded.

What next?

Search all cash ISAs
3, 4 & 5 year fixed rate ISAs
Download your free guide to ISAs

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

All ISA rates fall below 1.00%

It can’t be denied that the ISA sector has had a tough time of late, and it's taken a significant toll, with our latest figures showing that all average ISA rates have fallen below 1.00% for the first time on record.

Top 6 inflation-beating cash ISAs

Inflation took an unexpected dip in October, official figures have revealed, with the measure of CPI standing at 0.9% (down from 1% in September).

6 of the best variable cash ISAs

The announcement of a flexible ISA came as welcome news this week: soon, savers will be able to withdraw cash and put it back in later...