Bank of Cyprus UK reveals fixed rate ISA - Savings - News - Moneyfacts


Bank of Cyprus UK reveals fixed rate ISA

Bank of Cyprus UK reveals fixed rate ISA

Category: Savings

Updated: 16/03/2009
First Published: 16/03/2009

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 It is now over 6 months old so the content may be out of date.

Bank of Cyprus UK has launched into the cash ISA market with a fixed rate product to set pulses racing.

On offer is a competitive rate of 3.20%, payable on maturity at 5 April 2010 on a minimum investment of £1.

Additional payments are welcome throughout this tax year (2008/09) and the next (2009/10), while transfers in of ISAs from previous tax years are accepted too.

However, accessing your funds before the one year fixed term is up is only allowed through closure of the account.

As it will see the loss of 180 days' interest to boot, it's best to be certain you want to commit your funds before investing.

With the rate on offer amongst the best in the market, we've awarded this product four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.

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