Clydesdale Bank re-enters cash ISA fray - Savings - News | moneyfacts.co.uk

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Clydesdale Bank re-enters cash ISA fray

Clydesdale Bank re-enters cash ISA fray

Category: Savings

Updated: 16/04/2010
First Published: 16/04/2010

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 It is now over 6 months old so the content may be out of date.
Clydesdale Bank has re-entered the fixed rate ISA fray with this three year fixed rate bond cash ISA.

Offering investors a return of 3.90% for a medium term investment, the product is a market leader in its field.

A minimum investment of £2K is required, but savers will need to get themselves organised, as only one deposit is allowed per tax year and any transfers in must be initiated on account opening.

Early closure of the account and transfers out are allowed, with penalties payable on a sliding scale: 1-91 days to maturity sees the loss of 45 days' interest; 92-181 days to maturity involves 90 days' loss of interest; 182-273 days to maturity sees 135 days' loss of interest and more than 273 days to maturity costs 180 days' loss of interest.

The minimum penalty payable is £30.

Four out of five Moneyfacts stars are richly deserved.

Find the best savings account for you - Compare best selling savings accounts




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 Any products featured may be withdrawn by their provider or changed at any time.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

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.
 
Close