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Launch from Yorkshire Bank is double ISA winner

Launch from Yorkshire Bank is double ISA winner

Category: Savings

Updated: 02/03/2011
First Published: 02/03/2011

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 It is now over 6 months old so the content may be out of date.

Yorkshire Bank has launched a couple of new cash ISA accounts that will appeal to both ends of the fixed rate spectrum.

The Cash ISA Fixed Rate Bond (Issue 8) is a fixed term cash ISA maturing on 30 April 2012, with a minimum investment of £2K paying 3.00% yearly.

The Cash ISA Fixed Rate Bond (Issue 9) is a fixed term cash ISA maturing on 29 April 2016, with a minimum investment of £2K paying 4.25% yearly.

For both accounts: One addition for the tax year 2011/12 can be made provided the issue remains open, but no further additions are permitted for tax year 2010/11. Transfers in are permitted.

Earlier closure and transfers out are subject to a penalty (minimum £30): 1-91 days to maturity 45 days' loss of interest, 92-181 days to maturity 90 days' loss of interest, 182-273 days to maturity 135 days' loss of interest and more than 273 days to maturity 180 days' loss of interest.

The accounts are also available from Clydesdale Bank.

At 3.00% and 4.25% respectively they are both amongst the market leaders in their fields. If the products are still available at the start of the new tax year one further payment can be made - a plus point for a fixed ISA.

Four out of five Moneyfacts stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.

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