Yorkshire Bank has launched a new long term fixed rate ISA that should appeal to investors happy to tie their money up in return for a high rate of interest.
The Cash ISA – Fixed Rate Bond Issue11 pays 4.50% yearly on a minimum investment of £2K.
Earlier closure and transfers out are subject to a penalty (minimum £30): 1-91 days to maturity, 45 day loss of interest; 92-181 days to maturity, 90 day loss of interest; 182-273 days to maturity, 135 day loss of interest; and more than 273 days to maturity, 180 day loss of interest.
Transfers in are permitted but no further additions are allowed.
The launch of this long term fixed rate ISA from Yorkshire Bank paying 4.50% sits comfortably towards the top of its sector. For clients looking to transfer previous years' subscriptions this also offers a highly competitive rate.
The account is also available with Clydesdale Bank.
Four out of five Moneyfacts stars have been awarded.
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