Look for long term appeal with Yorkshire Bank ISA - Savings - News - Moneyfacts

News

Look for long term appeal with Yorkshire Bank ISA

Look for long term appeal with Yorkshire Bank ISA

Category: Savings

Updated: 29/01/2013
First Published: 30/06/2011

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 It is now over 6 months old so the content may be out of date.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

Find the best savings account for you - Compare fixed rate cash 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 Any products featured may be withdrawn by their provider or changed at any time.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

6 of the best monthly interest savings accounts

Monthly interest savings accounts pay interest on your savings each month – as opposed to yearly – and therefore allow you to take a regular income from your hard-earned cash.

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.
 
Close