Manchester BS does savers a favour - Savings - News - Moneyfacts

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

Manchester BS does savers a favour

Manchester BS does savers a favour

Category: Savings

Updated: 25/11/2009
First Published: 16/11/2009

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 It is now over 6 months old so the content may be out of date.

Manchester BS has expanded its savings portfolio with the launch of a new Fixed Rate Cash ISA.

Paying 4.51% yearly, the five year fixed term cash ISA is the leader in its field.

A minimum investment of £1K is required, while the ability to make one penalty free withdrawal for up to 25% of the balance is a plus.

Further withdrawals are, however, subject to 30 days' notice and 90 days' loss of interest, as are transfers out.

Additions are permitted, while transfers in are accepted until the end of January 2010.

Likely to prove popular if you're looking for a long term home for your tax free allowance, this product earns four out five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.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

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.