Cater Allen Private Bank has substantially boosted the rate available on its one year fixed rate ISA.
The 12 month fixed term cash ISA now pays a rate of 3.30% on a minimum investment of £5.1K (£5,340 for tax year 2011/12).
Earlier access is only allowed if holders close the account, which also incurs a 90 day loss of interest on closure only on 90 day loss of interest.
Transfers in are allowed but transfers out are subject to 90 days' loss of interest, while no further additions are permitted as the account requires holders to invest their full ISA allowance for the tax year.
This ISA review from Cater Allen Private Bank makes this one year offering a market leading rate for a short term investment.
For those still looking to invest this year's tax free allowance or planning ahead for next year, paying 3.30% this deal is very attractive. It also offers the added flexibility of access to funds subject to a penalty.
Four out of five Moneyfacts star have been awarded.
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