Principality BS serves up an ISA treat

Category: Savings
Date: 3/8/2010

Principality BS has given savers food for thought with the launch of its new Five Year Fixed Rate ISA.

Requiring a minimum investment of £3.6K, this Cash ISA account pays 4.50% yearly, one of the best fixed rate ISA payouts around.

However, savers should be prepared to leave their money alone for the long term, as although early access to the money is allowed, 360 days of interest will be lost and the account will have to be closed.

Transferring out the ISA attracts the same penalty, while transfers in to the account have to be made when it is first opened.

So for savers hoping to make full use of the current tax year's allowance but wanting to transfer ISAs from previous tax years too, the clock is ticking down to 5 April.

A lip smacking rate sees this account earn four out five Moneyfacts stars.

Compare fixed rate ISA or take a look at our best sellers savings accounts

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