Product focus: Fixed rate ISAs - Savings - News - Moneyfacts

News

Product focus: Fixed rate ISAs

Product focus: Fixed rate ISAs

Category: Savings

Updated: 23/11/2010
First Published: 22/11/2010

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 It is now over 6 months old so the content may be out of date.

Despite a phenomenal rise in the number of people banking online, many savers still prefer to operate their accounts via traditional methods such as in branch and by post. Here is a selection of some of the best fixed rate ISAs launched by well known high street providers over the past month, which can only be operated by post or in branch.

Northern Rock – Fixed Rate Cash ISA Issue 152

This account pays an annual rate of 4.10%. A minimum deposit of £500 is required and further additions can be made up to 30 days after the issue is closed. Early access is allowed, subject to 180 days loss of interest. Upon maturity the rate reverts to the 30 Day Cash ISA, offering free access for 30 days. Transfers in are accepted. The account can be operated by savers aged 16 and over by post only.

Santander– 2 Year Fixed Rate Postal ISA

The rate for this Santander account is determined by the investment amounts, as follows: For deposits between £1 and £9,999 a rate of 3.00% is paid, while savers with deposits of £10,000 and over will receive a rate of 3.25%. Further additions are not allowed. Early access is allowed, subject to 120 days loss of interest. Transfers in are accepted, but must be requested when the account is opened. The account is available to savers aged 16 and over and can be operated by post only.

Nationwide Building Society – 1 Year Fixed Rate ISA

The rates for this deal are split by investment tiers, as follows: Between £1 and £9,999, 2.75%; £10,000 and £24,999, 2.80%; £25,000 and £49,999, 2.90% and for £50,000 and over 3.00%. Further additions are not allowed. Early access is allowed on closure only, subject to 90 days loss of interest. Transfers in are accepted. The account can be operated in branch only by savers aged 16 and over.

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 Any products featured may be withdrawn by their provider or changed at any time.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

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.

Start saving for Christmas… 2017!

Christmas is just around the corner and our annual festive splurging is starting to step up, but are you prepared? It may be too late to start saving for this year’s festive spend, but it’s never too early to start for next year’s!
 
Close