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Product Focus: Variable Rate Cash ISAs

Product Focus: Variable Rate Cash ISAs

Category: Savings

Updated: 24/06/2009
First Published: 24/06/2009

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 It is now over 6 months old so the content may be out of date.
In recent weeks rates on variable rate ISAs have started to fall, but if customers are prepared to place their money in a fixed rate cash ISA then they can still achieve a very competitive rate of interest.

Newcastle Building Society – Five Year ISA (Issue 1)

Newcastle Building Society is currently paying 5.00 per cent on its Five Year ISA, which matures on 31 July 2014. The ISA accepts transfers in and savers can invest up to £43,200, with further additions permitted whilst the issue remains open. If access to funds is required, savers must give 90 days' notice.

Leeds Building Society – 5 Year Fixed Rate ISA

Leeds Building Society is currently paying 4.05 per cent on its Five Year ISA, which matures on 31 July 2014. The account which is operated by branch or post accepts ISAs and savers can invest up to £43,200. Savers can withdraw up to 25% of their investment penalty free, with further withdrawals permitted subject to a 180 days' loss of interest.

Halifax – Fixed Rate ISA

Savers looking to fix the rate on their investment for a shorter period of time can get a rate of 3.50 per cent from the Halifax on its Fixed Rate ISA. The ISA has a two year term and accepts transfers in up to £43,200. Access is available on closure only, subject to 30 days' notice and a loss of 180 days' interest.

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 Any products featured may be withdrawn by their provider or changed at any time.

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