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Skipton BS unveils market leading ISA

Skipton BS unveils market leading ISA

Category: Savings

Updated: 25/01/2011
First Published: 20/01/2011

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 It is now over 6 months old so the content may be out of date.

Skipton BS has unveiled a new cash ISA that leads the way in its field.

The Regular Saver ISA is a 12 month fixed term fixed rate regular savings cash ISA paying 3.25% on maturity.

There is no minimum monthly payment and but a maximum monthly cap of £445 is in place. Additional monthly payments are permitted provided the maximum of £445 is not exceeded.

Early closure and transfers out are allowed without penalty. Transfers in are not accepted and on maturity the account transfers to Branch Cash ISA.

The Regular Saver Cash ISA launched by Skipton BS may appeal to new ISA investors who do not have a lump sum to invest and adds to the limited regular savings ISA market.

At 3.25%, it is not only a market leading one year fixed rate but also a top rate for a regular savings ISA.

Four out of five Moneyfacts stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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