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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