Bank of Cyprus UK has reviewed its fixed rate ISA range, which sees all rates reduced by 0.1%. Despite this, the one-year option still remains one of the top products at this term.
The one-year fixed rate ISA pays 3.05% yearly and savers must invest a minimum of £500 in order to open this account.
The finer details….
Transfers in of previous ISA pots is allowed; however, early access to funds is on account closure only and will incur a penalty of 180 days' loss of interest .
Why we like it…
This is a top rate for savers looking for a short-term home their tax-free ISA allowance - £5,640 for the 2012-2013 tax year. 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 Any products featured may be withdrawn by their provider or changed at any time.
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