1 & 2-yr ISAs stay among the top 10 | Product News - Moneyfacts

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1 & 2-yr ISAs stay among the top 10

1 & 2-yr ISAs stay among the top 10

Category: ISAs
Date: 20/01/2016

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 It is now over 6 months old so the content may be out of date.

Julian Hodge Bank has reduced the rate paid on its one and two-year fixed ISAs, but despite this, both have retained their competitive edge and kept their places in the Moneyfacts charts.

The basics…

1 Year Fixed ISA now pays 1.60% yearly while its two-year counterpart pays a yearly rate of 1.85%, enabling both to stay among the top 10 accounts of their respective sectors.

The finer details…

Both of these accounts can be opened and operated in branch, by post and by phone with a minimum investment of £5,000.

Although additional deposits are not allowed, it is possible to transfer in existing cash and stocks & share ISAs, provided a minimum of £5,000 is transferred. It is also possible to access funds early, albeit upon closure of the accounts and the payment of a penalty. Transfers away will also incur these penalties.

Why we like them…

The competitiveness of these ISAs has been maintained in spite of the recent rate reductions, enabling both to keep eye-catching positions in the charts. The fact that they allow transfers in and early access, albeit upon payment of a penalty and closure of the accounts, gives savers some additional flexibility, which will help to maintain interest from those seeking a decent return.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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