1-yr fixed ISA climbs the charts | Product News - Moneyfacts

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1-yr fixed ISA climbs the charts

1-yr fixed ISA climbs the charts

Category: ISAs
Date: 16/06/2015

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 It is now over 6 months old so the content may be out of date.

Nationwide Building Society has increased selected savings rates by up to 0.40%. One of the deals to benefit from a rate rise was its one-year fixed ISA, which has improved its position in the Moneyfacts charts as a result.

The basics…

1 Year Fixed Rate ISA now pays 1.65% yearly (1.60% monthly), allowing it to sit just below the current market-leader of its sector.

The finer details…

This account can be opened and operated in branch and online with an initial investment of just £1.

Although no further additions are permitted, it is possible to transfer in existing cash and stocks & shares ISAs. Early access is permitted upon closure of the account (which must be done in branch) and the loss of 90 days' interest. This penalty will also apply to transfers away.

Why we like it…

The rate boost to this ISA has propelled it up the charts to sit closely behind its sector's market-leader, something that is sure to catch the eye of savers. What makes it a great all-round product, however, is the option of monthly interest and the ability to access funds early, albeit upon closure of the account and an interest penalty.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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