1-yr fixed ISA heads into the top 10 | Product News - Moneyfacts

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1-yr fixed ISA heads into the top 10

1-yr fixed ISA heads into the top 10

Category: ISAs
Date: 28/08/2015

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 It is now over 6 months old so the content may be out of date.

Furness Building Society has increased the rates of selected savings products by up to 0.45%, enabling its one-year fixed rate ISA to move into the Moneyfacts charts.

The basics…

1 Year Fixed Rate Issue 106 now pays a competitive rate of 1.65% on maturity, a top-10 rate in its sector.

The finer details…

This account can be opened and operated in branch and by post with a minimum investment of £1,000.

Further additions are not permitted but it is possible to transfer in existing cash ISAs. Savers are also able to access funds early, albeit upon closure of the account and the loss of 180 days' interest. Transfers away from this account will also incur this penalty.

Why we like it…

The rate rise to this account has pushed it into the top 10 of its sector, something that will be noted by eager savers looking for a short-term home for their funds. The fact that it allows early access is also a bonus, although it does come at the expense of 180 days' loss of interest and the closure of the account.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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