Shawbrook Bank has reduced the rate paid on its one-year fixed rate ISA by 0.30%, but despite this, it has maintained its place on the Moneyfacts charts thanks to its still-competitive rate and terms.
1 Year Fixed Rate Cash ISA Bond Issue 12 now pays a competitive rate of 1.65% on maturity (1.64% monthly), which allows it to remain among the top 10 accounts of its sector.
The finer details…
This account must be opened and operated online with an initial investment of at least £5,000.
Further additions are welcome while the issue remains open, and transfers in are also accepted upon the account opening. Early access to funds is possible, too, albeit upon the loss of 90 days' interest, the same penalty as applies to transfers away.
Why we like it…
This deal has held on to its place in the charts thanks to its continuingly attractive rate. Savers are also likely to welcome the option of receiving monthly interest as well as having the flexibility to make further additions and access funds early.
Moneyfacts rating: Excellent
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