Yorkshire Bank has re-introduced a competitive 18-month fixed rate cash ISA to the market, immediately securing it a chart place thanks to its attention-grabbing rate and terms.
Cash ISA - Fixed Rate Bond (Issue 36) pays an attractive yearly rate of 1.35% until 31.10.17, enabling it to take a comfortable position among the top 10 accounts of its sector.
This ISA can be opened in branch, by post or by phone, and then managed either in branch or by phone. It requires an initial investment of at least £2,000.
Savers are not able to make additional deposits but they can transfer in existing cash and stocks & shares ISAs. There is also an option to access funds prior to maturity, although this will result in the loss of up to 180 days' interest being lost, depending on the time left to maturity. These tiered penalties will also apply to transfers away.
This ISA is also available through Clydesdale Bank.
Paying a top-10 rate and also boasting the option to access funds early, it's unsurprising that this ISA has been able to claim a chart space as its own. Savers who are looking for a competitive account in which to house their savings will certainly welcome the deal, and as a result, it truly merits its 'excellent' rating.
Moneyfacts rating: Excellent
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