18-month ISA claims a chart place | Product News - Moneyfacts

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18-month ISA claims a chart place

18-month ISA claims a chart place

Category: ISAs
Date: 06/06/2016

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 It is now over 6 months old so the content may be out of date.

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.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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