West Brom Building Society has introduced a competitive 18-month fixed ISA to the market, earning it a well-deserved place on the Moneyfacts charts.
WeBSave 18 Month Fixed Rate ISA pays a competitive rate of 1.55% yearly until 31.1.16, allowing it to sit comfortably in the charts.
This account must be opened and operated online with a minimum investment of £1,000.
Although further additions are not permitted, it is possible to transfer in existing ISA savings. Unusually, it is also possible to access funds prior to maturity, although this will result in the loss of 90 days' interest. The same penalty will also apply to transfers away from the account.
This newcomer onto the scene is likely to catch savers' attention with its attractive rate and its option to access funds early. However, savers must bear in mind that although early access is possible, it does carry a fairly hefty penalty.
Moneyfacts rating: Excellent
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