18-month ISA heads into the charts | Product News - Moneyfacts

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18-month ISA heads into the charts

18-month ISA heads into the charts

Category: ISAs
Date: 26/06/2015

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 It is now over 6 months old so the content may be out of date.

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.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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