2-yr fixed ISA keeps chart place | Product News - Moneyfacts

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2-yr fixed ISA keeps chart place

2-yr fixed ISA keeps chart place

Category: ISAs
Date: 19/05/2015

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 It is now over 6 months old so the content may be out of date.

Julian Hodge Bank has made a slight rate reduction of 0.05% to its two-year fixed ISA, but despite this, it has retained a competitive top-10 position in the Moneyfacts charts.

The basics…

2 Year Fixed ISA now pays a yearly rate of 1.80%, allowing it to preserve its place among the top 10 accounts of its sector. Savers should note that interest must be compounded.

The finer details…

This account can be opened in branch or by post but then becomes postal-operated. An initial deposit of at least £5,000 is required.

Although further additions are not permitted once the account is open, it is possible to transfer in existing ISAs, provided at least £5,000 is transferred. Early access is also allowed subject to closure of the account and a penalty. This also applies to transfers away.

Why we like it…

This account may have received a small rate decrease, but it still holds its own in the Moneyfacts charts. Savers are likely to welcome the flexibility of transferring in other cash and stocks & shares ISAs as well as the option to access funds prior to maturity. However, they must bear in mind that making a withdrawal will lead to closure of the account and a 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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