TSB has reduced the rate paid on its two-year fixed ISA by 0.20%, but despite this, it has retained its chart place thanks to its continued appeal.
Two Year Fixed Rate Cash ISA now pays 1.60% yearly, enabling it to sit comfortably among the top 10 accounts of its sector.
This account can be opened and operated in branch, by phone, online and via app. An initial investment of at least £3,000 is required.
This account is unusual in the fixed market as not only does it allow transfers in of existing ISAs, but it also permits unlimited further additions. Savers are also able to access funds prior to maturity upon the loss of 180 days' interest, the same penalty as applies to transfers away.
Savers hunting for a good home for their hard-earned savings are likely to look upon this deal with favour: not only does it still boast a competitive rate, but it also allows the savings pot to be topped up with further additions. Savers can also access their money early, albeit upon payment of a penalty, which further adds to this account's appeal.
Moneyfacts rating: Excellent
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