Shawbrook Bank has reduced the rates paid on some of its savings accounts, but its two-year fixed rate ISA has kept its coveted place on the Moneyfacts charts thanks to its competitive rate and terms.
2 Year Fixed Rate Cash ISA Bond Issue 10 now pays 1.85% yearly (1.83% monthly), a top 10 rate for its term.
This account must be opened and operated online with an initial investment of £5,000.
Further additions are welcome and transfers in are also accepted upon account opening. It is also possible to access funds early on the loss of 180 days' interest, the same penalty as applies to transfers away.
Savers who are looking for a competitive home for their savings are likely to be attracted to this deal – not only does it still pay a top 10 rate for its sector, but it also gives savers the opportunity to add to funds with transfers in and further additions both allowed. It will also appeal to those looking to secure a regular income thanks to its monthly interest option.
Moneyfacts rating: Excellent
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