2-yr ISA stays at the top of the charts | Product News - Moneyfacts

Product News

2-yr ISA stays at the top of the charts

2-yr ISA stays at the top of the charts

Category: ISAs
Date: 22/03/2016

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 It is now over 6 months old so the content may be out of date.

Kent Reliance has reduced the rates paid on selected savings accounts by up to 0.20%; however, its two-year fixed ISA has still managed to maintain its hold on the top spot thanks to its eye-catching rate and terms.

The basics…

Two Year Fixed Rate Cash ISA Issue 19 now pays a joint market-leading rate of 1.65% yearly (1.64% monthly), enabling it to sit at the top of its sector.

The finer details…

This account can be opened in branch, by post and online and then operated in the same way as well as by phone. An initial investment of at least £1,000 is required.

In an unusual move, further additions are allowed at any time, while transfers in are also accepted provided they are made within 30 days of opening an account. It is also possible to access funds early on the loss of 180 days' interest, the same penalty as applies to transfers away.

Why we like it…

The rate reduction on this deal has done little to dent its competitiveness and it continues to hold a place at the very top of the charts. The fact that it also allows restriction-free further additions and access to funds (albeit upon payment of a penalty) further enhances its overall appeal and ensures that it will continue to be popular among savers.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close