Chelsea Building Society has launched a three-year fixed rate ISA onto the market, securing it a position on the Moneyfacts charts thanks to its appealing rate and terms.
The three-year version of Fixed Rate e-ISA pays a joint market-leading rate in its sector of 2.30% yearly until 31.12.18.
This internet-operated account requires a minimum deposit of £100. The first interest payment will be made on 31.12.16.
Savers can make additional deposits while the issue remains open and transfers in of cash and stocks & shares ISAs are also permitted. Early access is possible, but it will result in closure of the account and the loss of 180 days' interest, the same penalty as applies to transfers out.
For those who would prefer to manage their account offline, a branch and postal-operated version paying the same rate is also available. Savers can also apply through Barnsley Building Society.
This deal has shot straight into the charts thanks to its market-leading rate. Savers will also be pleased by the fact that it allows transfers in and additional deposits, as well as giving the option to close the account early should the need arise.
Moneyfacts rating: Excellent
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