4 & 5-yr ISAs get a rate boost | Product News - Moneyfacts

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4 & 5-yr ISAs get a rate boost

4 & 5-yr ISAs get a rate boost

Category: ISAs
Date: 06/07/2015

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 It is now over 6 months old so the content may be out of date.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 increased the rate of its four and five-year ISAs by 0.15%, enabling both to maintain coveted places in the Moneyfacts charts.

The basics…

4 Year Fixed ISA now pays a market-leading rate of 2.15% yearly, the top rate for its term, while the five-year version pays 2.40% yearly, which enables it to sit just below the current leaders of its sector.

The finer details…

Both of these accounts can be opened in branch and by post with a minimum investment of £5,000. They must then be managed by post.

Although further additions are not permitted, it is possible to transfer in existing ISAs (minimum £5,000). Early access is also allowed, although this will result in the closure of the account and a penalty, which will also apply to transfers out.

Why we like them…

The rate rise to these ISAs has enabled them to shore up their positions on the charts, with the four-year variant proving to be particularly competitive. The option to transfer in existing savings and access funds early, albeit with a penalty, means that these deals will appeal to those who are looking for a great rate with some added flexibility.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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