5-yr fixed ISA holds onto its chart spot | Product News - Moneyfacts

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5-yr fixed ISA holds onto its chart spot

5-yr fixed ISA holds onto its chart spot

Category: ISAs
Date: 14/10/2015

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 It is now over 6 months old so the content may be out of date.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 reduced the rate paid on its five-year fixed ISA, but despite this decrease, it has retained its prized place on the Moneyfacts charts.

The basics…

5 Year Fixed Rate Cash ISA now pays 2.50% yearly, a rate that allows it to remain in a comfortable position among the top 10 accounts of its sector.

The finer details…

This account can be opened and operated in branch, by post and by phone with a minimum investment of £5,000.

Although further additions are not allowed, it is possible to transfer in existing ISA savings, provided they are of at least £5,000. Withdrawals are also not permitted, although savers do have the option of accessing funds early upon closure of the account and the payment of a penalty. A penalty charge will also apply to transfers away.

Why we like it…

This ISA may have had a slight rate reduction, but this hasn't dented its overall competitiveness, enabling it to retain a prominent place on the charts. Savers looking for a competitive fixed rate ISA are therefore still likely to view it with interest, particularly because there is the option to access funds early, albeit upon closure of the account and a penalty charge.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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