5-yr fixed ISA moves up the charts | Product News - Moneyfacts

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5-yr fixed ISA moves up the charts

5-yr fixed ISA moves up the charts

Category: ISAs
Date: 04/06/2015

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 It is now over 6 months old so the content may be out of date.

Skipton Building Society has amended its range of fixed savings products by up to 0.22%. One of the deals to benefit was its five-year fixed ISA, which has solidified its place in the Moneyfacts charts as a result.

The basics…

5 Year Fixed Rate ISA now pays 2.30% yearly (2.28% monthly), which allows it to move further up the top 10 for its sector.

The finer details…

This account can be opened and operated in branch, by post and online with a minimum deposit of £500.

Further additions and transfers in are welcomed while the issue remains open, and it is also possible to access funds early. However, this will result in closure of the account and the loss of 365 days' interest, a penalty that will also apply to transfers away.

Why we like it…

The movement of this account into the charts is something that is bound to be noticed by savers on the hunt for a competitive five-year ISA. The flexible options of monthly interest, further additions and early access make this deal an appealing choice, although savers must be aware that making a withdrawal before maturity will lead to closure of the account and a hefty interest penalty.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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