Coventry Building Society has increased the rate of its five-year fixed ISA by 0.10%, enabling it to take a place just behind the current market-leader of its sector.
The five-year version of Fixed Rate ISA (3) now pays 2.40% yearly until 31.5.20, allowing it to take a position near the very top of the Moneyfacts charts.
This account can be opened and operated online, by phone, by post and in branch with a minimum investment of just £1.
Further additions can be made at any time and transfers in of existing ISAs are also permitted during the first 14 days of the account opening or while the issue remains open, whichever is longer. It is also possible to access funds early, although this will result in closure of the account and the loss of 120 days' interest, the same penalty as applies for transfers out.
This ISA certainly boasts an attractive rate, something that is sure to make it stand out in the market. The fact that it is also highly flexible, allowing further additions, transfers in and even early access (albeit upon closure and an interest penalty) widens its appeal even further.
Moneyfacts rating: Excellent
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