United Bank UK has reduced the rates paid on its fixed ISAs by up to 0.50%; however, its five-year deal has managed to maintain its position in the charts thanks to its continued appeal.
5 Year Fixed Rate Cash ISA now pays a competitive rate of 1.70% yearly (1.69% monthly/quarterly or 1.76% on maturity), which enables it to continue to sit proudly among the top 10 accounts of its sector.
This account can be opened and operated in branch and by post with an initial investment of at least £2,000.
Savers are not able to make further additions but they can transfer in existing cash ISA savings. Early access is also permitted on the loss of 365 days' interest, the same penalty as will apply to transfers away from this account.
This deal remains among the top 10 of its sector and still pays a competitive rate of interest. As a result, savers who are looking for a long-term home for their money are likely to find this an appealing choice, especially as it also offers a myriad of interest payment options.
Moneyfacts rating: Excellent
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