5-yr ISA keeps its hold on the top 10 | Product News - Moneyfacts

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5-yr ISA keeps its hold on the top 10

5-yr ISA keeps its hold on the top 10

Category: ISAs
Date: 04/12/2015

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 It is now over 6 months old so the content may be out of date.

Virgin Money has reduced the rate paid on its five-year fixed rate ISA by 0.16%, but despite this, it has kept its place on the Moneyfacts charts thanks to its continuing competitiveness.

The basics…

The five-year version of Fixed Rate Cash E-ISA Issue 152 now pays 2.35% yearly (2.33% monthly), a top 10 rate for its sector.

The finer details…

This internet-operated account requires a minimum investment of just £1.

Additional deposits can be made for up to 30 days after account opening while transfers in of both cash and stocks & share ISAs are welcomed. It is also possible to access funds prior to maturity, although this will result in the loss of 180 days' interest, the same penalty as will apply to transfers away.

For those who would prefer to manage their account offline, a branch and postal-operated version paying the same rate is also available.

Why we like it…

Internet investors are likely to continue showing interest in this deal thanks to its still-competitive rate and relative flexibility: both additions and transfers in are accepted and savers also have the opportunity to access funds early if needed. Those looking to secure a regular income are also likely to welcome the monthly interest option.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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