5-yr ISA stays competitive in the charts | Product News - Moneyfacts

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5-yr ISA stays competitive in the charts

5-yr ISA stays competitive in the charts

Category: ISAs
Date: 08/10/2015

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 It is now over 6 months old so the content may be out of date.

Virgin Money has reviewed select savings accounts and re-issued its fixed rate ISAs, enabling its five-year deal to retain its chart position and earn an 'excellent' rating in the process.

The basics…

The five-year version of Fixed Rate Cash E-ISA Issue 143 pays 2.51% yearly (2.48% monthly), which means it sits just below the current market-leader of its sector.

The finer details…

This account must be opened and operated online with a minimum investment of just £1.

Additional deposits can be made for up to 30 days after the account has been opened and transfers in of existing ISAs are also accepted. Savers also have the option to access funds prior to maturity, although this will result in the loss of 180 days' interest, the same penalty as applies to transfers away.

For savers who prefer to manage their account offline, a branch and postal-operated version of this account is also available.

Why we like it…

This ISA sits just below its sector's market-leader, something that is bound to capture the interest of savers. Unusually for the fixed rate market, this deal also offers savers some welcome flexibility, with additions, transfers in and early access to funds all permitted, making this ISA a true all-rounder.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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