Cash ISA retains top spot with 0.20% increase | Product News - Moneyfacts

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Cash ISA retains top spot with 0.20% increase

Cash ISA retains top spot with 0.20% increase

Category: ISAs
Date: 02/02/2015

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 It is now over 6 months old so the content may be out of date.

Al Rayan Bank has increased the rate on its notice cash ISA by 0.20%, ensuring it retains its position at the top of the Moneyfacts charts with the highest rating possible.

The basics…

Notice Cash ISA pays a market-leading indicative profit rate of 2.00% monthly, based on a minimum investment of £250.

The finer details…

This account can be opened and operated via all channels and comes without any opening restrictions. Further additions are permitted, as are transfers in of previous cash and stocks & shares ISAs, and withdrawals are welcomed provided 120 days' notice is given. Like many notice accounts, early access isn't allowed, so savers must be prepared to give the required notice period.

Why we like it…

This impressive rate increase confirms the account's position as a market leader, increasing the gap between its competitors to make it a truly outstanding product. The fact that it pays interest monthly will add to the appeal, particularly for savers seeking a supplement to their income.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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