Coventry Building Society has reduced the rate paid on its two-year fixed ISA; however, this has not dented its competitiveness and it continues to hold a coveted place in the Moneyfacts charts as a result.
The two-year version of Fixed Rate ISA (35) now pays an attractive rate of 1.50% yearly until 31.5.8, enabling it to maintain a place among the top 10 accounts of its sector.
This account can be opened and operated in branch, by post, by phone and online. A minimum investment of just £1 is required.
Further additions and transfers in are welcomed for up to 14 days after an account has opened, or until 19 April 2016 or closure of the issue, whichever is longer. It is also possible to access funds early, albeit upon closure of the account and the loss of 120 days' interest, the same penalty as applies to transfers away.
This account remains an attractive offering in the market thanks to its top-10 rate and the fact that it allows both further additions and transfers in. Savers will also appreciate the option to access funds early, although they must weigh up the penalties for doing so.
Moneyfacts rating: Excellent
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