Chart-topping ISAs from Virgin Money | Product News - Moneyfacts

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Chart-topping ISAs from Virgin Money

Chart-topping ISAs from Virgin Money

Category: ISAs
Date: 07/11/2013

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 It is now over 6 months old so the content may be out of date.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 increased rates across its fixed bond and cash ISA range by up to 0.25%!

The basics…

The stand-out products are Virgin Money's one, three and five-year cash ISAs, which all pay the top rates for their respective terms.

The one-year Fixed Rate Cash E-ISA (issue 57) now pays 1.91% yearly, the three-year (issue 58) pays 2.40% yearly and the five-year (issue 59) pays 3.00% yearly.

Savers will only need to invest £1 to start benefiting from these market-leading rates.

The finer details…

All accounts allow further additions and, unusually for fixed rate ISAs, also allow early access to funds. However, this will mean savers will be charged an interest rate penalty depending on the term of the ISA.

For the one-year, you'll lose 60 days' interest, for the three-year 120 days' interest and for the five-year 180 days' interest.

These ISAs allow transfers in of previous ISA savings.

Why we like them…

This review from Virgin Money sees rates increase across its fixed rate bond and ISA range. Whilst all deals have improved their positions in the Moneyfacts Best Buys, the ISAs fare best, now paying chart-topping rates for their respective terms.

Four Moneyfacts Stars are well deserved.

What Next?


Find a home for your 2013-14 cash ISA allowance

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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