Clydesdale Bank has reviewed its ISA range and launched a new two-year option which goes straight into the Moneyfacts best buys.
Cash ISA – Fixed Rate Bond (Issue 24) pays 2.00% yearly until 31.5.16 on a minimum investment of £2,000.
This account is also available through Yorkshire Bank and can only be opened and operated in branch.
Further additions are allowed whilst the issue remains open, however only one payment is allowed per tax year and this includes the initial deposit, but customers will be allowed to top up to the new ISA allowance of £15,000 between 1 – 31 July.
Withdrawals are not allowed but earlier access is, subject to closure of the account and an interest penalty, the amount depending on the days left to maturity (up to 180 days loss of interest, minimum £30).
Paying a competitive rate of interest and with earlier access permitted, albeit with a penalty, this is a competitive account for those with the right amount to invest.
Four Moneyfacts Stars have been awarded.
Compare the best fixed rate ISA using our best buy charts
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 Any products featured may be withdrawn by their provider or changed at any time.
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