Shawbrook Bank has increased selected rates by up to 0.15%, which sees its two-year ISA receive a high Moneyfacts rating and the five-year option strengthen its status as a Best Buy, while also earning a high rating.
The 2 Year Fixed Rate Cash ISA Bond Issue 17 now boasts a rate of 1.10%, paid on its anniversary, while the five-year option (Issue 6) pays 1.60%.
Versions of the accounts that pay slightly reduced rates of interest on a monthly basis are also available.
These accounts require a minimum initial investment of £5,000. Additions are allowed while the respective issue remains open, while transfers in from cash or stock and shares ISAs are permitted on account opening only. Earlier access in the form of withdrawals or transfers out is permitted on the loss of 180 or 360 days' interest respectively for the two and five-year deals. The accounts must be opened online, but can then also be managed over the phone.
The competitive rates on these accounts are enough to earn them their high rating, as well as for the five-year ISA a place in the Best Buys.
Moneyfacts rating: Excellent
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