Fixed cash ISAs get a rate hike | Product News - Moneyfacts

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Fixed cash ISAs get a rate hike

Fixed cash ISAs get a rate hike

Category: ISAs
Date: 11/05/2016

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 It is now over 6 months old so the content may be out of date.

Britannia has given its fixed ISAs a rate boost of up to 0.10%, securing its one and two-year deals eye-catching places on the charts.

The basics…

Fixed Rate Cash ISA 31.7.17 now pays 1.40% yearly, which enables it to sit just below the current market-leader of its sector, while its two-year counterpart pays 1.50% yearly until 31.7.18 - the joint market-leading rate for its terms.

The finer details…

These accounts can be opened in branch, by phone and online with an initial investment of at least £5,000. It can then be managed either in branch or by post.

Savers are welcome to make additional deposits while the issues remain open, and transfers of pre-existing cash ISAs are accepted, too. There is also an option to access funds prior to maturity, although this will result in the loss of 180 days' interest for both accounts. Transfers away will incur the same penalty.

Why we like them…

By hiking up the rates paid on these two ISAs, both have moved into attention-grabbing places on the charts. Savers are likely to be attracted by the highly competitive rates and the fact that both accounts allow transfers in and early access to funds, although the latter does carry a hefty interest penalty.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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