Julian Hodge Bank has increased the rates of selected savings accounts by up to 0.15%. One of the deals to benefit was its one-year fixed rate ISA, which has subsequently improved its position in the Moneyfacts charts to sit just behind the market-leader of its sector.
1 Year Fixed ISA now pays 1.80% yearly, enabling it to move up the charts and secure a comfortable position.
This account can be opened and operated in branch, by post or by phone with a minimum investment of £5,000.
Further additions are not permitted but it is possible to transfer in existing cash and stocks & shares ISAs, provided they are of at least £5,000. It is also possible to close the account early, although this will result in a penalty. A penalty fee will also apply to any transfers away from the account.
This ISA's new position just behind the leader of its sector is sure to make savers sit up and take notice. Alongside its competitive rate, it also allows transfers in and the possibility of early closure, both of which give added flexibility. However, savers must bear in mind that accessing their funds prior to maturity will result in a penalty.
Moneyfacts rating: Excellent
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