Fixed ISAs hold on tight in the charts | Product News - Moneyfacts

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Fixed ISAs hold on tight in the charts

Fixed ISAs hold on tight in the charts

Category: ISAs
Date: 13/04/2016

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 It is now over 6 months old so the content may be out of date.

Aldermore has reduced the rates paid on select savings accounts by up to 0.25%, but despite this, its one and two-year fixed ISAs have maintained their coveted places on the Moneyfacts charts thanks to their continued appeal.

The basics…

1 Year Fixed Rate Cash ISA now pays a still-competitive rate of 1.35% yearly (1.34% monthly), while its two-year counterpart pays an appealing yearly rate of 1.50% yearly (1.49% monthly), enabling both to remain among the top 10 accounts of their respective sectors.

The finer details…

These accounts can be opened and operated in post, by phone and online with an initial investment of at least £1,000.

Savers are welcome to make further additions within 20 business days from the date of application and transfers in are also accepted, provided the transfer forms are submitted within 10 working days. It is also possible to access funds prior to maturity, although this will result in the loss of 120 days' interest for the one-year ISA and 180 days' interest for the two-year variant.

Why we like them…

The rate reduction to these ISAs has not set them back in any way and they continue to maintain eye-catching places in the charts. Savers looking for a regular income will be pleased by the monthly interest option while all eager investors will welcome the ability to transfer in existing funds and, if necessary, access funds early.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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