Bank of Cyprus has amended rates on its range of fixed rate products. Despite this, their one- and two-year ISAs maintain their position in their respective charts, thanks to their still-competitive terms.
The one-year Fixed Rate Cash ISA now pays a rate of 1.20% while the two-year equivalent pays 1.25%; both are top-10 rates for their terms.
Both ISAs require a minimum investment of £500. Withdrawals are not allowed, but transfers in from other ISAs and further additions (minimum £100) are. It is possible to gain early access to the account or transfer out, on the loss of 180 days' interest and closure of the account. The account has to be opened online and can then be operated in the same way as well as in branch, by post or over the phone.
The ISAs remain competitive compared to other accounts with similar terms, and the fact that transfers in and further additions are allowed likely makes the accounts even more attractive to investors. As such, the ISAs maintain their standing and Moneyfacts rating.
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