Principality Building Society has increased selected fixed ISA rates by up to 0.20%, enabling its two and five-year deals to move into the Moneyfacts charts.
2 Year Fixed Rate Cash ISA Issue 141 now pays 2.00% yearly while its five-year counterpart (Issue 143) pays 2.50%, allowing both to sit comfortably among the top 10 accounts of their respective sectors.
These accounts can be opened and operated in branch, by post and online with a minimum investment of £500.
Further additions can be made while the issues remain open and transfers in of existing cash and stocks & shares ISAs can also be made. Withdrawals are not permitted but it is possible to close the accounts early upon the loss of 180 days' interest for the two-year ISA and 360 days' interest for the five-year version. These penalties also apply to transfers away.
The rate rises to these two ISAs have boosted their competitiveness and allowed them to slide into the charts, something that is sure to please savers. Their flexibility is also impressive: not only do these ISAs allow further additions and transfers in, but they also permit early access, although this will result in closure of the accounts and a loss of interest.
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 Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.