Holmesdale Building Society has launched a range of new ISAs onto the market in celebration of its 160th anniversary, with its one-year deal securing a comfortable spot in the charts.
Holmesdale's 160th Anniversary Cash ISA pays 1.75% on maturity, seeing it sit just below the market leader of its sector.
The account can be opened by post or branch before being managed in the same way, as well as online. It requires a minimum investment of £500 (must be new money to the society) and accepts transfers in of previous ISA pots, and further additions are even permitted for 30 days after account opening.
As is common in the fixed market, no earlier access is permitted, and transfers away from the account will incur a 90-day loss of interest penalty. Savers should note that access is via a nominated current account.
A version of the account for existing members of the building society is also available, with 160th Anniversary Cash ISA Loyalty paying a higher rate of 1.80%.
This brand new launch has taken the market by storm: Holmesdale's standard ISA pays a rate that easily rivals others in the market while loyal customers can benefit even more, and the flexibility of further additions and transfers in adds yet more advantage to secure this account an "excellent" rating.
Moneyfacts rating: Excellent
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