Julian Hodge Bank have reviewed their fixed rate accounts and reduced rates by 0.10%. However, the five-year cash ISA has held onto its place within the top 10.
Capital Millennium Bond is a five-year fixed account that now pays 2.75% yearly (2.72% monthly). Meanwhile, 5 Year Fixed ISA is now also paying a yearly rate of 2.75%.
The five-year bond requires investors to deposit a minimum of £1,000 into the account. Withdrawals are not allowed, but further additions can be made while the issue is still open.
The cash ISA needs an investment of at least £5,000. Transfers in from cash and stocks & shares ISAs are welcome as part of the initial deposit, but withdrawals and further additions are not permitted. Early access is only available upon closure of the account, which is subject to a penalty. For this reason, investors must be happy with the term and their investment.
Both accounts can be opened in branch or by post, and then managed by post only.
Despite the reductions, the five-year cash ISA still holds fast to its position in the top 10 of the Moneyfacts charts. The ability to transfer money in from other ISAs is appealing, and there is an option for early access, although this would trigger a penalty.
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 Any products featured may be withdrawn by their provider or changed at any time.
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