ISA gets a rate boost | Product News - Moneyfacts

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ISA gets a rate boost

ISA gets a rate boost

Category: ISAs
Date: 25/01/2016

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 It is now over 6 months old so the content may be out of date.

Virgin Money has increased the rate paid on its no notice ISA by 0.10%, securing its position in the Moneyfacts charts.

The basics…

Defined Access E-ISA Issue 4 now pays a variable rate of 1.51% yearly (1.50% monthly), the top rate for a no notice ISA, ensuring that it sits comfortably among its peers.

The finer details…

This internet-operated account requires an initial investment of just £1, and permits further additions at will. Transfers in of previous years' ISAs are also welcome, as are withdrawals, but savers should note that only three will be allowed without penalty each year; any more than this will result in the rate being reduced to 0.75% for the remainder of the calendar year.

For those who would prefer to conduct their transactions offline, a non-internet version of the account is also available.

Why we like it…

Virgin Money's latest review ensures that its ISA takes a secure position in the charts. Not only does it pay a top rate among easy access ISAs, but it offers plenty of flexibility, which ensures that it'll be noticed by eager savers wanting the ideal combination of decent returns and accessibility.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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