Shawbrook Bank has reduced selected rates across its savings range, but despite this, its one-year ISA maintains its position within the Moneyfacts charts thanks to its ongoing competitiveness.
1 Year Fixed Rate Cash ISA Bond Issue 13 now pays a fixed rate of 1.50% yearly (1.49% monthly), which is still a top-10 rate despite receiving a reduction of 0.15%.
This internet-operated account requires a minimum investment of £5,000, after which further additions can be made while the issue remains open. Transfers in of previous years' ISAs are welcome, and withdrawals are also permitted, albeit subject to the loss of 90 days' interest.
Shawbrook Bank's latest review may have slightly reduced the returns on offer from this ISA, but it still maintains a solid position in the charts. Not only does it pay a top-10 rate among its peers, but the chance to make further additions and access money early will be seen as a plus, offering added flexibility in a usually restrictive sector.
Moneyfacts rating: Excellent
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