Julian Hodge Bank has reduced the rates paid on its fixed rate ISAs, but its one, two and five-year deals have remained competitive and kept their chart places as a result.
1 Year Fixed ISA now pays a still-competitive rate of 1.45% yearly, while its two and five-year versions pay respective annual rates of 1.75% and 2.15%, enabling all three to maintain places among the top 10 of their respective sectors.
These accounts require an initial deposit of at least £5,000 and can be opened and operated in branch, by post and by phone.
Savers are not allowed to make additional deposits, but transfers in from existing cash and stocks & shares ISAs are permitted. It is also possible to access funds early, although this will result in closure of an account and the payment of a penalty. Transfers away will also result in a penalty fee.
These ISAs may have had their rates reduced but they still have a lot to offer savers: all three continue to boast top-10 rates for their respective sectors and they also have the additional flexibility of allowing transfers in. The possibility of early access is another selling point, although savers will have to weigh up the cost of closure and a penalty charge.
Moneyfacts rating: Excellent
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