Monmouthshire BS rewards savers with new ISA | Product News - Moneyfacts

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Monmouthshire BS rewards savers with new ISA

Monmouthshire BS rewards savers with new ISA

Category: ISAs
Date: 10/09/2014

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 It is now over 6 months old so the content may be out of date.

Monmouthshire Building Society has unveiled a new ISA for its customers, which boasts a market-leading rate for its sector.

The basics…

Members Loyalty ISA – Special Issue 13 offers an impressive savings rate of 2.90% per annum (2.80% monthly) until 30.09.18.

The finer details…

The account can be opened in branch with a minimum investment of £1,000. It can then be operated online, in branch or by post.

Investors can make further additions into the ISA until 31.10.14, which lends this account some flexibility. Transfers in are not allowed, unless the transfer is from an existing Monmouthshire BS cash ISA.

This ISA benefits from allowing early access, although this is subject to a penalty of 365 days' loss of interest. Transfers out of the account incur the same penalty.

The ISA is only available to those who have been members of the building society since 19.08.14.

Why we like it…

For existing members of the building society, this ISA offering is likely to prove very attractive. It offers a market-leading rate and it also allows early access to funds, although this triggers quite a hefty penalty. However, for those hungry to invest, this ISA is bound to be an eye-catching offer.

Four Moneyfacts stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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