Virgin Money has launched a new one-year fixed rate cash ISA which has entered the Best Buy chart for its sector, earning a high Moneyfacts rating in the process.
The Fixed Rate Cash E-ISA Issue 237 boasts a fixed rate of 1.05% to 24.5.2018, paid yearly. A monthly version is also available for those looking to supplement their income.
The account requires a minimum investment of just £1. It allows transfers in from cash and stocks & shares ISAs, while additions are permitted for up to 30 days from account opening. Earlier access is permitted on the loss of 60 days' interest, with the same penalty applying to transfers out. This account is online-only, though an alternative version is available which can be operated in branch and by post.
This deal is competitive enough to earn a place in the Best Buys, offering some welcome flexibility as well as an attractive rate, winning it a high rating in the process.
Moneyfacts rating: Excellent
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