Coventry Building Society has made its presence known in the Moneyfacts charts with its new two-year fixed rate ISA, which has secured a market-leading position thanks to its highly competitive rate and terms.
The two-year Fixed Rate ISA (31) pays a market-leading rate of 2.05% yearly until 30.11.17, enabling it to steal the top spot in the charts.
This account can be opened and operated in branch, by post, by phone and online with a minimum investment of just £1.
Further additions and transfers in can be made while the issue remains open or for 14 days after account opening, whichever is longer. Savers will also be pleased to note that it is possible to access funds early upon closure of the account and the loss of 120 days' interest, the same penalty as applies to transfers out.
This deal has shot straight to the top of the charts thanks to its highly attractive rate, a move that is bound to be noticed by eager savers. The fact that it also has a welcome degree of flexibility enhances its appeal further, as savers will have the opportunity to add funds and access their savings early, albeit upon closure of the account and a significant interest penalty.
Moneyfacts rating: Excellent
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