New 4yr ISA enters top-3 | Product News | moneyfacts.co.uk

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New 4yr ISA enters top-3

New 4yr ISA enters top-3

Category: ISAs
Date: 19/06/2017

Clydesdale Bank has launched a new four-year fixed rate cash ISA, which has entered the top-three of the Best Buy chart for its sector, earning a high Moneyfacts rating in the process.

The basics…

The Cash ISA - Fixed Rate Bond (Issue 40) boasts the joint market-leading fixed rate of 1.80% to 30.07.2021, paid yearly, whereby interest must be compounded.

An account with the same features is also available from Yorkshire Bank.

The finer details…

This branch-exclusive account requires a minimum investment of £2,000. It permits transfers in from cash and stocks & shares ISAs, but additions are not allowed. Earlier access is permitted on closure and the loss of a certain amount of interest, which will be dependent on time to maturity (1-91 days until maturity: 45 days' loss of interest, 92-181 days: 90 days' loss, 182-273: 135, and anything above that: 180 days' loss), while transfers out will result in a uniform 180-day loss of interest penalty.

Why we like it…

This deal's joint market-leading rate has made it more than competitive enough to earn its high place in the Best Buys, as well as its high rating.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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