Clydesdale Bank has launched a new two-year fixed ISA onto the market and earned an 'excellent' rating as a result of its appealing terms.
Cash ISA – Fixed Rate Bond (Issue 35) pays a competitive yearly rate of 1.50% until 31.5.18.
This account must be opened and operated in branch with a minimum deposit of £2,000. Transfers in of other ISAs are accepted, but further additions are not allowed. However, it is possible to access funds prior to maturity upon closure of the account and the loss of up to 180 days' interest, which is dependent on the time remaining to maturity. Transfers away from this account will also incur these penalties.
This account is also available through branches of Yorkshire Bank.
Savers on the lookout for a competitive two-year fixed ISA are likely to pay a great deal of attention to this account thanks to its attractive rate. The ability to access funds early is an added bonus, although savers will need to weigh up this advantage with the loss of interest penalty.
Moneyfacts rating: Excellent
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