No notice ISA remains top | Product News - Moneyfacts

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No notice ISA remains top

No notice ISA remains top

Category: ISAs
Date: 01/10/2015

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 It is now over 6 months old so the content may be out of date.

Virgin Money has increased the rate paid on its no notice ISA by 0.05%, enabling it to maintain its position in the Moneyfacts charts.

The basics…

Defined Access E-ISA Issue 3 now pays a variable rate of 1.56% yearly (1.55% monthly), a top rate for its terms.

The finer details…

This account must be opened and operated online with a minimum investment of just £1. Access is via a nominated account.

Further additions are welcome anytime and transfers in of existing cash and stocks & shares ISAs are also permitted. Transfers out are penalty-free and up to three withdrawals can be made per calendar year with no notice required. However, additional withdrawals will result in the interest rate being reduced to 0.75% for the remainder of the year, so savers must plan their withdrawals carefully in order to maintain their returns.

For those who prefer to manage their accounts offline, a branch, post and phone-operated version of this ISA is also available.

Why we like it…

The rate boost to this ISA has ensured that it remains at the top of its game, something that is sure to appeal to savers. It also offers a great deal of flexibility, with further additions, transfers in and transfers out all permitted without penalty or restriction. Savers will also find the absence of a notice period an appealing feature, making it a great choice for those who only need occasional access to their money.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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