Rate boost pushes ISA into charts | Product News - Moneyfacts

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Rate boost pushes ISA into charts

Rate boost pushes ISA into charts

Category: ISAs
Date: 09/04/2015

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 It is now over 6 months old so the content may be out of date.

West Brom Building Society has increased the rate of its variable ISA by up to 0.15%, pushing it into the Moneyfacts charts and earning a top-five place.

The basics…

WeBSaveR Limited Access ISA now pays a competitive variable rate of 1.55% yearly, earning it a position among the top 10 accounts of its sector.

The finer details…

This account must be opened and operated online with an initial deposit of at least £1,000.

Additions and transfers in of existing ISAs are welcome and no notice is required for withdrawals. However, the number of withdrawals is limited to three per account year, with subsequent access resulting in a reduced rate of 0.75% being paid for the remainder of the year. Transfers out, on the other hand, can be made penalty-free.

Why we like it…

For savers on the hunt for a competitive ISA with easy access flexibility, this deal could be an appealing choice. Not only do withdrawals require no notice, but further additions and transfers in are also welcomed, making this account a highly attractive option. However, savers must remember to plan their withdrawals, as exceeding the limit will result in a hefty interest cut.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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