Virgin Money has reissued its fixed rate ISAs, and as a result, its one and five-year deals have maintained their hold on the Moneyfacts charts.
The one-year version of Fixed Rate Cash E-ISA Issue 160 pays a yearly rate of 1.65% (1.64% monthly) until 24.2.17, which allows it to sit just behind its sector's current market-leader, while the five-year version (Issue 159) pays a competitive rate of 2.35% yearly (2.33% monthly) until 24.2.21, enabling it to retain its place among the top 10.
These accounts must be opened and operated online with a minimum investment of just £1.
Savers can make additional deposits for up to 30 days after an account has been opened and transfers in of cash and stocks & shares ISAs are also welcome. Unusually, it is also possible to access funds early, although this will result in the loss of 60 days' interest for the one-year ISA and 180 days' interest for the five-year variant. Transfers away will incur the same penalties.
For those who would prefer to manage their accounts offline, branch and postal-operated versions paying the same rates are also available.
Thanks to their continued competitiveness, both of these ISAs have maintained their presence in their respective sectors. The one-year ISA is particularly competitive, sitting just behind the current market-leader, something that is bound to catch the eye of savers. The fact that both deals also offer monthly interest rates will appeal to those who are looking to secure a regular income.
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 Any products featured may be withdrawn by their provider or changed at any time.
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