Top-10 place held by 5-yr fixed ISA | Product News - Moneyfacts

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Top-10 place held by 5-yr fixed ISA

Top-10 place held by 5-yr fixed ISA

Category: ISAs
Date: 29/02/2016

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 It is now over 6 months old so the content may be out of date.

Principality Building Society has reduced the rates paid on select savings accounts; however, its five-year ISA has refused to budge from the charts and has retained its place thanks to its ongoing competitiveness.

The basics…

5 Year Fixed Rate Cash ISA Issue 148 now pays 2.00% yearly, a competitive rate that allows it to remain among the top 10 accounts of its sector.

The finer details…

This account can be opened and operated in branch, by post and online with a minimum investment of £500.

Savers are welcome to make further additions while the issue remains open as well as transfer in existing cash and stocks & shares ISAs. It is also possible to access funds early upon closure of the account and the loss of 360 days' interest, the same penalty as applies to transfers away.

Why we like it…

This account has proved its staying power by remaining in the charts despite receiving a rate reduction. Savers who are looking for a long-term home for their money are likely to find this deal appealing thanks to its competitive rate and the option to make further additions and transfer in existing ISA savings. The fact that this deal also has the flexibility to access funds prior to maturity, albeit upon closure and a loss of interest, adds to its attractive qualities.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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