Principality Building Society has reduced the rates paid on selected fixed rate deals, but despite this, its five-year fixed rate ISA has kept a firm grip on the Moneyfacts charts.
5 Year Fixed Rate Cash ISA Issue 146 now pays 2.20% yearly, enabling it to maintain a comfortable place among its peers.
This account can be opened and operated online, in branch and by post with a minimum investment of £500.
Savers are welcome to make additional deposits while the issue remains open and transfers in of existing cash and stocks & shares ISAs are also permitted. It is also possible to access funds early by closing the account and losing 360 days' interest, the same penalty as applies to transfers away.
Savers on the lookout for a competitive fixed rate ISA are likely to view this deal with interest thanks to its attractive rate and its flexibility: unusually in the fixed rate sector, this account permits early access to funds, albeit upon closure and the loss of 360 days' interest, which gives savers an extra degree of control over their invested funds.
Moneyfacts rating: Excellent
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