Buckinghamshire Building Society has launched a new five-year fixed ISA onto the market, which has attained a place in the charts due to its eye-catching rate and terms.
The five-year Fixed Rate Cash ISA Issue 66 pays a top-10 rate of 1.75% yearly (1.74% monthly) until 30.6.21, enabling it to sit comfortably in the charts.
Savers can open and operate this account in branch and by post with an initial deposit of at least £100.
Further additions can be made while the issue remains open, but transfers in are not possible. Unusually, this account allows early access, although savers should be aware that making a withdrawal will result in closure of the account and a loss of interest that is equal to 50% of the term (max 365 days). Transfers away will also incur this penalty.
Savers looking for a long-term home for their ISA savings are likely to view this new deal with interest. Not only does it pay a competitive rate but it also offers savers a monthly interest option and the ability to access funds prior to maturity, albeit with an interest penalty. As a result, it fully deserves its chart position.
Moneyfacts rating: Excellent
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