Top-10 place secured for new 5-yr fixed ISA | Product News - Moneyfacts

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Top-10 place secured for new 5-yr fixed ISA

Top-10 place secured for new 5-yr fixed ISA

Category: ISAs
Date: 21/06/2016

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 It is now over 6 months old so the content may be out of date.

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 basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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