Two-year ISA secures chart place | Product News - Moneyfacts

Product News

Two-year ISA secures chart place

Two-year ISA secures chart place

Category: ISAs
Date: 09/02/2016

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 It is now over 6 months old so the content may be out of date.

TSB has increased the rate on its two-year ISA by an impressive 0.30%, seeing it soar into the Moneyfacts charts as a result.

The basics…

Two Year Fixed Rate Cash ISA now pays a competitive 1.80% yearly, a top-10 rate for its terms, from a minimum investment of £3,000.

The finer details…

This ISA can be opened online, by phone or in branch, and can be managed in the same ways as well as by mobile app.

Transfers in of previous year's ISAs are welcome, as are further additions, an unusual feature in the fixed market. Even more unusual is the fact that withdrawals are also permitted, subject to 180 days' loss of interest, the same penalty as applies to transfers away from the account.

Why we like it…

The rate boost to this ISA has seen it take a comfortable position among its peers, while the level of flexibility ensures that it becomes even more of a competitor: the fact that it allows transfers in and further additions will be seen as a definite plus, as will the chance to access funds early, albeit subject to an interest penalty.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close