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.
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.
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.
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
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