Variable ISA keeps its chart spot | Product News - Moneyfacts

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Variable ISA keeps its chart spot

Variable ISA keeps its chart spot

Category: ISAs
Date: 07/07/2015

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 It is now over 6 months old so the content may be out of date.

Dudley Building Society has reduced the rate of selected ISAs, but its variable rate notice deal has managed to maintain a competitive place on the Moneyfacts charts.

The basics…

Cash ISA 30 Issue 2 now pays a variable rate of 1.45% yearly, allowing it to retain its place in the top 10.

The finer details…

This account can be opened and operated in branch and by post with a minimum investment of £100. Savers should note that access must be via a nominated account.

Additional deposits can be made at any time and it is also possible to transfer in existing cash ISA savings. Unlimited withdrawals can be made penalty-free, provided a notice period of 30 days is observed. Early access is allowed, but this is subject to a penalty of 30 days' interest, and transfers away from the account can also be made on 30 days' notice or loss.

Why we like it…

This deal may have had a rate reduction but it's still a competitive deal. The fact that it is also highly flexible is likely to keep it in savers' affections, particularly as unlimited withdrawals and additions can be made. However, savers must always bear in mind the 30-day notice period, as failing to provide notice before making a withdrawal will result in a 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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