Virgin increases ISA rates | Product News - Moneyfacts

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Virgin increases ISA rates

Virgin increases ISA rates

Category: ISAs
Date: 20/06/2014

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 It is now over 6 months old so the content may be out of date.

Virgin Money has increased rates on its fixed rate ISAs with several products heading into the Moneyfacts best buys.

The basics…

The two-year ISA now pays a market-leading 2.10%, the three-year pays 2.25% and the five-year option pays 2.75%, all on a minimum investment of just £1. All offer a slightly reduced monthly rate for those that may want to supplement their income.

The finer details…

All three ISAs must be opened and operated online and they allow further additions for up to 30 days after opening, as well as being able to top up to the new £15,000 allowance during July.

All accounts permit withdrawals and earlier access but each will charge a penalty increasing with the term of 90, 120 and 180 days loss of interest.

Why we like them…

This range of ISAs offer competitive rates of interest and give the saver the option to decide how long they would like to lock their money away for.

Four Moneyfacts Stars have been awarded.

What next?

Find the best savings rates.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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