Yorkshire Bank has launched a brand new fixed rate ISA onto the market, with it easily securing a top 10 position in the Moneyfacts charts.
Cash ISA – Fixed Rate Bond Issue 26 pays 1.60% yearly to 30.10.15, based on a minimum investment of £2,000.
The account is also available through Clydesdale Bank.
This branch-based account allows transfers in of both cash and stocks & shares ISAs, however further deposits won't be allowed. Withdrawals also won't be permitted but transfers out and early access will be, subject to closure of the account and up to 180 days' loss of interest depending on the days left to maturity (minimum penalty of £30).
By extending its range of fixed rate ISAs, Yorkshire Bank confirms its position as a leading player in the short-term savings market. The account's top 10 rate and ability to allow transfers will be a plus for many investors, while the flexibility of being able to access funds should the need arise will add to the appeal.
Four Moneyfacts Stars have been awarded.
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 Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.