5-yr ISA holds onto top 10 | Product News - Moneyfacts

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5-yr ISA holds onto top 10

5-yr ISA holds onto top 10

Category: Savings
Date: 11/02/2015

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 It is now over 6 months old so the content may be out of date.

Julian Hodge Bank has reduced the rates of selected savings products but its five-year fixed rate ISA has kept up with its competitors and retained a position in the Moneyfacts charts.

The basics…

5 Year Fixed ISA now pays a yearly rate of 2.20%, which sees it sit comfortably among the top 10 of its sector. Savers should note that interest must be compounded.

The finer details…

This account can be opened in branch and by post, before becoming postal-operated. An initial investment of at least £5,000 is required.

While no additions are permitted, it is possible to transfer in existing cash and stocks & shares ISAs provided a minimum transfer of £5,000 is made. It is also possible to access funds early, although this is subject to closure of the account and an interest penalty. This penalty also applies to transfers out.

Why we like it…

Although this account has had a slight rate decrease, it is still a top-10 competitor with an attractive interest rate. Savers are also likely to welcome the flexibilities that accompany this deal, although early access will trigger closure of the account and 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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