5-yr ISA keeps its hold on top 5 place | Product News - Moneyfacts

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5-yr ISA keeps its hold on top 5 place

5-yr ISA keeps its hold on top 5 place

Category: Savings
Date: 06/03/2015

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 It is now over 6 months old so the content may be out of date.

Virgin Money has extended its fixed rate ISAs, allowing its five-year deal to retain its top-five position in the Moneyfacts charts.

The basics…

Fixed Rate E-ISA Issue 112 pays a highly attractive yearly rate of 2.25% (2.23% monthly) until 24.4.20.

The finer details…

This account must be opened and operated online with a minimum investment of just £1.

Transfers in of both cash and stocks & shares ISAs are allowed, while further additions can be made for up to 30 days after the account has been opened. It is also possible to access funds early, although this will result in the loss of 180 days' interest, the same penalty as applies to transfers out.

A branch and postal-operated version of this ISA is available to savers who would prefer not to manage their account online.

Why we like it…

The extended date of this competitive ISA means that more savers now have the opportunity to take advantage of its attractive rate and terms. Not only does this account offer a monthly option for those who want a regular income, but it also permits further additions and early access to funds (albeit with a penalty), which are unusual options in the fixed rate market. As a result, this ISA fully deserves a continued place in the Moneyfacts charts.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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