Julian Hodge Bank has made some reductions to its fixed rate cash ISAs. However, its one, two and five-year deals have kept their competitive edge and retained positions among the top 10 of the Moneyfacts charts.
1 Year Fixed ISA now has a competitive rate of 1.65% yearly while its two-year counterpart has an annual rate of 1.90%, earning both comfortable places among the top 10 in their respective sectors. The five-year version also has a very competitive rate of 2.30% per annum, which allows it to keep its place in the Moneyfacts charts, too.
These accounts can be opened in branch and by post and then operated by post only. An initial deposit of at least £5,000 is required.
Although further additions are not permitted, it is possible to transfer in other cash and stocks & shares ISAs, provided a transfer of at least £5,000 is made. It is also possible to access funds early, although this will result in closure of the accounts and a penalty. Transfers away from these ISAs are subject to the same restriction.
The ISAs have retained their competitive spirits despite rate reductions, which is sure to attract interest from savers. The option to transfer in existing ISAs adds some welcome flexibility to the accounts, as does the ability to access funds early, although this is subject to a penalty and closure.
Four Moneyfacts Stars have been awarded.
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