Nottingham Building Society has launched a new two-year fixed rate ISA, which has gone straight into the Moneyfacts charts for its attractive terms.
Fixed Rate ISA Issue 16 pays a competitive 1.80% yearly until 31.5.17, allowing it to sit cosily among the top 10 accounts of its sector.
This is a branch-based account that must be opened with a minimum investment of £500.
Unlike many other fixed rate deals, this offer gives savers a great deal of flexibility, with further additions and transfers in of other cash and stocks & shares ISAs welcomed while the issue remains open. Although early access to funds is not permitted, it is possible to transfer funds away from this account, subject to a 180-day interest penalty being applied.
This new ISA boasts not only an enticing rate but it also offers savers a great deal of flexibility, which is unusual in the fixed rate market. The ability to make further additions and transfer in existing investments adds a great amount of appeal to this deal, while the possibility of transferring funds away, albeit with an interest penalty, is an unexpected bonus.
Moneyfacts rating: Excellent
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