New 2-yr ISA heads straight into the charts | Product News - Moneyfacts

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New 2-yr ISA heads straight into the charts

New 2-yr ISA heads straight into the charts

Category: Savings
Date: 23/02/2015

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 It is now over 6 months old so the content may be out of date.

Nottingham Building Society has launched a new two-year fixed rate ISA, which has gone straight into the Moneyfacts charts for its attractive terms.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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