Skipton Building Society has sprung a new easy access ISA onto the market, and its competitive terms have enabled it to steal a place on the Moneyfacts charts.
Bonus Cash ISA Issue 4 has an attractive variable rate of 1.50% yearly (1.49% monthly) including a 0.50% bonus for 12 months. This allows it to sit among the top 10 accounts of its sector.
This account can be opened and operated in branch and by post with an initial investment of just £1.
Although transfers in of existing ISAs are not permitted, it is possible to make unlimited further additions. Withdrawals can be made instantly, with no limitations or penalties, as can transfers out.
This ISA offers savers the height of flexibility, as well as an eye-catching rate. Savers with modest initial savings will be pleased to note the small size of the required opening investment, while those who want unlimited access to their funds will be attracted by the penalty-free withdrawals policy. However, savers must note that the rate includes a 12-month bonus, which makes a re-evaluation of its competitiveness a must in a year's time.
Moneyfacts rating: Excellent
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