New easy access ISA shoots into the top 10 | Product News - Moneyfacts

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New easy access ISA shoots into the top 10

New easy access ISA shoots into the top 10

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 It is now over 6 months old so the content may be out of date.

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.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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