NISA races into top 10 | Product News - Moneyfacts

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NISA races into top 10

NISA races into top 10

Category: Savings
Date: 01/12/2014

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 It is now over 6 months old so the content may be out of date.


National
Counties Building
Society has reviewed its savings range and unleashed a new one-year fixed rate NISA onto the market, earning a four-star review for its terms.


The basics…

The one-year 13th Issue Fixed Rate Cash NISA has a yearly rate of 1.51%, earning it a place in the Moneyfacts charts.

Meanwhile, a new one-year fixed rate bond has also been released. The account, 55th Issue Savings Bond, pays tired rates of interest, with an investment of £1,000 earning a rate of 1.31% on maturity (1.30% monthly) or 1.51% (1.50% monthly) on an investment of £10,000.


The finer details…

Both accounts can be opened and managed in branch, by post and online with a minimum deposit of £1,000.

The NISA accepts further additions while the issue remains open, while transfers in from other cash ISAs are also allowed. Early access is also possible, but this is subject to closure of the account and the loss of 99 days' interest. Transfers away from this account will also result in a 99-day loss of interest penalty.

The bond accepts neither withdrawals nor further additions. Investors must therefore be happy with the amount invested and the length of the term.


Why we like them…

The NISA is a competitive offering and is sure to catch the eye of eager savers. The option to make further additions and transfer in funds from other cash ISAs is a definite bonus, while the ability to access funds prior to maturity grants savers some welcome flexibility.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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