Skipton BS makes decisive five-year ISA move | Product News - Moneyfacts

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Skipton BS makes decisive five-year ISA move

Skipton BS makes decisive five-year ISA move

Category: Savings
Date: 28/03/2013

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 It is now over 6 months old so the content may be out of date.

An increase in their rate of 0.25% sees the Skipton BS Five Year Fixed Rate ISAs climb towards the top of the long-term ISA chart.

The basics…

Both the Five Year Fixed Rate ISA and its online equivalent are now paying 3.00% yearly (2.96% monthly) to savers with the necessary minimum deposit of £500.

The finer details…

The non-internet version of the bond must be opened in branch, but can then be operated either in branch or over the phone. Both versions of the account allow additional investments to be made while the issue remains open and permit funds to be accessed early, albeit on closure of the account and the loss of 240 days' interest.

Why we like it…

The improvement in the rate means the accounts now sit just below the current market-leader over the five-year term. In addition, if you want to secure a regular income from your savings, the monthly rate of 2.96% is the best available in this particular field.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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