Virgin Money has made a slight reduction to its one-year fixed rate ISA, but despite this, it has kept its competitive spirit and held firmly onto its place as the market-leader of its sector.
The one-year Fixed Rate Cash E-ISA Issue 109 now has a yearly rate of 1.65% (1.64% monthly), enabling it to retain its place at the top of the Moneyfacts charts.
This account must be opened and operated online with a minimum investment of just £1.
Unusually, this account allows further additions for up to 30 days after the account is opened. Transfers in of existing cash and stocks & shares ISAs are also welcomed. Savers will be pleased to note that withdrawals are possible, too, with early access permitted upon the loss of 60 days' interest, the same penalty as applies to transfers out.
A branch and postal-operated version of this account paying the same rate is also available.
Although this account has witnessed a slight rate decrease, its prowess is undiminished and it retains its place as the market-leader of its sector. The attractiveness of the rate is bolstered by the fact that this account also allows savers considerable flexibility, with further additions, transfers in and early access permitted, albeit subject to an interest penalty.
Moneyfacts rating: Excellent
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