Virgin Money has reduced selected savings rates by 0.05%, but its one-year E-ISA has fended off its competitors and retained a coveted spot in the Moneyfacts charts.
Virgin Fixed Rate E-ISA Issue 110 now pays a yearly rate of 1.60% (1.59% monthly) to 24.3.16, earning it a continued place among the top five of its sector.
This account must be opened and operated online with a minimum investment of just £1.
Transfers in of both cash and stocks & shares ISAs are permitted, and further additions are also allowed provided they are made within 30 days of the account opening. It is also possible to access funds prior to maturity and to transfer out, although this will be subject to a 60-day loss of interest penalty.
This ISA is also available as a branch and postal-operated account (issue 135).
This ISA may have suffered a slight reduction, but it is still a strong competitor and boasts an eye-catching rate. Its attractiveness is enhanced by the additional flexibilities that accompany it, with transfers in, further additions and early access to funds all permitted. There is also a monthly option available, which will appeal to savers looking to secure a regular income.
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 Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.