Virgin Money’s E-ISA stays in the top 5 | Product News - Moneyfacts

Product News

Virgin Money’s E-ISA stays in the top 5

Virgin Money’s E-ISA stays in the top 5

Category: Savings
Date: 26/02/2015

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 It is now over 6 months old so the content may be out of date.

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.

The basics…

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.

The finer details…

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).

Why we like it…

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close