Virgin Money has launched a new short-term fixed rate ISA paying a competitive rate of interest.
Fixed Rate E-ISA Issue 79 pays 1.55% yearly, with a monthly option paying 1.54%, on a minimum investment of just £1.
The finer details…
The account must be opened and operated online.
Further additions are allowed up to 30 days after opening the account and savers can top up to the new £15,000 limit during July. Transfers in are also accepted as are withdrawals, however this earlier access is subject to a penalty of 60 days' loss of interest.
Why we like it…
Paying an attractive rate of interest and with the ability to access funds early if need be, subject to an interest penalty, this ISA sits comfortably in the Moneyfacts best buys for short-term saving.
Four Moneyfacts Stars have been awarded.
Compare the best fixed rate ISAs in our best buy charts
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 Any products featured may be withdrawn by their provider or changed at any time.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.