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Virgin Money launches 5-year ISA

Virgin Money launches 5-year ISA

Category: ISAs

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 It is now over 6 months old so the content may be out of date.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 returned to the fixed-rate ISA market with the Fixed Rate Cash E-ISA Issue 33, available to savers with deposits of just £1 and over.

The basics…

This deal pays an annual tax-free rate of 2.75%.

The finer details….

Further additions can be made up to 30 days' from the account being opened.

Early access is permitted, subject to a 180 days' loss of interest penalty. Transfers in are accepted.

The account can be operated online only by investors aged 16 and over.

Why we like it….

This deal pays a competitive rate to savers looking to lock their money away for a five-year period. Access to funds during the term is allowed, although this will incur a hefty loss of interest penalty.

Four out of five Moneyfacts Stars have been awarded.

What next?

Search all cash ISAs
3, 4 & 5 year fixed rate ISAs
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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 Any products featured may be withdrawn by their provider or changed at any time.