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Clydesdale Bank impresses with five year ISA

Clydesdale Bank impresses with five year ISA

Category: Savings

Updated: 25/01/2011
First Published: 16/11/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Clydesdale Bank has launched a new five year cash ISA that sits amongst the market leaders in the long term market.

the Cash ISAFixed Rate Bond pays a rate of 4.25% on a minimum investment of £2K and is a fixed term cash ISA maturing on 30 November 2015.

No further additions are allowed and earlier closure and transfers out are subject to a penalty (minimum £30): 1-91 days to maturity 45 days' loss of interest, 92-181 days' to maturity 90 days' loss of interest, 182-273 days to maturity 135 days' loss of interest and more than 273 days to maturity 180 days' loss of interest.

Savers can transfer funds into this account.

Also available at Yorkshire Bank.

The fact that transfers in and out are permitted, plus the added flexibility to close the account early, albeit with a substantial penalty, will add to its appeal in the current financial climate.

Four out of five Moneyfacts stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.