Clydesdale Bank re-enters cash ISA fray - Savings - News |

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Clydesdale Bank re-enters cash ISA fray

Clydesdale Bank re-enters cash ISA fray

Category: Savings

Updated: 16/04/2010
First Published: 16/04/2010

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 It is now over 6 months old so the content may be out of date.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 re-entered the fixed rate ISA fray with this three year fixed rate bond cash ISA.

Offering investors a return of 3.90% for a medium term investment, the product is a market leader in its field.

A minimum investment of £2K is required, but savers will need to get themselves organised, as only one deposit is allowed per tax year and any transfers in must be initiated on account opening.

Early closure of the account and transfers out are allowed, with penalties payable on a sliding scale: 1-91 days to maturity sees the loss of 45 days' interest; 92-181 days to maturity involves 90 days' loss of interest; 182-273 days to maturity sees 135 days' loss of interest and more than 273 days to maturity costs 180 days' loss of interest.

The minimum penalty payable is £30.

Four out of five Moneyfacts stars are richly deserved.

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 Any products featured may be withdrawn by their provider or changed at any time.