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Double ISA delight at Derbyshire BS

Double ISA delight at Derbyshire BS

Category: Savings

Updated: 05/04/2011
First Published: 04/04/2011

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 It is now over 6 months old so the content may be out of date.

Derbyshire Building Society has added to its existing ISA range with the launch of two new products for the new tax year.

Its Fixed Rate ISA paying 3.20% is amongst the market leaders for the one year term.

Sure to prove popular, particularly as previous years' ISA allowances can also be deposited, this ISA requires a minimum investment of £100.

The account can be closed early and transfers out are allowed, both on the loss of 60 days' interest.

Meanwhile, the Limited Edition Cash ISA also pays one of the top rates in its field at 3.15%.

An instant access cash ISA, it requires a minimum investment of £5K.

It must also be remembered that the rate includes a 1.65% bonus up to 30 June 2012, after which a review will be required to ensure the rate is still competitive.

Transfers in are not accepted, but transfers out are allowed without penalty.

Only being available for the 2011/2012 tax year allowance might limit its appeal slightly.

Nevertheless, two cracking ISAs still add up to four out of five Moneyfacts stars for Derbyshire BS.

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 Any products featured may be withdrawn by their provider or changed at any time.

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