Top ISA from Bank of Cyprus UK - Savings - News |

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Top ISA from Bank of Cyprus UK

Top ISA from Bank of Cyprus UK

Category: Savings

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Bank of Cyprus UK has reviewed its fixed rate ISA range, which sees all rates reduced by 0.1%. Despite this, the one-year option still remains one of the top products at this term.

The basics…

The one-year fixed rate ISA pays 3.05% yearly and savers must invest a minimum of £500 in order to open this account.

The finer details….

Transfers in of previous ISA pots is allowed; however, early access to funds is on account closure only and will incur a penalty of 180 days' loss of interest .

Why we like it…

This is a top rate for savers looking for a short-term home their tax-free ISA allowance - £5,640 for the 2012-2013 tax year. Four out of five Moneyfacts stars have been awarded.

What Next?

Looking for a Fixed Rate Cash ISA - Compare cash isa rates

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 Any products featured may be withdrawn by their provider or changed at any time.