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1 and 2-year ISAs go top

1 and 2-year ISAs go top

Category: ISAs
Date: 21/08/2017

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 It is now over 6 months old so the content may be out of date.

Virgin Money has increased selected rates by up to 0.16%, which sees its one and two-year ISAs jump to the top of the Best Buy charts for their respective sectors, earning them a high rating in the process.

The basics…

The one-year Fixed Rate Cash E-ISA Issue 265 now boasts a rate of 1.30%, paid yearly to 24.09.2018, while the two-year option (Issue 266) pays 1.51% yearly to 24.09.2019. These accounts are also available as monthly interest options, paying slightly reduced rates.

The finer details…

These online-only accounts require a minimum initial investment of just £1. Additions are allowed for 30 days from account opening, and transfers in are permitted from cash and stocks & shares ISAs. Earlier access in the form of withdrawals or transfers out is permitted on the loss of 60 or 90 days' interest respectively for the one and two-year versions.

Why we like them…

The market-leading rates on these accounts are enough to earn them first place in the Best Buys, as well as a high rating.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

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