Furness’ long-term ISA climbs into top 3 | Product News | moneyfacts.co.uk

Product News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Furness’ long-term ISA climbs into top 3

Furness’ long-term ISA climbs into top 3

Category: ISAs
Author: Lieke Braadbaart
Date: 03/10/2018

Furness BS has increased some of its long-term savings rates by 0.40%, which sees its five-year fixed rate ISA jump into the top three for its sector and earn a high Moneyfacts rating.

The basics…

The 5 Year Fixed Rate Cash ISA (Issue 140) now boasts a rate of 2.20%, paid on its anniversary.

The finer details…

This account requires a minimum investment of £1,000. It permits transfers in from cash ISAs, but additions are not allowed. Earlier access is permitted only on closure of the account and the loss of 180 days' interest, with the same interest penalty applying to transfers out of the ISA. It can be opened and operated in branch and by post.

Why we like it…

By increasing its rate and offering some welcome flexibility, Furness BS has hopefully increased savers' interest in this fixed rate ISA, as it has rightly earned a top-three spot 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

Close