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New 2-year ISA takes 2nd place

New 2-year ISA takes 2nd place

Category: ISAs
Date: 09/01/2017

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 It is now over 6 months old so the content may be out of date.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 launched new two-year fixed bonds and ISAs, which sees its online-only ISA take over second place in the Best Buy chart for its sector, earning it a high Moneyfacts rating in the process.

The basics…

The Virgin Fixed Rate Cash E-ISA Issue 213 pays a competitive yearly rate of 1.15%, fixed to 24.01.19. A monthly option paying 1.14% is also available.

The finer details…

The ISA requires a minimum investment of just £1. Further additions are allowed for up to 30 days after account opening, and transfers in from other ISAs are also permitted. Withdrawals are allowed as well, albeit subject to 90 days' loss of interest, the same penalty as applies to transfers away. Therefore, savers should ideally make sure they will not miss their savings for the full term of this online-only deal to ensure they can take full advantage.

An alternative account which can be opened through other means is also available, offering the same rate and features.

Why we like it…

This new ISA deserves its high listing due to its competitive rate, its flexibility and its minimal deposit requirement, easily earning it a high rating in the process.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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