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New fixed rate ISAs from Coventry

New fixed rate ISAs from Coventry

Category: ISAs
Date: 21/03/2017

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 It is now over 6 months old so the content may be out of date.

Coventry Building Society has launched two brand new fixed rate ISAs over three and five-year terms, both of which receive a high Moneyfacts rating, while the five-year version comfortably earns a place in the Best Buys for its sector.

The basics…

The three-year Fixed Rate ISA (Issue 39) pays a yearly rate of 1.40% to 31.5.20, while the five-year option (Issue 40) pays 1.70% yearly to 31.5.22, seeing it sit just shy of the market-leader for its term.

The finer details…

These ISAs require a minimum initial investment of £1. Additions are allowed for 14 days after account opening, while the issue is open or by 19 April 2017, whichever is longer. Transfers in from other ISAs are also permitted on account opening only. Earlier access in the form of withdrawals or transfers out is permitted on the loss of 180 days' interest and closure of the account. The ISAs can be opened and operated online, in branch, by post or by phone.

Why we like them…

These new ISAs come at the perfect time for savers looking for a new home for their ISA allowance. The decent rates on offer and the ability to open an account with just £1 means these accounts are highly deserving of their product rating, and the five-year deal more than earns its Best Buy position.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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