One-year ISA improves chart position | 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.

One-year ISA improves chart position

One-year ISA improves chart position

Category: ISAs
Date: 06/02/2018

OakNorth Bank has increased the rate on its one-year fixed ISA by 0.06%, which has improved its position in the Best Buy chart for its sector, earning it a high Moneyfacts rating in the process.

The basics…

The 12-month Fixed Rate Cash ISA now boasts a competitive rate of 1.42% AER (1.41% gross). Interest is paid monthly and must be compounded.

The finer details…

This account requires a minimum investment of £1,000. It allows transfers in from other cash ISAs, as well as additions for the first 30 days from account opening. Earlier access is possible on a 90-day loss of interest penalty (withdrawals must be of at least £1,000), the same penalty as applies to transfers out. The ISA must be opened online, after which it can also be managed over the phone. It will require a nominated current account for access.

Why we like it…

The rate on this deal is now even more competitive, with its flexible access options further helping it stand out, therefore easily earning it a higher place in the Best Buys and 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.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