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Principality increases 2yr ISA rate

Principality increases 2yr ISA rate

Category: ISAs
Date: 20/02/2017

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 It is now over 6 months old so the content may be out of date.

Principality BS has amended a number of its fixed rate products, increasing rates by as much as 0.20%. As a result, its two-year ISA has secured its place in the Best Buy chart for its sector and earned a high rating.

The basics…

The 2 Year Fixed Rate Cash ISA Issue 165 now boasts a fixed rate of 1.10%, paid on anniversary. A version paying the same rate on a monthly basis is also available.

The finer details…

The account requires a minimum investment of £500. It allows transfers in from other ISAs and additions while the issue remains open. Earlier access is permitted subject to closure of the account and a 180-day loss of interest penalty, the same penalty as applies to transfers out. The account can be opened and operated in branch, by post and online.

Why we like it…

This deal's competitive rate and flexibility have earned it a high rating and allowed it to keep its place in the Best Buys.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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