Sainsbury’s new one-year ISA enters chart | Product News | moneyfacts.co.uk

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Sainsbury’s new one-year ISA enters chart

Sainsbury’s new one-year ISA enters chart

Category: ISAs
Author: Lieke Braadbaart
Date: 01/06/2018

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 It is now over 6 months old so the content may be out of date.

Sainsbury's Bank has relaunched its one-year fixed rate ISA, which has entered the Best Buy chart for its sector, earning it a high Moneyfacts rating at the same time.

The basics…

Fixed Rate Cash ISA boasts a rate of 1.38%, paid on its anniversary.

The finer details…

This account requires a minimum investment of £5,000. It allows transfers in from other cash ISAs, stocks & shares ISAs and innovative finance ISAs, as well as additions within the first 30 days from account opening. Earlier access is also possible, but only on closure of the account and a 90-day loss of interest penalty, with the same interest penalty applying to transfers out (note that only full transfers are allowed). This one-year ISA can be opened and operated online or by phone.

Why we like it…

The rate on this deal, combined with its flexible access options, has deservedly earned it a high rating as well as a 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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