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Skipton’s 5yr ISA improved

Skipton’s 5yr ISA improved

Category: ISAs
Date: 05/09/2018

Skipton BS has increased selected savings rates, with its five-year fixed rate ISA the most competitive of the bunch, securing its place in the Best Buys and once again earning a high rating.

The basics…

The 5 Year Online Fixed Rate ISA Issue 66 now boasts a rate of 2.01%, paid on its anniversary. A version of the account which pays a rate of 1.99% on a monthly basis is also available.

The finer details…

This online-only account requires a minimum investment of £500. It permits transfers in from cash and stocks & shares ISAs within seven days, as well as additions either within seven days of account opening or while the issue remains open. Earlier access is permitted only on closure of the account and the loss of 365 days' interest, with the same interest penalty applying to transfers out.

Why we like it…

This deal's improved interest rate is enough to see it retain a place in the Best Buys, with its flexible access options only adding to its appeal and easily earning it 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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