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Skipton’s Excellent 5yr fixed ISA

Skipton’s Excellent 5yr fixed ISA

Category: ISAs
Author: Lieke Braadbaart
Date: 08/03/2018

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 It is now over 6 months old so the content may be out of date.

Skipton BS has increased selected savings rates, which sees its five-year fixed rate ISA enter the Best Buy chart for its sector and earn a high rating.

The basics…

The 5 Year Online Fixed Rate ISA Issue 56 now boasts a rate of 2.00%, paid on its anniversary, whereby interest must be compounded. A version of the account which pays a rate of 1.98% 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 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 rate has made it competitive enough to enter 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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