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Virgin’s 2-year ISA retains 2nd place

Virgin’s 2-year ISA retains 2nd place

Category: Savings
Date: 02/02/2017

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 It is now over 6 months old so the content may be out of date.

Virgin Money has launched new issues of its two-year fixed rate savings accounts, which sees the ISA keep its second place in the Best Buy chart for its sector, earning it a high Moneyfacts rating in the process.

The basics…

The Virgin Fixed Rate Cash E-ISA Issue 222 pays a competitive yearly rate of 1.15%, fixed to 24.02.19. A monthly option paying 1.14% is also available.

The finer details…

This internet-operated ISA requires a minimum investment of just £1. Further additions are allowed for up to 30 days after account opening, and transfers in from other ISAs are also permitted. Withdrawals are allowed as well, subject to 90 days' loss of interest, the same penalty as applies to transfers away. So, savers should ideally make sure they can commit for the full term of this online-only deal to ensure they can take full advantage.

A version of the account which can be opened through other means is also available, offering the same rate and features.

Why we like it…

This reissued ISA deserves its high rating due to its competitive rate, flexibility and minimal deposit requirement, ensuring it retains its status as a Moneyfacts Best Buy.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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