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Clydesdale and Yorkshire Banks launch new Fixed Rate ISAs
28/02/2011
Clydesdale and Yorkshire Banks today (February 28, 2011) launched two new fixed rate ISAs. The accounts, offering a choice of one and five year terms, have competitive rates of 3% and 4.25% Gross/AER, respectively.
Product features
- Choice of terms, one and five years.
- Minimum opening balance of £2,000.
- Transfers in are subject to ISA regulation limits, and a minimum opening balance of £2,000.
- Guaranteed interest rate.
- No Withdrawals.
- Early closure is subject to an interest penalty based on the remaining term (Min. £30).
- Interest calculated daily from the date of deposit and is payable at maturity.
Steve Reid, Retail Director for Clydesdale Bank, said: "Our two new fixed rate ISAs give people a fantastic opportunity to maximise the return on their savings. Both rates are competitive in the current marketplace, offering attractive, guaranteed returns tax-free."
You can find impartial information and guidance on money matters on the “Money advice service” website.
Clydesdale Bank is covered by the Financial Services Compensation Scheme (FSCS), Find out more.