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Clydesdale and Yorkshire Banks launch new Fixed Rate ISAs


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."

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