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Clydesdale and Yorkshire Banks launch new fixed rate ISAs
27/02/2012
Clydesdale and Yorkshire Banks have today (Monday 27th February) launched two new, competitive fixed rate ISAs. The bonds, which offer a choice of maturity dates of 30th May 2014 and 31st May 2017, have rates of 3.6% and 4.25% Tax Free AER, respectively.
Product features
- Choice of maturity dates.
- Minimum opening balance of £2,000.
- Transfers in allowed.
- Guaranteed interest rate.
- No withdrawals.
- Early closure is subject to an interest penalty based on the remaining term (minimum charge of £30).
- Interest paid annually and at maturity.
Steve Reid, Retail Director for Clydesdale Bank, said: “We believe it is important to give our customers every opportunity to maximise the return on their savings. These two new fixed rate ISAs are competitive in the marketplace and should offer them guaranteed tax-free returns.”
You can find impartial information and guidance on money matters on the “Money advice service” website.
Yorkshire Bank is covered by the Financial Services Compensation Scheme (FSCS), Find out more.