Clydesdale and Yorkshire launches new fixed-rate ISA

Clydesdale and Yorkshire banks have launched two new fixed-rate ISAs offering customers some of the best savings rates on the market.

Savers looking for a short-term investment will be able to access a competitive fixed savings interest rate of three per cent.

The account is also available in a five year option for savers looking to lock away their money for a longer term. Clydesdale and Yorkshire's five-year fixed-rate ISA offers 4.25 per cent.

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."

He added that the account offers attractive, guaranteed tax-free returns which are competitive within the current ISA market.

A minimum opening balance of £2,000 is needed to access the new ISA and transfers are subject to ISA regulation limits.

No withdrawals are permitted during the term and the account is subject to an interest-based penalty for early closure of the ISA.
 

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2011-03-01 11:13:30 © Moneyextra.com