Yorkshire Bank‘s (ybonline.co.uk) Cash ISA Fixed Rate Bond Issue 4 is a limited offer cash ISA launched on 19th April 2010.
The Bond pays a guaranteed interest rate so customers know exactly how much their savings will grow and it has the following main features:
- Interest rate of 3.90% Tax-free/AER until 31 May 2013
- Tax free growth
- Guaranteed interest rate until 31 May 2013 if held for the full term
- The minimum amount to invest is £2,000
- Interest calculated daily from date of deposit
This Cash ISA Fixed Rate Bond is designed for savers who do not need to access their funds before 31st May 2013. In case of money withdrawal before that date, customer will have to pay an early withdrawal charge of minimum £30 and the account will be closed.
The new Cash ISA subscription limit from the 6th April 2010 is £5,100.
Egg, the UK internet bank, has recently launched two new savings accounts to help customers make their money stretch further.
New Egg Savings Account paying 2.80% gross pa/AER incorporating a fixed bonus rate of 1.55% for the first 12 months.
From 26 June 2009, this account is available to both new and existing customers with new deposits from just £1 and up to £1,000,000 and offers a competitive return with an attractive fixed bonus rate for the first year. Customers also have the flexibility to pay in or withdraw however much they like, whenever they like, without penalty.
From 1 July, Egg is also offering a three year Egg Fixed Rate Bond paying 4.30% gross PA/AER. The bond will be available to both new and existing customers who have an Egg Savings Account and for deposits between £1,000 and £2,000,000.
The interest rate of 4.30% gross pa/AER is fixed for a term of three years from the date the bond is opened. No additional deposits or withdrawals are permitted during the three year term. The bond is available to applications and cleared funds received on or before the 29 September 2009.
Source: Egg
