Virgin Money has launched a one year 1.76 per cent AER fixed-rate cash Isa.
The Isa is aimed at savers looking for a guaranteed rate of interest over a shorter period of time while using their tax-free allowance.
Key Features
Interest fixed at 1.76% for one year
Customers can transfer-in existing Isas
Additional deposits are accepted for 30 days following account opening
Available through Virgin Money stores, online, over the telephone and by post
Same interest rate however customers choose to operate their account
Adviser verdict
Anna Bowes, director for Bath-based savingschampion.co.uk, said: “This Isa is a best buy for savers who are looking to lock their money away in a tax-free environment and have less than £5,000. However, savers with more than £5,000 would earn a better deal elsewhere.”
