Virgin fixed-rate Isa

Virgin fixed-rate Isa

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, 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.”