Published On: Sun, Oct 11th, 2020

ISA rates: The account that’s seen an interest rate increase – full details on eligibility | Personal Finance | Finance


As they detailed, Secure Trust Bank have increased the interest on their one Year Fixed Rate Cash ISA.

As Eleanor Williams, a Finance Expert at moneyfacts.co.uk explained: “Receiving an increase of 0.05 percent this week, the Secure Trust Bank one-year fixed rate cash ISA improves on its position in the top rate tables when compared to other ISAs with similar terms currently on offer.

“Now paying 0.91 percent yearly, those savers who are looking to take advantage of their tax-free ISA allowance may be pleased to note that with this account they can do so from a minimum investment amount of £1,000.

“Further additions are permitted within 30 days of account opening with a minimum addition of £1,000, and, subject to a loss of interest penalty, early access is available on closure of the account, which may be appealing to some investors, particularly in these uncertain times.

READ MORE: Martin Lewis: Best savings and Lifetime ISA rates revealed



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