Clydesdale and Yorkshire Banking Group has announced the launch of its cash Isa fixed rate bond.
The group's new product will offer tax-free savings at a competitive rate of 2% AER, with a maturity date of 31st July 2020.
The cash Isa fixed rate bond is available to all customers online and in branch.
The key product features are:
â€¢ overall Isa limit for 2017/18 is ?£20,000
â€¢ minimum deposit amount is ?£2,000
â€¢ previous year's subscriptions can be transferred in
â€¢ withdrawal charges do apply and are based on number of days left to maturity
â€¢ interest calculated daily and credited to the account annually and at maturity
â€¢ maturity date is 31st July 2020
â€¢ offer can be withdrawn at any time
â€¢ 2% tax-free pa/AER.
â€œOur cash Isa fixed rate bond has a market-leading rate, providing customers with a tax-free way to save in a low interest rate environment,' said Fergus Murphy, group customer value director at Clydesdale and Yorkshire Banks (pictured above).
â€œFollowing the excellent customer response we've had for our streamlined digital deposit products, we are also making the bond available online."
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