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Tuesday, October 17, 2017

Fergus Murphy
Products

CYBG launches cash Isa fixed rate bond

Martin Greenland | 7:29 Wednesday 9th August 2017

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:

• overall Isa limit for 2017/18 is £20,000
• minimum deposit amount is £2,000
• previous year’s subscriptions can be transferred in
• withdrawal charges do apply and are based on number of days left to maturity
• interest calculated daily and credited to the account annually and at maturity
• maturity date is 31st July 2020
• offer can be withdrawn at any time
• 2% tax-free pa/AER.

“Our 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).

“Following 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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