The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market for the week commencing 11 January 2021
Other information: Minimum applicant age 18, 14 days from account opening to make initial deposit.
Vernon Building Society has made amendments to its Fixed Rate Cash ISA, which includes a rate reduction of 0.15% to pay 0.60% yearly. Despite the drop in rate, this ISA maintains a place within the top 10 when it is compared to other fixed ISAs with similar terms currently available in the market. Earlier access is permitted but is subject to a loss of interest penalty, which savers would do well to bear in mind, while further additions can be made until 30 April 2021. Those who are looking to utilise their tax-free ISA allowance and are able to meet the minimum investment amount of £10,000 may be tempted by the return. On balance, the account earns an Excellent Moneyfacts product rating.