Virgin Money has introduced a new Cash ISA with an impressive 5.05% interest rate, earning an ‘excellent’ Moneyfactscompare rating. This rate, currently the industry leader, is fixed for a one-year term, providing certainty for savers who wish to lock in their rate. Caitlyn Eastell of Moneyfactscompare.co.uk highlights the account’s appeal to savers seeking to maximize their ISA allowance and are willing to commit their funds for a year. Additionally, the account offers flexibility with no minimum deposit requirement and allows for early access with a 60-day loss of interest penalty.