Virgin Money has launched a new Cash ISA with a highly competitive 5.05 percent interest rate, earning an ‘excellent’ rating from Moneyfactscompare. This rate, currently leading the sector, is fixed for a one-year term, offering savers certainty and a way to lock in their rate. Caitlyn Eastell, a spokesperson from Moneyfactscompare.co.uk, highlighted the account’s attractiveness to savers seeking to make the most of their ISA allowance and are comfortable committing their funds for a year. The account provides flexibility with no minimum deposit requirement, and early access is granted subject to a 60-day loss of interest penalty. This new account from Virgin Money is well-suited for savers willing to lock their cash away for one year and earn a top-tier interest rate.
Virgin Money Launches Cash ISA with Exceptional 5.05% Interest Rate
