Cash ISA from Close Brothers Savings
Protection
FSCS
Up to £120,000
Min balance
£10,000
Max balance
£2,000,000
Access
2 Years
Interest paid
Annually
Transfers in
Accepted
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Want to know how much interest you will receive with Close Brothers Savings's 2 Year Fixed Rate Cash ISA?
Estimated interest
£10,000 saved
£1,000
At 4.88% AER
£50,000 saved
£4,999
At 4.88% AER
£2,000,000 saved
£199,963
At 4.88% AER
Estimated over the 24-month term, assuming the rate stays the same and interest stays in the account. Amounts outside this account's minimum or maximum balance are left out.
Close Brothers Savings is offering 4.88% on this two-year fixed Cash ISA, which is a competitive rate for anyone wanting to shelter a lump sum from tax while locking in a known return. The £10,000 minimum makes it one for savers with a decent pot rather than those just starting out, and the interest is paid annually to a nominated account rather than compounded, so you won't earn interest on interest. The main catch is the usual one with fixed-rate bonds: your money is tied up for the full two years and early access comes with a penalty.
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