4 yr Cash ISAs

Gramski

Anyone know who provides a 4yr fixed rate isa online other than Hodge Bank&

eskbanker

Coventry do a 5-year one with a 180-day interest penalty for early closure, which would give you a better 4-year return than Hodge, 3.5 years at 2.3% comfortably beating 4 years at 1.8%....

Or Masthaven will do 2.53% for 4 years in a non-ISA account, according to https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#fixedsavings

isasmurf

Sainsburys and Wesleyan

United Trust Bank do a postal 4 Yr ISA

Gramski

Thanks for that but I can’t see where Coventry Building Society do a 3.5 year at 2.3%.

eskbanker

Gramski wrote: »

Thanks for that but I can’t see where Coventry Building Society do a 3.5 year at 2.3%.

My explanation of that obviously wasn't clear enough - it's a five year fixed term account but, as with any other cash ISA, providers have to allow the option of early closure/withdrawal (unlike non-ISA fixed term accounts).

So, if you closed it after four years instead of letting it run to the full five, they'd charge you a penalty of 180 days worth of interest, i.e. roughly half a year, so you'd effectively receive 3.5 years worth of interest when closing it after four years.

It's not literally a 3.5 year account, it's a five year one that you'd close early if you wanted it to run for exactly four years....