Barnsley Building Society has claimed the top spot in the Which? fixed rate cash Isa Best Rate table by launching a new one-year fixed-rate cash Isa paying 3% gross/AER.
This internet-only account is available to new and existing customers including those who wish to transfer existing tax-free savings from other providers.
Withdrawals are not permitted during the term, however early closure is allowed, subject to 90 days loss of interest on the amount withdrawn.
The 3% interest rate is fixed until 31 December 2011.
Protecting your money
Savers with Barnsley Building Society and Chelsea Building Society should be aware that their money is protected alongside deposits held with with Yorkshire Building Society savings brands. This means that each person is only covered up to £50,000 in total for savings held across the three brands.
For more information regarding the Financial Services Compensation Scheme (FSCS) and how to ensure your savings are safe, read the guide.
Which? Best Rate savings accounts
Which? compares savings accounts based on stringent criteria in order to help you make the most of your money. We look at standard savings accounts as well as fixed rate savings accounts and cash Isas.
For more information on savings accounts and how to choose the right one for you, read the Which? advice guide.
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