Cheltenham & Gloucester has introduced a new fixed rate cash ISA range, offering one, two, three, four and five year accounts that can be opened with £1 upwards.
The one year cash ISA pays savers annual interest of 2.55 per cent AER, while the two year pays 3.3 per cent and the three year product offers 3.6 per cent.
The C&G’s four year ISA yields 3.8 per cent and the five year account pays four per cent.
The ISAs can be opened in branch and by phone and transfers in are accepted as well as new deposits.
Andy Bickers, head of savings at C&G, said: “We are committed to providing ISA products for our customers and this range does just that by offering competitive rates, the flexibility to choose from one to five year terms and a minimum opening balance of just £1.”
Monthly interest options are available at a slightly lower rate.
Free ISA guide: Click here