New Fixed Rate E-ISA From Barnsley Building Society

Barnsley Building Society, a trading name of Yorkshire Building Society, has a new E-ISA offering a fixed rate of 3.5% AER.

This new fixed rate ISA savings account is available with a minimum deposit of £100 and a maximum of the total ISA allowance including interest added since 1999.

The fixed rate of 3.5% AER is for a 2 year period, until 30 April 2013.

Lynne Pepper, Yorkshire’s Savings Product Manager, said: “While people are looking around for the best product we would also encourage consumers to make sure they are using their full ISA allowance to make their savings more tax efficient.

You can invest up to £10,200 this tax year of which up to £5,100 can be into a cash ISA. Benefitting our customers, this online account has the additional facility of allowing 2011/2012 deposits between 6^th – 30^th April.”

Barnsley Building Society, which has eight branches, merged with Yorkshire Building Society on 31st December 2008.

You can apply for this ISA on their website.

MoneyHighStreet.com comment: This fixed rate ISA from Barnsley adds to the flurry of new cash ISAs recently launched. You would be well advised to check other offers and if you are looking for a fixed rate ISA carefully consider the period you want to tie your money up for.

For example recently launched are the 1 and 5 year fixed rate ISAs from Clydesdale and Yorkshire Banks, offering up to 4.35% Gross/AER.

Also, if you have an existing ISA, check the interest rate you are getting and if need be look to switch to a better account.