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Sun Bank offers guaranteed interest rate for pre-ISA customers

Sun Bank is offering customers a guaranteed interest-rate to customers who invest £3,000 in its pre-ISA account.


The bank is offering savers who take out a pre-Isa, dubbed the ISA with a plus, a guaranteed fixed interest rate of 7.75 per cent when they switch in April.


Investors who do not wish to transfer to a Sun Bank ISA can have the whole investment, plus the interest earned refunded to them.


The commission for IFAs on the pre-ISA is 0.15 per cent a year of the average daily balance paid quarterly.

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