Aldermore has amended rates across its range of fixed savings products. Despite this, its two-year fixed rate ISA remains competitive enough to stay in the Best Buy chart for its sector, while also holding on to its Excellent rating.The basics… The two-year Fixed Rate Cash ISA now pays a rate of 1.15%, which is still a top-10 rate for its terms. A monthly version paying 1.14% is also available.The finer details… The ISA requires a minimum investment of £1,000. Further additions are allowed for up to 20 business days from account opening, and transfers in from other ISAs are also possible. Withdrawals are permitted via a nominated account, although this will results in the loss of 180 days' interest, the same penalty as applies to transfers out. The account can be opened and operated online, by post and over the phone.
Bank of Cyprus has amended rates on its range of fixed rate products. Despite this, their one- and two-year ISAs maintain their position in their respective charts, thanks to their still-competitive terms.The basics… The one-year Fixed Rate Cash ISA now pays a rate of 1.20% while the two-year equivalent pays 1.25%; both are top-10 rates for their terms.The finer details… Both ISAs require a minimum investment of £500. Withdrawals are not allowed, but transfers in from other ISAs and further additions (minimum £100) are. It is possible to gain early access to the account or transfer out, on the loss of 180 days' interest and closure of the account. The account has to be opened online and can then be operated in the same way as well as in branch, by post or over the phone.
Ipswich Building Society has introduced a new ISA for existing or local savers, which has earned an 'excellent' rating thanks to its eye-catching rate and terms.The basics… Stepping Stone ISA pays a competitive variable rate of 1.80% yearly. Savers must either already be existing customers of the society or live in the local area, and must be aged from 16 to 21.The finer details… This ISA can be opened and operated in branch and by post with a minimum investment of just £10. Further additions and withdrawals can be made without restriction or notice. Savers are also allowed to transfer in existing cash ISAs, while transfers away can be made without penalty.
Buckinghamshire Building Society has launched a new five-year fixed ISA onto the market, which has attained a place in the charts due to its eye-catching rate and terms.
The basics… The five-year Fixed Rate Cash ISA Issue 66 pays a top-10 rate of 1.75% yearly (1.74% monthly) until 30.6.21, enabling it to sit comfortably in the charts.
The finer details… Savers can open and operate this account in branch and by post with an initial deposit of at least £100.
Further additions can be made while the issue remains open, but transfers in are not possible. Unusually, this account allows early access, although savers should be aware that making a withdrawal will result in closure of the account and a loss of interest that is equal to 50% of the term (max 365 days). Transfers away will also incur this penalty.
Yorkshire Bank has re-introduced a competitive 18-month fixed rate cash ISA to the market, immediately securing it a chart place thanks to its attention-grabbing rate and terms.
The basics… Cash ISA - Fixed Rate Bond (Issue 36) pays an attractive yearly rate of 1.35% until 31.10.17, enabling it to take a comfortable position among the top 10 accounts of its sector.
The finer details… This ISA can be opened in branch, by post or by phone, and then managed either in branch or by phone. It requires an initial investment of at least £2,000.
Savers are not able to make additional deposits but they can transfer in existing cash and stocks & shares ISAs. There is also an option to access funds prior to maturity, although this will result in the loss of up to 180 days' interest being lost, depending on the time left to maturity. These tiered penalties will also apply to transfers away.
This ISA is also available through Clydesdale Bank.
Santander has reduced the rate paid on its standard Help to Buy ISA, but despite this, it maintains a top-10 position among its peers and earns an "excellent" rating in the process.
Help to Buy: ISA now pays a competitive 2.00% yearly from a minimum investment of just £1, which allows it to comfortably take a place in the Moneyfacts charts.
This ISA can be opened in branch or by phone and can then be managed in the same way as well as online. A maximum of £200 can be deposited per month, although up to £1,200 can be transferred as an initial investment, and transfers in of existing Help to Buy ISAs are also accepted in full.
Multiple deposits can be made per month up to the £200 limit, and an unlimited number of withdrawals are also allowed, with this account offering instant access to invested funds.
Virgin Money has reissued its two-year fixed ISA, which has maintained its desirable place in the Moneyfacts charts thanks to its enduring competitiveness.
Virgin Fixed Rate E-ISA Issue 180 pays an attractive rate of 1.40% yearly (1.39% monthly) until 24.6.18, which has enabled it to continue to sit comfortably among the top 10 accounts of its sector.
The finer details…
This internet-operated ISA can be opened with a minimum deposit of just £1. It accepts transfers in and also allows additional deposits to be made for up to 30 days after an account has been opened. It is also possible to access funds early on the loss of 90 days' interest, the same penalty as applies to transfers away.
For those who prefer to manage their savings offline, a branch and postal-operated version paying the same rate is also available.
Britannia has given its fixed ISAs a rate boost of up to 0.10%, securing its one and two-year deals eye-catching places on the charts.
The basics…Fixed Rate Cash ISA 31.7.17 now pays 1.40% yearly, which enables it to sit just below the current market-leader of its sector, while its two-year counterpart pays 1.50% yearly until 31.7.18 - the joint market-leading rate for its terms.
The finer details…These accounts can be opened in branch, by phone and online with an initial investment of at least £5,000. It can then be managed either in branch or by post.
Savers are welcome to make additional deposits while the issues remain open, and transfers of pre-existing cash ISAs are accepted, too. There is also an option to access funds prior to maturity, although this will result in the loss of 180 days' interest for both accounts. Transfers away will incur the same penalty.
United Bank UK has reduced the rates paid on its fixed ISAs by up to 0.50%; however, its five-year deal has managed to maintain its position in the charts thanks to its continued appeal.
The basics…5 Year Fixed Rate Cash ISA now pays a competitive rate of 1.70% yearly (1.69% monthly/quarterly or 1.76% on maturity), which enables it to continue to sit proudly among the top 10 accounts of its sector.
The finer details…This account can be opened and operated in branch and by post with an initial investment of at least £2,000.
Savers are not able to make further additions but they can transfer in existing cash ISA savings. Early access is also permitted on the loss of 365 days' interest, the same penalty as will apply to transfers away from this account.
Nottingham Building Society has reissued its two-year ISA, which has maintained its place in the Moneyfacts charts thanks to its continued competitiveness.
The basics…The two-year version of Fixed Rate ISA Issue 21 continues to pay a joint market-leading rate of 1.50% yearly until 31.7.18, thereby allowing it to continue to sit comfortably towards the top of the charts.
The finer details…This ISA must be opened and operated in branch with an initial deposit of at least £500.
Savers are invited to make further additions and transfers in while the issue remains open, but no withdrawals are permitted. However, it is possible to transfer funds away from the account, although this will result in the loss of 180 days' interest.
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.