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What are the best ISA investment funds in October 2021?
Derin Clark

Derin Clark

Online Reporter
Published: 18/10/2021

On Friday 15 October the FTSE 100 index finished at its highest level in 19 months, but fell after China reported its 4.9% expansion came in short of expectation. Meanwhile, this week’s UK inflation figures and a flurry of earning updates are expected to have an impact on the markets.

The summaries below show the overall best performing ISA funds in October 2021.

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Saving rates continue to rise

The average rates on easy access savings accounts and fixed accounts have continued to rise month-on-month, new figures reveal.

Data published in the Moneyfacts UK Savings Trends Treasury Report shows that the average rate on easy access savings accounts has risen from 0.17% in September to 0.18% this month, just the third time it has hit this average rate since the beginning of this year. Meanwhile, the average one year fixed bond rate has also increased month-on-month, up from 0.67% to 0.76%, which Rachel Springall, finance expert at Moneyfacts.co.uk, said “is the highest rate since last June”.

Savers looking for a longer-term fixed rate bond will find that average rates are now over 1%, standing at 1.03% this month, increasing from 0.94% in September. This is the first time the average rate on longer-term fixed rate bonds has surpassed 1% since June 2020.

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The best residential mortgage rates 15.10.21

A rate rise by HSBC on its five year fixed remortgage deal this week has resulted in the lowest rate in this chart now standing at 0.97%, compared to 0.91% available last week. Although this is the only rate rise to impact the lowest rates on offer, it could suggest that mortgage rates have hit their lowest point. Consumers may want to act quickly to secure the best fixed rate deal soon in case rates start to rise in the coming months.

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The best savings rates this week 15.10.21

During the week Cynergy Bank increased the rate and changed the issue number on its easy access savings account, so it now pays the top rate of 0.66% AER in the easy access savings chart. As well as this, JN Bank increased the rate on its five year fixed bond and QIB (UK) launched a five year fixed bond, both of which now pay the joint-top fixed bond rate.

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Why don’t the big banks want your cash?

Despite average rates on easy access savings accounts increasing month-on-month, savers with the biggest four high street banks may still find they are earning just 0.01% AER on their savings.

Of the 48 easy access savings accounts that pay 0.01% or less, 36 are high street banks and among these are the top four biggest banks – Lloyds, HSBC, Barclays and NatWest. Meanwhile, all the top 10 highest paying easy accounts in our chart open to new and existing customers come from either challenger banks or building societies – with six accounts from challenger banks.

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The best ISA rates this week 14.10.21

14th October 2021

In the easy access ISA chart this week Cynergy Bank changed the issue number and increased the rate on its easy access ISA, resulting in it paying the top rate in this chart of 0.65% AER

In the easy access ISA chart this week Cynergy Bank changed the issue number and increased the rate on its easy access ISA, resulting in it paying the top rate in this chart of 0.65% AER

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How to prepare finances to cope with price rises

14th October 2021

In just two weeks’ time Chancellor Rishi Sunak will unveil the autumn budget, which could see more tax increases for UK consumers

In just two weeks’ time Chancellor Rishi Sunak will unveil the autumn budget, which could see more tax increases for UK consumers

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What you need to know before travelling abroad this autumn

13th October 2021

The removal of the amber travel list, along with the reduction of the number of PCR tests fully vaccinated adults need to take while travelling overseas

The removal of the amber travel list, along with the reduction of the number of PCR tests fully vaccinated adults need to take while travelling overseas

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Dangers of choosing the lowest remortgage rates

13th October 2021

Homeowners looking to remortgage can get rates from as low as 0.51%, however borrowers should be aware that the lowest rates are variable

Homeowners looking to remortgage can get rates from as low as 0.51%, however borrowers should be aware that the lowest rates are variable

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What are the best ISA investment funds in September 2021?

22nd September 2021

This week, it was reported that hopes for a breakthrough in China’s Evergrande debt crisis, which had been rattling global markets, helped the FTSE 100 index to rally and return above the 7,000 threshold

It was reported that hopes for a breakthrough in China’s Evergrande debt crisis helped the FTSE 100 index to rally and return above the 7,000 threshold

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Why don’t the big banks want your cash?

14th October 2021

Despite average rates on easy access savings accounts increasing month-on-month, savers with the biggest four high street banks may still find they are earning just 0.01% AER on their savings

Despite average rates on easy access savings accounts increasing month-on-month, savers with the biggest four high street banks may still find they are earning just 0.01% AER on their savings

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The best savings rates this week 15.10.21

15th October 2021

During the week Cynergy Bank increased the rate and changed the issue number on its easy access savings account, so it now pays the top rate of 0.66% AER in the easy access savings chart

During the week Cynergy Bank increased the rate and changed the issue number on its easy access savings account, so it now pays the top rate of 0.66% AER in the easy access savings chart

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Two and five year mortgage rates hit historic lows

11th May 2020

Although the number of mortgage deals have almost halved since March, the average mortgage rates on two and five-year fixed deals have hit historic lows

Although the number of mortgage deals have almost halved since March, the average mortgage rates on two and five-year fixed deals have hit historic lows

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Our Team of Specialists

Michelle Monck
Consumer Finance Expert
Derin Clark
Online Reporter
Rachel Thrussell
Savings Analytics Manager
Darren Cook
Mortgage Analytics Manager
Rachel Springall
Finance Expert & Press Officer
Finance Expert & Press Officer

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