Last updated: 19 March 2024 at 10:35
Activity in the one-year ISA market as Nationwide BS and OakNorth Bank make increases.
High street brand, Nationwide BS, improved its position on our one-year fixed ISA chart this morning after increasing its 1 Year Fixed Rate ISA to pay 4.50% AER on anniversary.
However, it should be noted challenger banks continue to provide some of the most competitive rates. OakNorth Bank, for instance, now jointly offers the second-best one-year fixed ISA rate following an increase to its 12 Month Fixed Rate Cash ISA. It joins Kent Reliance’s Cash ISA 1 Year Fixed Rate – Issue 93 in paying 5.07% AER.
Nevertheless, Virgin Money still convincingly leads this corner of the ISA market, paying 5.25% AER with its 1 Year Fixed Rate Cash ISA Exclusive Issue 11.