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The best savings rates this week 9.4.21
Derin Clark

Derin Clark

Online Reporter
Published: 09/04/2021

Savers looking for the best rates will once again have to look to the fixed rate bond charts this week, although savers considering locking into a long-term fixed rate bond should be aware that if inflation rises as expected, it could see their savings erode over time. For those looking for an alternative to long-term fixed rate bonds, it is interesting to note that the top rates available in the one year, easy access and notice account charts are similar, so savers may need to look beyond rates to decide which is the best option for them.

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Should you choose an easy access ISA or a fixed rate ISA?

This week saw the start of a new tax year, which means that savers can once again deposit up to £20,000 into an ISA tax-free for the 2021/22 tax year. The renewal of the tax-free ISA allowance means that many savers will be looking at the ISA charts to see what best rates are available to ensure that they earn the best interest possible on their ISA savings. But although rates within the fixed ISA charts regularly beat those being offered in the easy access ISA chart, savers should also think long-term when it comes to their ISA savings and, as a result, a fixed rate ISA may not always be the best option despite offering better rates.

Here we look at the factors savers should consider when choosing an ISA and whether a fixed rate or easy access ISA is the best option.

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The best ISA rates this week 08.04.21

With the start of the new tax year this week, savers will again have a £20,000 tax-free allowance when saving into an ISA. This makes it the perfect time to look at opening a new ISA and savers will be pleased to see that some new rates have entered the charts this week. Savers looking for the best rates should act quickly however, as in the current market top rates have been reaching their funding limit quickly, resulting in some savers missing out as the rate is reduced or withdrawn altogether.

Savers should also note that the rates below are the best rates available at 3pm on Thursday 8 April 2021 and, although correct at the time of publishing, they may not be available after this time.

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The best ISA rates this week 1.04.21

There are now just days left until the end of the 2020/21 tax year, so savers who have yet to use up their tax-free ISA allowance of the tax year need to act quickly to avoid missing out of making full use of the allowance. Although this year’s ISA season has not offered any noticeable chart-topping rates, as the ISAs below highlight there are still many above-average rates available across the ISA charts.

Savers should also note that the rates below are the best rates available at 12pm on Thursday 1 April 2021 and, although correct at the time of publishing, they may not be available after this time.

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Premium bond winners for April 2021 revealed

Two premium bond customers will be starting April £1 million richer as the April premium bond prize draw winners have been announced.

The first £1 million winning premium bond number was 323PN679583, which belongs to a premium bond holder in Cumbria. This bond is part of a £50,000 holding that was purchased in February 2018.

The second winning number was 422PG980526, which belongs to a premium bond holder in Lothian and was purchased in November 2020 as part of a £50,000 holding.

In addition to these winners, a further five premium bond holders won the second-best prize of £100,000 and another nine won £50,000. Meanwhile, in this month’s draw a further 20 premium bond holders won £25,000, 48 won £10,000, and 96 won £5,000. Thousands more received prizes ranging from £25 to £1,000. A total of 3,068,376 premium bond holders won prizes in the April draw.

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Marcus by Goldman Sachs® is set to enter the ISA charts

31st March 2021

Next week Marcus by Goldman Sachs® is set to enter the ISA charts for the first time with an easy access ISA offering a competitive rate of 0.40% AER

Next week Marcus by Goldman Sachs® is set to enter the ISA charts for the first time with an easy access ISA offering a competitive rate of 0.40% AER

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How will the new tax year impact your personal savings allowance?

29th March 2021

Although no changes were made to the personal savings allowance (PSA) threshold during the spring budget earlier this month, savers with high deposits still need to ensure that when the new tax year starts, they do not fall foul of the taxman

Although no changes were made to the personal savings allowance (PSA) threshold during the spring budget

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Would you be better off with a stocks and shares ISA over cash ISA?

29th March 2021

With just a week left for savers to use up the 2020/21 ISA allowance, time is running out for savers to make the most of their £20,000 tax-free limit

With just a week left for savers to use up the 2020/21 ISA allowance, time is running out for savers to make the most of their £20,000 tax-free limit

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The best savings rates this week 26.03.21

26th March 2021

This week it was revealed that the Consumer Price Index (CPI) fell to 0.4% during February, which provides some relief for savers as it resulted in an increase in accounts able to match or beat inflation

This week it was revealed that the Consumer Price Index (CPI) fell to 0.4% during February, which provides some relief for savers as it resulted in an increase in accounts able to match or beat inflation

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Most Popular Savings News

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Premium bond winners for April 2021 revealed

1st April 2021

Two premium bond customers will be starting April £1 million richer as the April premium bond prize draw winners have been announced

Two premium bond customers will be starting April £1 million richer as the April premium bond prize draw winners have been announced

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How will the new tax year impact your personal savings allowance?

29th March 2021

Although no changes were made to the personal savings allowance (PSA) threshold during the spring budget earlier this month, savers with high deposits still need to ensure that when the new tax year starts, they do not fall foul of the taxman

Although no changes were made to the personal savings allowance (PSA) threshold during the spring budget

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Would you be better off with a stocks and shares ISA over cash ISA?

29th March 2021

With just a week left for savers to use up the 2020/21 ISA allowance, time is running out for savers to make the most of their £20,000 tax-free limit

With just a week left for savers to use up the 2020/21 ISA allowance, time is running out for savers to make the most of their £20,000 tax-free limit

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The best ISA rates this week 1.04.21

1st April 2021

There are now just days left until the end of the 2020/21 tax year, so savers who have yet to use up their tax-free ISA allowance of the tax year need to act quickly to avoid missing out of making full use of the allowance

There are now just days left until the end of the 2020/21 tax year, so savers who have yet to use up their tax-free ISA allowance

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