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The ISA pays 1%, matching the market-leading rates of other restriction-free easy access ISAs.
Nationwide BS launched a new issue of its 1 Year Triple Access Online ISA today, offering a rate of 1%. It means this offer matches the market-leading rate from Marcus by Goldman Sachs®, SAGA, and Al Rayan Bank on our easy access ISA charts.
“Our new Triple Access Online ISA will offer a market-leading rate from a brand savers know and trust,” said Tom Riley, Director of Banking and Savings at Nationwide Building Society.
In March, Nationwide BS increased the rate on this product from 0.25% to 0.70%, but it was still some way behind the market-leading rate at the time.
The 1 Year Triple Access Online ISA’s rate improved to 0.80% in April before the increase today.
While this offer matches the other restriction-free easy access ISAs on the market, its rate is beaten by Bath BS’s and Suffolk Building Society’s restricted offers ISAs.
Bath BS’s Instant ISA pays a rate of 1.09% but it is only available to existing members and those who can prove they either live, work, or study in Bath.
Suffolk Building Society’s Stepping Stone ISA, which pays a rate of 1.30%, has similar restrictions. It is only available to existing members, those aged between 16 and 20, and living in certain postcode areas.
While this account acts like an easy access account by providing savers with instant access to their funds, it does limit its users to three withdrawals during the one-year term.
If this limit is exceeded, the interest rate will revert to a rate of 0.10% for the remainder of the term.
There is just a £1 minimum opening deposit for this offer, and it can be opened online or via the building society’s app. Managing the account can be done by the same means.
The offer also accepts transfers in from other ISAs you might hold and it benefits from being a flexible ISA. This means savers can withdraw and replace money from this account within the same tax year without it contributing to their annual ISA allowance.
Once the one year term is over, this ISA will revert into a Triple Access Online ISA.
To see how this offer compares against Marcus by Goldman Sachs®, SAGA, and Al Rayan Bank, read our latest ISA round-up.
Alternatively, for a more in-depth comparison of all ISA products on the market, visit our charts.
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The Bank of England has today increased base rate by 0.25%, up from 0.75% to 1.00%. The decision to increase base rate will be disappointing news to consumers who are already facing a cost of living crisis, with further rises anticipated over the next 12 months. Borrowers sitting on a variable rate may want to lock into a competitive fixed rate mortgage deal to protect themselves from rising interest rates, perhaps sooner rather than later as fixed rates rise, with the average two-year fixed rate surpassing 3.00%.
The Bank of England has today increased base rate by 0.25%, up from 0.75% to 1.00%.
After a lengthy absence, ISA season is back around the end of a tax-year with the market seeing the highest uplift in average rates month-on-month in a decade. Those savers who are comparing deals to utilise their 2022/23 allowance will find much better rates on average compared to a month ago, both for variable and fixed ISAs, according to the latest Moneyfacts Savings Treasury Report.
After a lengthy absence, ISA season is back around the end of a tax-year with the market seeing the highest uplift in average rates month-on-month in a decade.
Shawbrook Bank’s Easy Access Cash ISA - Issue 20 and Aldermore’s 30 Day Notice Cash ISA Issue 12 are no longer available to new customers. Both these withdrawals mean savers looking for the best easy access or notice ISA ahead of the end of the tax year will have to settle for a lower rate. The market-leading rates for easy access and notice accounts are offered by Paragon Bank, Ecology Building Society, and Melton BS. At a rate of 0.80%, these offers would have sat behind the 30 Day Notice Cash ISA Issue 12 by 0.10% and the Easy Access Cash ISA - Issue 20 by 0.05%.
Shawbrook Bank’s Easy Access Cash ISA - Issue 20 and Aldermore’s 30 Day Notice Cash ISA Issue 12 are no longer available to new customers.
The Bank of England has today increased base rate by 0.25%, up from 0.75% to 1.00%. The decision to increase base rate will be disappointing news to consumers who are already facing a cost of living crisis, with further rises anticipated over the next 12 months. Borrowers sitting on a variable rate may want to lock into a competitive fixed rate mortgage deal to protect themselves from rising interest rates, perhaps sooner rather than later as fixed rates rise, with the average two-year fixed rate surpassing 3.00%.
The Bank of England has today increased base rate by 0.25%, up from 0.75% to 1.00%.
After a lengthy absence, ISA season is back around the end of a tax-year with the market seeing the highest uplift in average rates month-on-month in a decade. Those savers who are comparing deals to utilise their 2022/23 allowance will find much better rates on average compared to a month ago, both for variable and fixed ISAs, according to the latest Moneyfacts Savings Treasury Report.
After a lengthy absence, ISA season is back around the end of a tax-year with the market seeing the highest uplift in average rates month-on-month in a decade.
Shawbrook Bank’s Easy Access Cash ISA - Issue 20 and Aldermore’s 30 Day Notice Cash ISA Issue 12 are no longer available to new customers. Both these withdrawals mean savers looking for the best easy access or notice ISA ahead of the end of the tax year will have to settle for a lower rate. The market-leading rates for easy access and notice accounts are offered by Paragon Bank, Ecology Building Society, and Melton BS. At a rate of 0.80%, these offers would have sat behind the 30 Day Notice Cash ISA Issue 12 by 0.10% and the Easy Access Cash ISA - Issue 20 by 0.05%.
Shawbrook Bank’s Easy Access Cash ISA - Issue 20 and Aldermore’s 30 Day Notice Cash ISA Issue 12 are no longer available to new customers.
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