The Best ISA Rates This Week 02.09.21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 02/09/2021

As we move into September a number of banks and building societies have increased the rates on their ISAs. Most notably, Secure Trust Bank increased the rate on its one, two and three year fixed rate ISAs, resulting in all these ISAs now paying top rates in their charts. Tesco Bank also increased the rate on its easy access ISA during the week and now pays the third-best easy access ISA rate as a result.

Savers should note that the rates below are the best rates available at 11am on Thursday 2 September 2021 and, although correct at the time of publishing, providers may reduce or withdraw rates at any time. As well as this, the rates highlighted are only those available to new customers.

The best fixed rate ISA savings rates

 

Provider

Account

Notice

Rate AER

 

United Trust Bank

ISA 7 Year Bond

Seven years

1.50%

Find out more

UBL UK

5 Year Fixed Rate Cash ISA

Five years

1.46%

Find out more

Secure Trust Bank

3 Year Fixed Rate Cash ISA

03.10.24

1.22%

Find out more

OakNorth Bank

Secure Trust Bank

Fixed Rate Cash ISA
2 Year Fixed Rate Cash ISA

24 months
 
03.10.23

1.02%
 
1.02%

Find out more
 
Find out more

Secure Trust Bank

1 Year Fixed Rate Cash ISA

03.10.22

0.81%

Find out more

 

United Trust Bank continued to top the fixed rate ISA chart this week paying 1.50% gross on anniversary on its ISA 7 Year Bond. This ISA requires a £15,000 minimum deposit to open. It allows earlier access subject to an interest-loss penalty and it accepts transfers in. The ISA must be opened by post but can then be managed online, by post and by phone.

The top five year fixed ISA rate this week came from UBL UK, which pays 1.50% gross on maturity on its 5 Year Fixed Rate Cash ISA. There are also versions of this ISA that pay 1.46% gross on anniversary and 1.45% gross quarterly or monthly. The ISA requires a £2,000 minimum deposit to open. It allows earlier access on closure only and subject to 365 days’ loss of interest. The ISA only accepts transfers in from cash ISAs. It can be opened online, in branch, by post or via mobile app and then managed all these ways and by phone.

Secure Trust Bank had the top paying three year fixed ISA rate with its 3 Year Fixed Rate Cash ISA. This ISA pays 1.22% gross yearly until 03.10.2024 and requires a £1,000 minimum deposit to open. Earlier access is permitted on closure only and subject to 210 days’ loss of interest. Transfers in from cash ISAs are accepted. The ISA must be opened online but can then be managed online and by phone.

Both OakNorth Bank and Secure Trust Bank paid the top two year fixed ISA rate this week. OakNorth Bank pays 1.02% gross monthly on its Fixed Rate Cash ISA, which requires a £1 minimum deposit to open. It allows earlier access subject to 180 days’ loss of interest. Transfers in from cash ISAs are accepted but the account must be funded within 30 days of account approval or it will be closed. It can be opened and managed online and via mobile app. Secure Trust Bank pays 1.02% gross yearly until 03.10.2023 on its 2 Year Fixed Rate Cash ISA. A £1,000 minimum deposit is needed to open this ISA. It permits earlier access on closure only and subject to 180 days’ loss of interest. The ISA accepts transfers in from cash ISAs. It can only be opened online but can then be managed online and by phone.

Secure Trust Bank also topped the one year fixed ISA chart this week paying 0.81% gross yearly until 03.10.2022 on its 1 Year Fixed Rate Cash ISA. This ISA requires a £1,000 minimum deposit to open. Earlier access is permitted on closure only and subject to 90 days’ loss of interest. Transfers in from cash ISAs are accepted. It must be opened online and then managed online and by phone.

Compare the best fixed rate ISAs

The best easy access ISA rates

 

Provider

Account

Notice

Rate AER

 

Cynergy Bank

Online ISA (Issue 16)

None

0.60%

Find out more

Paragon Bank

Limited Edition Easy Access ISA (Issue 8)

None

0.55%

Go to provider’s site

Tesco Bank

Instant Access Cash ISA

None

0.51%, (includes a bonus of 0.41% for 12 months)

Find out more

 

The best paying easy access ISA this week came from Cynergy Bank, which pays 0.60% gross yearly on its Online ISA (Issue 16). The ISA requires a £1 minimum deposit to open, along with a Cynergy Bank Authenticator App or Digipass to open and operate the account. It allows further additions and withdrawals can be made. Transfers in are accepted but on account opening only. The ISA must be opened and managed online.

The next-best easy access ISA rate came from Paragon Bank, which pays 0.55% gross on anniversary or monthly on its Limited Edition Easy Access ISA (Issue 8). A £1 minimum deposit is needed to open this ISA and it allows further additions via a nominated account. Withdrawals are permitted. Transfers in are accepted. This ISA can only be opened and managed online.

Tesco Bank had the third-best easy access ISA rate this week paying 0.51% gross on anniversary, which includes a 0.41% bonus for 12 months. This ISA requires a £1 minimum deposit to open. It allows further additions. Withdrawals are restricted to a maximum withdrawal limit of £10,000 to non-Tesco Bank accounts and a maximum £100,000 limit to Tesco Bank accounts. Transfers in from cash ISAs are accepted. It can be opened online or by phone and then managed online, by phone and via mobile app.

Compare the best easy access ISAs

The best notice ISA rates

 

Provider

Account

Notice

Rate AER

 

Aldermore

30 Day Notice Cash ISA Issue 12

30 days

0.35%

Find out more

Buckinghamshire Building Society

30 Day Cash ISA

30 days

0.30%

Find out more

 

Aldermore continued to offer the best paying notice ISA rate this week with its 30 Day Notice Cash ISA Issue 12 paying 0.35% gross on anniversary or monthly. A £1,000 minimum deposit is needed to open this ISA, which allows further additions. Withdrawals can be made subject to 30 days’ notice or earlier access is allowed on 30 days’ loss of interest. It must be opened and managed online.

The second-best notice ISA rate came from Buckinghamshire Building Society, which pays 0.30% gross yearly or monthly on its 30 Day Cash ISA. It requires a £100 minimum deposit to open. Further additions are allowed. Withdrawals are permitted subject to 30 days’ notice or earlier access is allowed subject to 30 days’ loss of interest. It does not accept transfers in. The ISA can be opened and managed in branch and by post.

Compare the best notice ISAs

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