The Best ISA Rates This Week 05 08 21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 05/08/2021

Although the top ISA rates have remained the same this week, rate rises has resulted in savers having more choice of top-paying fixed rate ISAs this week. Both OakNorth Bank and Shawbrook Bank have increased some of their ISA rates, with OakNorth Bank now topping the two year and jointly topping the three year fixed ISA charts and Shawbrook Bank topping the one year fixed ISA chart.

Savers should note that the rates below are the best rates available at 12pm on Thursday 5 August 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

1.35%

Go to provider’s site

UBL UK

5 Year Fixed Rate Cash ISA

Five years

1.31%

Find out more

OakNorth Bank
 
UBL UK

Fixed Rate Cash ISA
3 Year Fixed Rate Cash ISA

36 months
 
Three years

1.06%
 
1.06%

Find out more
 
Find out more

OakNorth Bank

Fixed Rate Cash ISA

24 months

0.95%

Find out more

Shawbrook Bank

1 Year Fixed Rate Cash ISA Bond Issue 51

One year

0.74%

Find out more

 

Remaining at the top of the fixed rate ISA chart this week was United Trust Bank with its ISA 7 Year Bond paying 1.35% gross on anniversary. This ISA requires a £15,000 minimum deposit to open. It allows earlier access subject to a penalty. Transfers in are accepted. The ISA must be opened by post but can then be managed online, by post and by phone.

The top paying five year fixed rate ISA this week came from UBL UK which pays 1.34% gross on maturity on its 5 Year Fixed Rate Cash ISA. There are also versions of this ISA that pay 1.31% gross on anniversary and 1.30% gross quarterly and monthly. All options require a £2,000 minimum deposit to open. They allow earlier access on closure only and subject to 365 days’ loss of interest. Transfers in from Cash ISAs are accepted. The ISA can be opened online, in branch, by post or via mobile app and then managed online, in branch, by post, by phone and via mobile app.

Two ISAs had the top-paying rate in the three year fixed ISA chart this week. OakNorth Bank pays 1.06% gross monthly on its Fixed Rate Cash ISA, which requires a £1 minimum deposit to open. Earlier access is permitted subject to 270 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. The ISA can be opened and managed online and via mobile app. UBL UK’s 3 Year Fixed Rate Cash ISA pays 1.06% gross on anniversary and quarterly, as well as a slightly higher rate of 1.07% gross on maturity and a lower rate of 1.05% gross monthly. All options require a £2,000 minimum deposit to open. They allow earlier access on closure only and subject to 270 days’ loss of interest. The ISA can be opened online, in branch, by post or via mobile app and then managed online, in branch, by post, by phone and via mobile app.

OakNorth Bank topped the two year fixed rate ISA chart this week. OakNorth Bank pays 0.95% gross monthly on its Fixed Rate Cash ISA, which requires a £1 minimum deposit to open. This ISA 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 or via mobile app.

The top-paying one year fixed ISA rate this week came from Shawbrook Bank which pays 0.74% gross on anniversary on its 1 Year Fixed Rate Cash ISA Bond Issue 51. It requires a £1,000 minimum deposit to open. This ISA allows earlier access subject to 90 days’ loss of interest. Transfers in are accepted. The ISA must be opened online but can then be managed online or by phone.

Compare the best fixed rate ISAs

The best easy access ISA rates

 

Provider

Account

Notice

Rate AER

 

Cynergy Bank

Online ISA (Issue 14)

None

0.54%

Find out more

Leeds Building Society

Limited Issue Online Access ISA (Issue 35)

None

0.50%

Go to provider’s site

Leeds Building Society

Double Access Cash ISA

Instant

0.50%

Find out more

Marcus by Goldman Sachs®

Cash ISA

None

0.50%, includes a 0.10% bonus for 12 months

Find out more

 

The top-paying easy access ISA this week came from Cynergy Bank which pays 0.54% gross yearly on its Online ISA (Issue 14). This ISA requires a £1 minimum deposit to open. It allows further additions and withdrawals. Transfers in from Cash ISAs are only accepted on account opening. The ISA must be opened and managed online.

Leeds Building Society and Marcus by Goldman Sachs® both pay the next best easy access ISA rates this week. Leeds Building Society pays 0.50% gross on maturity on its Limited Issue Online Access ISA (Issue 35), which requires a £1,000 minimum deposit to open. This ISA, which matures on the 31 August 2022 and then reverts to an Instant Access Cash ISA maturity account, allows further additions and withdrawals. Transfers in are accepted. It can only be opened and managed online. Leeds Building Society also pays 0.50% gross yearly on its Double Access Cash ISA, which requires a £5,000 minimum deposit to open. It allows further additions but withdrawals are restricted to two withdrawals per calendar year, there is then a 30 day loss of interest on all further withdrawals. The ISA accepts transfers in. It can be opened and managed in branch or by post.

Marcus by Goldman Sachs® pays 0.50%, which includes a 0.10% bonus for 12 months, gross monthly on its Cash ISA. A deposit is not needed to open this ISA but a UK mobile number is required. It allows further additions and withdrawals can be made via a nominated account. The ISA does not accept transfers in. It can be opened online or via mobile app 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 once again had the top-paying notice ISA this week with its 30 Day Notice Cash ISA Issue 12 paying 0.35% gross on anniversary or monthly. This ISA requires a £1,000 minimum deposit to open. Further additions are allowed. Withdrawals can be made subject to 30 days’ notice or earlier access is permitted subject to 30 days’ loss of interest. Transfers in are accepted. This ISA must be opened and managed online.

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

Compare the best notice ISAs

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