The Best ISA Rates This Week 07 10 21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 07/10/2021

Both Newcastle Building Society and Scottish Building Society increased the rates on their easy access ISAs this week, resulting in these ISAs joining Coventry Building Society in offering the second-best rate in the easy access ISA chart. There was no change at the top of the fixed rate ISA charts this week. However, further down the chart, Sainsbury’s Bank increased the rates on its one, two and three year fixed ISAs.

Below we’ve highlighted the top rates currently available in our comparison charts, but savers should note that these are the best rates available at 11am on Thursday 7 October 2021 and, although correct at the time of publishing, providers may reduce or withdraw rates at any time. In addition, the rates highlighted are available only to new customers.

The best fixed rate ISA savings rates

Provider Account Term Rate AER  
UBL UK 5 Year Fixed Rate Cash ISA Five years 1.51% Find out more
UBL UK 3 Year Fixed Rate Cash ISA Three years 1.21% Find out more

Castle Trust Bank

Close Brothers Savings

Fixed Rate e-Cash ISA
2 Year Fixed Rate Cash ISA

Two years

Two years

1.10%

1.10%

Find out more

Find out more

Castle Trust Bank Fixed Rate e-Cash ISA One year 0.90% Find out more

 

UBL UK continued to offer the top fixed ISA rate this week, with its 5 Year Fixed Rate Cash ISA paying 1.56% gross on maturity, along with options paying 1.51% gross on anniversary and 1.50% gross quarterly or monthly. UBL UK also topped the three year fixed ISA chart this week with its 3 Year Fixed Rate Cash ISA paying 1.22% gross on maturity, 1.21% gross on anniversary and 1.20% gross quarterly or monthly. All ISAs require a £2,000 minimum deposit to open. They accept transfers in from cash ISAs only. These ISAs 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.

Both Castle Trust Bank and Close Brothers Savings continued to top the two year fixed rate ISA chart this week. Castle Trust Bank’s Fixed Rate e-Cash ISA pays 1.10% gross on maturity or on anniversary. It requires a £1,000 minimum deposit to open. Transfers in from cash ISAs are accepted. This ISA can be opened and managed online and via mobile app. However, new customers must open the account online via a Self Service Portal. Close Brothers Savings pays 1.10% gross on anniversary on its 2 Year Fixed Rate Cash ISA, which requires a £10,000 minimum deposit to open. Transfers in are accepted but transfer instructions must be received within 10 days of account opening. This ISA must be opened online but can then be managed online, by post or by phone.

Castle Trust Bank also topped the one year fixed ISA chart this week, paying 0.90% gross on maturity on its Fixed Rate e-Cash ISA. To open this ISA a £1,000 minimum deposit is needed. It accepts transfers in from cash ISAs. The ISA can be opened and managed online or via mobile app. However, new customers must open the account online via a Self Service Portal.

Compare the best fixed rate ISAs

The best easy access ISA rates

Provider Account Notice Rate AER  

Marcus by Goldman Sachs®

Cynergy Bank

Leeds Building Society

Cash ISA


Online ISA (Issue 16)
Limited Issue Online Access ISA (Issue 38)

None


None

None

0.60% (including a 0.10% bonus for 12 months)
0.60%

0.60%

Go to provider’s site

Find out more

Go to provider’s site

Coventry Building Society
Newcastle Building Society

Scottish Building Society
Scottish Building Society

Limited Access ISA (Online) (2)
Newcastle Monthly Access ISA
Cash ISA

E-ISA

None

Instant


Instant

None

0.55%

0.55%


0.55%

0.55%

Find out more

Find out more


Find out more

Find out more

 

Marcus by Goldman Sachs®, Cynergy Bank and Leeds Building Society topped the easy access ISA chart this week. Marcus by Goldman Sachs® pays 0.60% gross monthly, which includes a 0.10% bonus for 12 months, on its Cash ISA. This ISA does not require a deposit to open, but a UK mobile number is needed. Further additions and withdrawals can be made via a nominated account. Transfers in are not accepted. The ISA can be opened online or via mobile app and then managed online, by phone and via mobile app. Cynergy Bank pays 0.60% gross yearly on its Online ISA (Issue 16), which requires a £1 minimum deposit to open. Further additions and withdrawals can be made. Transfers in from cash ISAs are accepted but transfers in are only permitted on account opening. The ISA must be opened and managed online and a Cynergy Bank Authenticator App or Digipass is required to use online banking. Leeds Building Society pays 0.60% gross on maturity on its Limited Issue Online Access ISA (Issue 38). A £1,000 minimum deposit is needed to open this ISA, which allows further additions while the issue remains open. Withdrawals can be made via a nominated account. Transfers in are accepted. The ISA can only be opened and managed online. On 30 November 2022 the ISA will mature into an Instant Access Cash ISA maturity account.

Four ISAs had the second-best easy access ISA rate this week. Coventry Building Society pays 0.55% gross on anniversary or monthly on its Limited Access ISA (Online) (2), which requires a £1 minimum deposit to open. Further additions can be made. Withdrawals are restricted to six penalty-free withdrawals per annum, all further withdrawals are subject to a 50 days’ loss of interest penalty. Transfers in are accepted but all transferred in funds, except cash ISAs, must be sent by cheque with a transfer history form. The ISA must be opened and managed online. Newcastle Building Society’s Newcastle Monthly Access ISA pays 0.55% gross monthly. A £500 minimum deposit is needed to open this ISA, which allows further additions. Withdrawals are permitted, but a lower rate of 0.10% is paid if more than one withdrawal is made per month. Transfers in are accepted. The ISA can be opened online or in branch and then managed online, in branch, by post and by phone. Scottish Building Society’s Cash ISA and E-ISA both pay 0.55% gross yearly. These ISAs require a £100 minimum deposit to open and allow further additions. Withdrawals can be made. Transfers in are accepted. Cash ISA can be opened in branch or by post and then managed online, in branch and by post. E-ISA can only be opened and managed online.

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 0.55% Find out more
Buckinghamshire Building Society 30 Day Cash ISA 30 days 0.30% Find out more

 

Aldermore continued to pay the top notice ISA rate this week, with its 30 Day Notice Cash ISA Issue 12 paying 0.55% 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 permitted on 30 days’ loss of interest. Transfers in are accepted. This ISA must be opened and managed online.

Buckinghamshire Building Society had the next-best notice ISA rate this week, paying 0.30% gross yearly or monthly on its 30 Day Cash ISA. A £100 minimum deposit is needed to open this ISA. Further additions are allowed. Withdrawals are permitted subject to 30 days’ notice, or earlier access is allowed subject to 30 days’ loss of interest. This 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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Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfacts.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

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