The best ISA rates this week 10 06 21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 10/06/2021

Over the last few weeks, the savings charts have started to pick up from a year of falling rates that saw ISAs offering some of the lowest rates on record. Although this will be welcome news to savers, the charts remain very volatile, so savers would be wise to act quickly to avoid missing out on the best rates.

Savers should note that the rates below are the best rates available at 1pm on Thursday 10 June 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.

An alternative to a cash ISA

An alternative to a cash ISA could be a stocks and shares ISA, which offers the same tax-free allowance, although savers should be aware these are a much riskier option and are normally only suited to long-term investors. More information about this type of investment can be found on our stocks and shares ISA page.

The best fixed rate ISA savings rates

 

Provider

Account

Notice

Rate AER

 

Shawbrook Bank

7 Year Fixed Rate Cash ISA Bond Issue 3

Seven years

1.25%

Find out more

UBL UK

5 Year Fixed Rate Cash ISA

Five years

1.21%

Find out more

UBL UK

3 Year Fixed Rate Cash ISA

Three years

0.96%

Find out more

UBL UK

2 Year Fixed Rate Cash ISA

Two years

0.81%

Find out more

Shawbrook Bank

1 Year Fixed Rate Cash ISA Bond Issue 48

One year

0.56%

Find out more

 

Shawbrook Bank remained at the top of the ISA chart overall this week paying 1.25% gross on anniversary on its 7 Year Fixed Rate Cash ISA Bond Issue 3. This ISA requires a £1,000 minimum deposit to open. It permits earlier access subject to 360 days’ loss of interest. Transfers in are accepted. The ISA must be opened online but can then be managed online and by phone. There is a version of this ISA that pays interest monthly at a slightly lower gross rate of 1.24%.

Topping the five, three and two year ISA chart this week was UBL UK. Its 5 Year Fixed Rate Cash ISA pays 1.24% gross on maturity, 1.21% gross on anniversary, and 1.20% gross quarterly and monthly. Meanwhile, its 3 Year Fixed Rate Cash ISA pays 0.97% gross on maturity, 0.96% gross on anniversary, quarterly, and monthly; and its 2 Year Fixed Rate Cash ISA pays 0.81% gross on maturity, on anniversary and monthly. All options require a £2,000 minimum deposit to open. Earlier access is permitted subject to 180 days’ loss of interest on the two-year option, 270 days’ loss of interest on the three-year version and 365 days’ loss of interest on the five-year option. Transfers in are accepted. These ISAs can be opened online, in branch, by post or via mobile app. They can then be managed online, in branch, by post, by phone and via mobile app.

The top-paying one year fixed ISA rate this week came from Shawbrook Bank with its 1 Year Fixed Rate Cash ISA Bond Issue 48 paying 0.56% gross on anniversary. To open this ISA, a £1,000 minimum deposit is needed. It allows earlier access subject to 90 days’ loss of interest. Transfers in are accepted. The ISA can only be opened online but can then be managed online and by phone. There is also a version of this ISA that pays interest monthly at the same gross rate.

Compare the best fixed rate ISAs

The best easy access rates

 

Provider

Account

Notice

Rate AER

 

Cynergy Bank

Online ISA (Issue 13)

None

0.47%

Find out more

Charter Savings Bank

Easy Access Cash ISA - Issue 21

None

0.45%

Find out more

Yorkshire Building Society

Annual Access Account ISA Issue 4

Instant

0.45%

Find out more

 

The top easy access ISA rate came from Cynergy Bank this week with its Online ISA (Issue 13) paying 0.47% gross yearly. This ISA requires a minimum deposit of £1 to open and a Cynergy Bank Authenticator App or Digipass is needed to open and operate the account. It allows further additions and withdrawals. Transfers in from cash ISAs are accepted on account opening only. The ISA can only be opened and managed online.

Both Charter Savings Bank and Yorkshire Building Society continued to offer the next-best rate. Charter Savings Bank’s Easy Access Cash ISA – Issue 21 pays 0.45% gross on anniversary and requires a £5,000 minimum deposit to open. This ISA allows both further additions and withdrawals via a nominated account. Transfers in are accepted. It must be opened and managed online. There is also a version of this ISA that pays interest monthly at the same gross rate.

Annual Access Account ISA Issue 4 from Yorkshire Building Society pays 0.45% gross on anniversary. This ISA requires a £100 minimum deposit to open and allows further additions, all of which must be new money to the building society. Withdrawals are restricted to one withdrawal day per anniversary year. This ISA accepts transfers in. It can be opened in branch or by post and then managed online, in branch and by post. Savers should be aware that after 12 months, it reverts to an Easy ISA. This ISA also has the benefit of flexible ISA status, allowing money to be withdrawn and replaced in the same tax year without it counting any further towards your annual ISA allowance.

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

 

The top notice ISA this week without any opening restrictions once again came from Aldermore, which pays 0.35% gross on anniversary on its 30 Day Notice Cash ISA Issue 12. To open this ISA, a minimum deposit of £1,000 is needed. Further additions can be made. Withdrawals are permitted subject to 30 days’ notice; alternatively earlier access is allowed subject to 30 days’ loss of interest. It accepts transfers in. This ISA must be opened and managed online. There is also a version of the ISA that pays interest monthly at the same gross rate. This ISA also has the benefit of flexible ISA status, allowing money to be withdrawn and replaced in the same tax year without it counting any further towards your annual ISA allowance.

Buckinghamshire Building Society had the next-best notice ISA rate. Its 30 Day Cash ISA pays 0.30% gross yearly and requires a £100 minimum deposit to open. The ISA allows further additions. Withdrawals can be made subject to 30 days’ notice. Earlier access is permitted if notice is not given but is subject to 30 days’ loss of interest. This ISA does not accept transfers in. It can be both opened and managed in branch and by post. It also offers a version that pays interest monthly at the same gross rate.

Compare the best notice ISAs

Disclaimer

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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