The Best ISA Rates This Week 1.04.21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 01/04/2021

There are now just days left until the end of the 2020/21 tax year, so savers who have yet to use up their tax-free ISA allowance of the tax year need to act quickly to avoid missing out of making full use of the allowance. Although this year’s ISA season has not offered any noticeable chart-topping rates, as the ISAs below highlight there are still many above-average rates available across the ISA charts.

Savers should also note that the rates below are the best rates available at 12pm on Thursday 1 April 2021 and, although correct at the time of publishing, they may not be available after this time.

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  
United Trust Bank ISA 7 Year Bond Seven years 1.10% Find out more

Gatehouse Bank


Skipton Building Society

5 Year Fixed Term Green Cash ISA
5 Year Fixed Rate ISA Issue 148
5 Year Online Fixed Rate ISA Issue 148

Five years


Five years

Five years

1.00% (expected profit rate)

1.00%

1.00%

Find out more


Find out more

Find out more

Ford Money

Leeds Building Society
Skipton Building Society

 

State Bank of India
West Brom Building Society

Fixed Cash ISA 3 Year
3 Year Fixed Rate ISA (Issue 103)
3 Year Fixed Rate ISA Issue 148
3 Year Online Fixed Rate ISA Issue 148
3 Year Cash ISA Fixed Deposit
3 Year Fixed Rate ISA

Three years

Three years

Three years

Three years


Three years

05.04.24

0.65%

0.65%

0.65%

0.65%


0.65%

0.65%

Find out more

Find out more

Find out more

Find out more


Find out more

Find out more

State Bank of India 2 Year Cash ISA Fixed Deposit Two years 0.65% Find out more
Monmouthshire Building Society 1 Year Fixed Rate Cash ISA – Issue 13 One year 0.49% Find out more

 

This week United Trust Bank topped the fixed rate ISA chart overall with its ISA 7 Year Bond paying 1.10% gross on anniversary. This ISA requires a £15,000 minimum deposit to open. Earlier access is permitted but 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.

Three ISAs paid the top five year fixed ISA rate this week. Gatehouse Bank pays an expected profit rate of 1.00% gross on anniversary on its 5 Year Fixed Term Green Cash ISA, which requires a £1,000 minimum deposit to open. This ISA allows earlier access subject to 365 days’ loss of interest. Transfers in are accepted. The ISA benefits from the incentive of Gatehouse Bank planting a tree in a UK woodland when an account is opened and funded, and the trees are planted in UK woodland projects certified by the UK Government’s Woodland Carbon Code. The ISA can only be opened and managed online. Skipton Building Society pays 1.00% gross on anniversary on both its 5 Year Fixed Rate ISA Issue 148 and its 5 Year Online Fixed Rate ISA Issue 148. Both these ISAs require a £500 minimum deposit to open. Earlier access is permitted on closure only and subject to 365 days’ loss of interest. Transfers in are accepted until 12 April 2021. 5 Year Fixed Rate ISA Issue 148 can be opened and managed in branch, by post and by phone, meanwhile the online version can only be opened and managed online. There is a version of both these ISAs that pay interest monthly at the same gross rate.

Six ISAs pay the top rate in the three year fixed rate ISA chart this week. Ford Money pays 0.65% gross on anniversary on its Fixed Cash ISA 3 Year, which require a £500 minimum deposit to open. This ISA allows earlier access subject to 270 days loss of interest. Transfers in are accepted. The ISA can be opened online or by phone but must be managed online. Leeds Building Society pays 0.65% gross yearly on its 3 Year Fixed Rate ISA (Issue 103). The ISA requires a £100 minimum deposit to open. It allows earlier access subject to 240 days’ loss of interest. Transfers in are accepted. It can be opened online, in branch or by post and then managed in branch or by post. Skipton Building Society pays 0.65% gross on anniversary on both its 3 Year Fixed Rate ISA Issue 148 and its 3 Year Online Fixed Rate ISA Issue 148. Both ISAs require a £500 minimum deposit to open. They permit earlier access on closure only subject to 240 days loss of interest. The ISAs accept transfers in until the 12 April 2021. The 3 Year Fixed Rate ISA Issue 148 can be opened and managed in branch, by post and by phone, while the online version must be opened and managed online. There are versions of both these ISAs that pay interest monthly at the same gross rate. State Bank of India pays 0.65% gross on maturity on its 3 Year Cash ISA Fixed Deposit which requires a £5,000 minimum deposit to open. A new Current or Savings Account is needed to open this ISA. This ISA allows earlier access on closure only on 30 days’ notice, no interest is paid if the account is closed before the first anniversary, there is a 1% loss of interest if the ISA is closed after the first anniversary. It accepts transfers in from cash ISAs. The ISA must be opened and managed in branch. West Brom Building Society pays 0.65% gross yearly on its 3 Year Fixed Rate ISA, which can be opened with a £1,000 minimum deposit. The ISA allows earlier access subject to 120 days’ notice or loss of interest. Transfers in are accepted. The ISA must be opened and managed in branch.

The top two year fixed ISA rate this week came from State Bank of India which pays 0.65% gross on maturity on its 2 Year Cash ISA Fixed Deposit. This ISA requires a £5,000 minimum deposit to open. A new Current or Savings Account is needed to open this ISA. Earlier access is permitted on closure only on 30 days’ notice, no interest is paid if the account is closed before the first anniversary, while there is a 1% loss of interest if it is closed after the first anniversary. Transfers in from cash ISAs are accepted. The ISA can be opened and managed online, in branch or by post.

Monmouthshire Building Society topped the one year fixed ISA chart this week paying 0.49% gross on maturity on its 1 Year Fixed Rate Cash ISA – Issue 13. This ISA requires a £3,000 minimum deposit to open. Savers should also be aware that it is restricted to those living in England and Wales. It allows earlier access on closure only subject to 90 days’ loss of interest. Transfers in from cash ISAs are accepted. The ISA must be opened in branch but can then be managed online, in branch and by post.

Compare the best fixed rate ISAs

The best easy access ISA rates

Provider Account Notice Rate AER  
Yorkshire Building Society Annual Access Account ISA Issue 4 Instant 0.45% Find out more
Nationwide Building Society 1 Year Triple Access Online ISA 10 None 0.40% Go to provider’s site
Paragon Bank Triple Access ISA (Issue 3) None 0.40% Go to provider’s site
Leeds Building Society Defined Access ISA Instant 0.40% Find out more
Marsden Building Society Branch Cash ISA (Issue 5) Instant 0.40% Find out more
Yorkshire Building Society Six Access e-Saver ISA Issue 5 None 0.40% Find out more

 

Topping the easy access ISA chart this week was Yorkshire Building Society, which pays 0.45% gross on anniversary on its Annual Access Account ISA Issue 4. This ISA requires a £100 minimum deposit to open and the money must be new to the building society. It allows further additions, while withdrawals are restricted to one withdrawal day per account year. Transfers in are accepted. The ISA can be opened in branch or by post and then managed online, in branch or by post.

Five ISAs without location opening restrictions offered the next best easy access ISA rate this week. Nationwide Building Society pays 0.40% gross on anniversary on its 1 Year Triple Access Online ISA 10, which requires a £1 minimum deposit to open. Savers should be aware that this ISA reverts to a Triple Access Online ISA after 12 months. It allows further additions. Withdrawals can be made but a lower rate is paid for the remainder of the term if more than three withdrawals are made per annum. Transfers in are accepted. The ISA can be opened and managed online and via mobile app.

Paragon Bank pays 0.40% gross on anniversary on its Triple Access ISA (Issue 3). To open this ISA a £1 minimum deposit is needed. It allows further additions. Withdrawals are permitted but a lower rate is paid if more than three withdrawals are made in a 12 month period. The ISA accepts transfers in. It must be opened and managed online. There is also a version of this ISA that pays interest monthly at the same gross rate.

Leeds Building Society’s Defined Access ISA pays 0.40% gross yearly on a minimum opening deposit of £5,000. The ISA allows further additions. Withdrawals are restricted to four per calendar year, then 30 days’ loss of interest on all withdrawals thereafter. Transfers in are accepted. The ISA can be opened and managed in branch and by post.

Marsden Building Society pays 0.40% gross yearly on its Branch Cash ISA (Issue 5), which requires a £25 minimum deposit to open. Further additions and withdrawals are allowed. The ISA accepts transfers in from cash ISAs. It must be opened and managed in branch.

Yorkshire Building Society’s Six Access e-Saver ISA Issue 5 pays 0.40% gross yearly on deposits at £10,000, a higher rate of 0.45% is paid on deposits of £50,000, while a lower rate of 0.25% is paid on deposits of £1,000 and 0.15% on deposits of £1. The ISA allows further additions. Withdrawals are restricted to up to six withdrawal days per anniversary year. Transfers in are accepted. The ISA can be opened and managed online.

Compare the best easy access ISAs

The best notice ISA rates

Provider Account Notice Rate AER  
Marsden Building Society Branch Cash ISA 95 (Issue 2) 95 days 0.55% Find out more
Buckinghamshire Building Society 30 Day Cash ISA 30 days 0.30% Find out more

 

Marsden Building Society topped the notice ISA chart again this week paying 0.55% gross yearly on its Branch Cash ISA 95 (Issue 2). This ISA pays a higher rate of 0.65% on deposits of £25,000 and a lower rate of 0.45% on deposits of £1,000. Further additions are allowed. Withdrawals are permitted subject to 95 days’ notice, or if notice is not given, earlier access is allowed on closure only on 95 days’ loss of interest. Transfers in from cash ISAs are accepted. The ISA must be opened and managed in branch.

The next best notice ISA rate without opening restrictions came from Buckinghamshire Building Society, which pays 0.30% gross yearly on its 30 Day Cash ISA. This ISA requires a £100 minimum deposit to open. Further additions are allowed. Withdrawals can be made subject to 30 days’ notice, alternatively earlier access is permitted subject to 30 days’ loss of interest. The ISA does not permit transfers in. It can be opened and managed in branch and by post. There is a version of this ISA that pays interest monthly at the same gross rate.

Compare the best notice ISAs

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