The Best ISA Rates This Week 12 08 21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 12/08/2021

Rate rises by United Trust Bank on its fixed rate ISAs this week has resulted in its five year ISA topping the five year chart and its three year ISA offering the joint-top three year ISA rate. Meanwhile, OakNorth Bank increased the rate on its one year fixed ISA today, resulting in it offering the joint-top one year ISA rate. Further down the ISA chart, a number of banks and building societies have withdrawn their ISA deals, but this could be due to the autumn ISA season soon approaching and, as a result, may see new higher rates offered instead.

Savers should note that the rates below are the best rates available at 11.30am on Thursday 12 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

1.40%

Go to provider’s site

United Trust Bank

ISA 5 Year Bond

Five years

1.35%

Go to provider’s site

United Trust Bank

OakNorth Bank

ISA 3 Year Bond

Fixed Rate Cash ISA

Three years

36 months

1.10%
 
1.10%

Go to provider’s site
Find out more

Close Brothers Savings

2 Year Fixed Rate Cash ISA

Two years

1.00%

Go to provider’s site

OakNorth Bank

Shawbrook Bank

Fixed Rate Cash ISA
1 Year Fixed Rate Cash ISA Bond Issue 51

12 months

One year

0.74%
 
0.74%

Find out more
 
Find out more

 

United Trust Bank once again topped the ISA chart overall this week with its ISA 7 Year Bond offering 1.40% gross on anniversary. The bank also topped the five year fixed ISA chart this week, paying 1.35% gross on anniversary on its ISA 5 Year Bond. Both these ISAs require a £15,000 minimum deposit to open. They allow earlier access subject to a penalty. Transfers in are accepted. Both ISAs can only be opened by post, but can then be managed online, by post and by phone.
Both United Trust Bank and OakNorth Bank paid the top three year fixed ISA rate this week. United

Trust Bank pays 1.10% gross on anniversary on its ISA 3 Year Bond, which requires a £15,000 minimum deposit to open. Earlier access can be made subject to a penalty and transfers in are accepted. It must be opened by post but can be managed online, by post or by phone. OakNorth Bank pays 1.10% gross monthly on its Fixed Rate Cash ISA. A £1 minimum deposit is needed to open this ISA, which allows earlier access subject to 270 days’ loss of interest. Transfers in from cash ISAs are accepted but the ISA must be funded within 30 days of account approval or the ISA will be closed. It can be opened and managed online and via mobile app.

The top two year fixed ISA rate this week came from Close Brothers Savings, which pays 1.00% gross on anniversary on its 2 Year Fixed Rate Cash ISA. This ISA requires a £10,000 minimum deposit to open. It allows earlier access on closure only and subject to a 150 days’ loss of interest. Transfers in are accepted but transfer instructions must be received within 10 days of account opening. The ISA can only be opened online but can then be managed online, by post and by phone.

OakNorth Bank and Shawbrook Bank topped the one year fixed rate bond chart this week. OakNorth Bank paid the top rate of 0.74% gross monthly on its Fixed Rate Cash ISA. This ISA requires a £1 minimum deposit to open. Earlier access is allowed subject to 90 days’ loss of interest. Transfers in from cash ISAs are accepted but the ISA must be funded within 30 days of account approval or the ISA will be closed. It can be opened and managed online and via mobile app. Shawbrook Bank topped the chart with its 1 Year Fixed Rate Cash ISA Bond Issue 51 paying 0.74% gross on anniversary. To open this ISA a £1,000 minimum deposit is needed. Earlier access is permitted but subject to 90 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 the same gross rate.

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
 
Marcus by Goldman Sachs®

Double Access Cash ISA
Limited Issue Online Access ISA (Issue 36)
 Cash ISA

Instant
 
None
None

0.50%
 
0.50%
0.50% (includes a 0.10% bonus for 12 months)

Find out more
 
Find out more
Find out more

Paragon Bank
 
 
Tesco Bank

Limited Edition Easy Access ISA (Issue 7)
Instant Access Cash ISA

None
 
 
None

0.46%
 
 
0.46% (includes  a 0.36% bonus for 12 months)

Go to provider’s site
 
Find out more

 

The best easy access ISA rate 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 and allows further additions and withdrawals. Transfers in from cash ISAs are accepted but are only permitted on account opening. The ISA can only be opened and managed online, however a Cynergy Bank Authenticator App or Digipass required to use online banking.

Both Leeds Building Society and Marcus by Goldman Sachs® had ISAs paying the second-best easy access ISA rate this week. Leeds Building Society’s Double Access Cash ISA pays 0.50% gross yearly and requires a £5,000 minimum deposit to open. This ISA allows further additions while the issue remains open and withdrawals are restricted to two withdrawals per calendar year, witha 30 day loss of interest on all further withdrawals. Transfers in are accepted. This ISA can be opened and managed in branch and by post. Leeds Building Society also pays 0.50% gross on maturity on its Limited Issue Online Access ISA (Issue 36). To open this ISA a £1,000 minimum deposit is needed. It allows further additions while the issue remains open and unlimited withdrawals. Transfers in are accepted. Savers should be aware that this ISA matures on the 2 October 2022 and then it reverts to an Instant Access Cash ISA maturity account. It can only be opened and managed online. Marcus by Goldman Sachs® pays 0.50% gross monthly, which includes a 0.10% bonus for 12 months, on its Cash ISA. It does not require a deposit to open, but a UK mobile number is needed. Further additions are allowed and withdrawals can be made, both via a nominated account. It does not accept transfers in. The ISA can be opened online or via mobile app and then managed online, by phone and via mobile app.

Paragon Bank and Tesco Bank had the third-best easy access ISA rate this week. Paragon Bank pays 0.46% gross on anniversary on its Limited Edition Easy Access ISA (Issue 7). This ISA requires a £1 minimum deposit to open and allows both further additions and withdrawals via a nominated account. Transfers in are accepted. The ISA can only be opened and managed online. There is also a version of this ISA that pays interest monthly at the same gross rate. Tesco Bank’s Instant Access Cash ISA pays 0.46% gross on anniversary, which includes a 0.36% bonus for 12 months. Further additions are allowed. Withdrawals can only be made as online transfers and there is a maximum withdrawal limit of £10,000 to non-Tesco Bank accounts and a £100,000 limited to Tesco Bank accounts. Transfers in from cash ISAs are accepted. The ISA 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

 

Remaining at the top of the notice ISA chart this week was Aldermore, which pays 0.35% gross on anniversary on its 30 Day Notice Cash ISA Issue 12. This ISA requires a £1,000 minimum deposit to open and allows further additions. Withdrawals can be made subject to 30 days’ notice or earlier access is allowed subject to 30 days’ loss of interest. Transfers in are accepted. It can only be opened and managed online. There is also a version of this ISA that pays interest monthly at the same gross rate.

Buckinghamshire Building Society continued to offer the next best notice ISA rate this week with its 30 Day Cash ISA paying 0.30% gross yearly. To open this ISA a £100 minimum deposit is needed. It allows further additions. Withdrawals are permitted subject to 30 days’ notice, or alternatively earlier access is allowed subject to 30 days’ loss of interest. Transfers in are not accepted. This ISA can be opened and managed in branch or by post. There is a version of this ISA 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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