The Best ISA Rates This Week 14.01.21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 14/01/2021

There was little change at the top of the ISA charts this week, with many of last week’s top rates still available in the charts. With the continued economic uncertainty, it is unlikely that ISA rates will see significant improvement over the next few weeks, but ISA savers should regularly check the charts in case a new top rate is launched.

Savers should be aware that the rates below are the best rates available at 1pm on Thursday 14 January 2021 and, although correct at the time of publishing, they may not be available after this time.

The best fixed rate ISA savings rates

Provider Account Term Rate AER
Shawbrook Bank 7 Year Fixed Rate Cash ISA Bond Issue 3 Seven years 1.25%
UBL UK 5 Year Fixed Rate Cash ISA Five years 1.15%

Close Brothers Savings

Family Building Society
Shawbrook Bank

West Brom Building Society

3 Year Fixed Rate Cash ISA
3 Year Fixed Rate Cash ISA (11)
3 Year Fixed Rate Cash ISA Bond Issue 24
3 Year Fixed Rate ISA

Three years

Three years

Three years

Three years

0.75%

0.75%

0.75%

0.75%

Marsden Building Society Fixed Rate Cash ISA (Issue 132) 28.02.23 0.80%
Al Rayan Bank Fixed Term Deposit Cash ISA 12 month bond 0.65% (expected profit rate)

 

Topping the fixed rate ISA chart this week was Shawbrook Bank, which pays 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 and accepts transfers in. It must be opened online but can be managed online and by phone. There is also a version of this ISA that pays interest monthly at a slightly lower gross rate.

UBL UK topped the five year fixed rate ISA chart this week with its 5 Year Fixed Rate Cash ISA paying 1.18% gross on maturity, as well as versions of this ISA that pay 1.15% gross on anniversary or quarterly and 1.14% gross monthly. All versions require a £2,000 minimum deposit to open. They accept transfers in from cash ISAs. This ISA can be opened via branch or by post but must then be managed by post.

Four ISAs had the best-paying three year fixed ISA rate this week. Close Brothers Savings pays 0.75% gross on anniversary on its 3 Year Fixed Rate Cash ISA. A £10,000 minimum deposit is needed to open this ISA. It accepts transfers in but transfer instructions must be received within 10 days of account opening. It can be opened online or by post and then managed online, by post and by phone. Family Building Society pays 0.75% gross yearly on its 3 Year Fixed Rate Cash ISA (11). This ISA is only available to existing members who have had a Family Building Society ISA for at least two months. It requires a £1,000 minimum deposit to open and accepts transfers in from cash ISAs. The ISA can be opened in branch or by post and then managed online, in branch, by post and by phone. Shawbrook Bank’s 3 Year Fixed Rate Cash ISA Bond Issue 24 pays 0.75% gross on anniversary and requires a £1,000 minimum deposit to open. Transfers in are accepted and it must be opened online but can then be managed online and by phone. West Brom Building Society pays 0.75% gross yearly on its 3 Year Fixed Rate ISA, which requires a £1,000 minimum deposit to open. Transfers in are accepted. This ISA must be opened and managed in branch.

Remaining at the top of the two year fixed ISA chart this week was Marsden Building Society, which pays 0.80% gross yearly on its Fixed Rate Cash ISA (Issue 132). This ISA is only available to existing members and/or those living within certain postcodes. It requires a £5,000 minimum deposit to open. Transfers in are accepted but must be received within 30 days of account opening. It can only be opened and managed in branch.

The top one year fixed ISA rate this week came from Al Rayan Bank, which pays an expected profit rate of 0.65% gross quarterly on its Fixed Term Deposit Cash ISA. To open this ISA, a £1,000 minimum deposit is needed. Transfers in are accepted for up to 30 days from account opening. It can be opened online, in branch, by phone or via mobile app and then managed online, in branch, by post, by phone, and via mobile app.

Compare the best notice accounts

The best easy access ISA rates

Provider Account Notice Rate AER
Al Rayan Bank Instant Access Cash ISA (Issue 2) Instant 0.60% (expected profit rate)
Earl Shilton Building Society Instant Access Cash ISA Instant 0.60%
Charter Savings Bank Easy Access Cash ISA – Issue 19 None 0.56%

 

There was no change at the top of the easy access ISA chart this week, with both Al Rayan Bank and Earl Shilton Building Society paying the top rate. Al Rayan Bank pays an expected profit rate of 0.60% gross monthly on its Instant Access Cash ISA (Issue 2), which requires a £50 minimum deposit to open. It allows further additions and withdrawals are allowed. Transfers in are accepted. This ISA can be both opened and managed online, in branch, by post, by phone and via mobile app.

Earl Shilton Building Society’s Instant Access Cash ISA pays 0.60% gross yearly but is only available to existing members and/or those living within certain postcodes. It requires a £10 minimum deposit to open. Further additions and withdrawals are permitted. Transfers in are not accepted. It can be both opened and managed in branch and by post.

The second-best easy access ISA rate came from Charter Savings Bank, which pays 0.56% gross on anniversary or monthly on its Easy Access Cash ISA – Issue 19. This ISA requires a £5,000 minimum deposit to open and allows further additions and withdrawals. Transfers in are accepted. The ISA can only be opened and managed online.

Compare the best easy access ISAs

The best notice ISA rates

Provider Account Notice Rate AER
Earl Shilton Building Society 90 Days Notice Cash ISA 90 days 0.75%
Aldermore 30 Day Notice Cash ISA Issue 10 30 days 0.55%
Marsden Building Society Branch Cash ISA 95 (Issue 2) 95 days 0.55%

 

The best notice ISA rate once again came from Earl Shilton Building Society this week, which pays 0.75% gross yearly on a £10 minimum opening deposit. This ISA is only available to existing members and/or those living within certain postcodes. It allows further additions. Withdrawals can be made subject to 90 days’ notice, or if notice is not given, earlier access is permitted subject to 90 days’ loss of interest. Transfers in are not permitted. This ISA can be both opened and managed in branch and by post.

Two ISAs paid the second-best notice ISA rate this week. Aldermore pays 0.55% gross on anniversary or monthly on its 30 Day Notice Cash ISA Issue 10, which requires a £1,000 minimum deposit to open. This ISA allows further additions and withdrawals can be made subject to 30 days’ notice. If notice is not given, earlier access is permitted subject to 30 days’ loss of interest. Transfers in are accepted. The ISA must be opened and managed online.

Marsden Building Society’s Branch Cash ISA 95 (Issue 2) pays 0.55% gross yearly at a £5,000 opening deposit. A higher rate of 0.65% gross is paid on deposit of £25,000 and over, while a lower rate of 0.45% gross is paid 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 and subject to 95 days’ loss of interest. Transfers in are accepted from cash ISAs. It can only be opened and managed in branch.

Compare the best notice ISAs

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