The best ISA rates this week 15 07 21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 15/07/2021

Savers looking for an easy access cash ISA will be disappointed to see that last week’s top rate is no longer available, however more ISAs are now offering 0.50% AER, which is now the top rate in this chart. As well as this, rate rises on fixed rate ISAs this week have seen competition at the top of the two year fixed ISA chart improve, with three ISAs now paying the top rate.

Savers should note that the rates below are the best rates available at 2pm on Thursday 15 July 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

 

UBL UK

5 Year Fixed Rate Cash ISA

Five years

1.31%

Go to provider’s site

UBL UK

3 Year Fixed Rate Cash ISA

Three years

1.06%

Go to provider’s site

Charter Savings Bank
OakNorth Bank
 
Secure Trust Bank

2 Year Fixed Rate Cash ISA
Fixed Rate Cash ISA

2 Year Fixed Rate Cash ISA

Two years
 
24 Months
 
22.08.23

0.86%
 
0.86%
 
0.86%

Find out more
 
Find out more
 
Find out more

OakNorth Bank

Fixed Rate Cash ISA

 

12 months

 

0.66%

%

Find out more

 

UBL (UK) continued to top the fixed rate ISA chart this week with its Five Year Fixed Rate Cash ISA paying 1.34% gross on maturity, 1.31% gross on anniversary and 1.30% gross quarterly and monthly. As well as this, UBL (UK) topped the three year fixed rate ISA chart with its 3 Year Fixed Rate Cash ISA paying 1.07% gross on maturity, 1.06% gross on anniversary and quarterly, and 1.05% gross monthly. All the ISAs require a £2,000 minimum deposit to open. Earlier access is permitted subject to 270 days’ loss of interest on the three year options and 365 days’ loss of interest on the five year options. Transfers in from cash ISAs are accepted. All versions of the 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.

Three ISAs had the top paying two-year fixed ISA rate this week. Charter Savings Bank’s 2 Year Fixed Rate Cash ISA pays 0.86% gross on anniversary. It requires a £5,000 minimum deposit to open. Earlier access is permitted subject to 180 days’ loss of interest. Transfers in are accepted. This ISA must be opened and managed online. There is a version of the ISA that pays interest monthly at the same gross rate. OakNorth Bank pays 0.86% gross monthly on its Fixed Rate Cash ISA, which requires a £1 minimum deposit to open. The ISA allows earlier access subject to 180 days’ loss of interest. Transfers in from cash ISAs are accepted but the account must be funded within 30 days of account approval or the account will be closed. The ISA can be opened and managed online or via mobile app. Secure Trust Bank pays 0.86% gross yearly on its 2 Year Fixed Rate Cash ISA. A minimum deposit of £1,000 is needed to open this ISA. It allows earlier access on closure only and is subject to 180 days’ loss of interest. Transfers in from cash ISAs are accepted. It must be opened online but can then be managed online or by phone.

OakNorth Bank topped the one year fixed rate ISA chart this week with its Fixed Rate Cash ISA paying 0.66% gross monthly. A £1 minimum deposit is needed to open this ISA. It allows earlier access subject to 90 days’ loss of interest. Transfers in from cash ISAs are accepted but the account must be funded within 30 days of account approval or the account will be closed. It can be opened and managed online and via mobile app.

Compare the best fixed rate ISAs

The best easy access ISA rates

 

Provider

Account

Notice

Rate AER

 

Charter Savings Bank

Easy Access Cash ISA - Issue 22

None

0.50%

Find out more

Leeds Building Society

Double Access ISA
 Limited Issue Online Access ISA (Issue 35)

Instant
 
None

0.50%
 
0.50%

Find out more
 
Find out more

Marcus by Goldman Sachs®

Cash ISA

None

0.50% (includes 0.10% bonus for 12 months)

Find out more

 

Three ISAs topped the easy access ISA chart this week paying 0.50% AER. Charter Savings Bank pays 0.50% gross on anniversary on its Easy Access Cash ISA – Issue 22. This ISA requires £5,000 to open. Further additions and withdrawals are allowed via a nominated account. Transfers in are accepted. The ISA must be opened and managed online. There is a version of this ISA that pays interest monthly at the same gross rate.

Leeds Building Society’s Double Access ISA pays 0.50% gross yearly, which requires a £5,000 minimum deposit to open. Further additions are allowed whilst the issue remains open. Withdrawals are restricted to two withdrawals per calendar year, then there is a 30 days’ loss of interest penalty on all further withdrawals. Transfers in are accepted. The 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 35). A £1,000 minimum deposit is needed to open this ISA, which allows further additions whilst the issue remains open, and withdrawals are allowed. Transfers in are accepted. This ISA must be opened and managed online. Savers should be aware that once this ISA matures on 31 August 2022, it reverts to an Instant Access Cash ISA maturity account.

Marcus by Goldman Sachs® pays 0.50% 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. It allows further additions and withdrawals which must be made via a nominated account. This ISA does not accept transfers in. It can be opened online or via mobile app 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

 

This week saw Aldermore continue to offer the best paying notice ISA rate with its 30 Day Notice Cash ISA Issue 12 paying 0.35% gross on anniversary. To open this ISA a £1,000 minimum deposit is needed. It allows further additions. Withdrawals can be made subject to 30 days’ notice; alternatively, earlier access is permitted subject to 30 days’ loss of interest. The ISA accepts transfers in and is a flexible ISA, so savers can withdraw and replace money into the ISA within the same tax year without it counting towards the annual ISA allowance. It must 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 also continued to offer the second best notice account rate this week paying 0.30% gross yearly on its 30 Day Cash ISA. This ISA requires a £100 minimum deposit to open and allows further additions. Withdrawals are permitted subject to 30 days’ notice; alternatively, 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. There is also a version of this ISA that pays interest monthly at the same gross rate.

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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