Derin Clark

Derin Clark

Online Reporter
Published: 16/04/2020

ISA savers will be pleased to see that despite the economic challenges caused by the Coronavirus pandemic, many of the top ISA rates are still available in the charts this week. Those looking to get the best ISA rates overall should look towards the fixed rate ISA charts, which continue to offer the most competitive rates in this sector.

It should be noted that the rates below are the best rates available on Thursday and, although correct at the time of publishing, they may not be available on Friday.

Savers should be aware that although we have included ISAs that can be opened and managed in branch, consumers are advised to check with the bank or building society to ensure this service is still available, as many are only providing essential banking services in branch at the moment due to the Government’s restrictions on movement.

The best fixed rate ISA savings rates

Provider Account Term Rate AER
Shawbrook Bank 7 Year Fixed Rate Cash ISA Bond Issue 1 Seven years 1.65%
Shawbrook Bank 5 Year Fixed Rate Cash ISA Bond Issue 21 Five years 1.61%
Marsden Building Society Fixed Rate Cash ISA (Issue 122) 30.04.23 1.55%
Shawbrook Bank 2 Year Fixed Rate Cash ISA Bond Issue 37 Two years 1.48%
Kent Reliance Cash ISA 1 Year Fixed Rate – Issue 34 One year 1.35%

Shawbrook Bank continued to dominate the fixed rate ISA charts this week. It offered the best rate overall with its 7 Year Fixed Rate Cash ISA Bond Issue 1 paying 1.65% gross on anniversary. Shawbrook Bank also topped the five year chart this week, paying 1.61% gross on anniversary on its 5 Year Fixed Rate Cash ISA Bond Issue 21 and the two year chart, with its 2 Year Fixed Rate Cash ISA Bond Issue 37 paying 1.48% gross on anniversary. All these ISAs require a minimum deposit of £1,000 to open and accept transfers in. The ISAs can only be opened online but can then be managed online and by phone. There are also versions of all these ISAs that pay interest monthly at a slightly lower gross rate.

This week, Marsden Building Society topped the three year fixed rate ISA chart paying 1.55% gross yearly on its Fixed Rate Cash ISA (Issue 122). To open this ISA, a minimum deposit of £5,000 is needed. It accepts transfers in from cash ISAs only and transfers much be received within 30 days of account opening. The ISA can only be opened and managed in branch.

Kent Reliance offered the best one year fixed ISA rate this week, with its Cash ISA 1 Year Fixed Rate – Issue 34 paying 1.35% gross on maturity. This ISA requires a £1,000 minimum deposit to open. It accepts transfers in but transfer requests must be made within 30 days of account opening. This ISA can be opened online, in branch or by post and then managed online, in branch, by post and by phone. There is a version of this ISA that pays interest monthly at a slightly lower gross rate.

Fixed rate ISAs

All the rates available can be found on our fixed rate ISA chart.

The best easy access ISA rates

Provider Account Notice Rate AER

Bath Building Society

Penrith Building Society

Shawbrook Bank

Instant ISA

ISA Issue 2


Easy Access Cash ISA – Issue 10

Instant

Instant


None

1.25%

1.25%


1.25%

Family Building Society Market Tracker Cash ISA (2) Instant 1.18%
Family Building Society Flexible ISA (1) Instant 1.16%

Three providers offered the top easy access ISA rate of 1.25% this week. Bath Building Society pays 1.25% gross yearly on its Instant ISA, which requires a minimum deposit of £1 to open. This ISA allows unlimited further additions and withdrawals. Transfers in are accepted from cash ISAs. The ISA can be both opened and managed in branch and by post. Penrith Building Society pays 1.25% gross yearly on its ISA Issue 2. To open this ISA, a minimum deposit of £100 is needed. It allows unlimited further additions and withdrawals. Transfers in are not permitted. The ISA can be both opened and managed in branch and by post. Shawbrook Bank also pays 1.25% gross on anniversary on its Easy Access Cash ISA – Issue 10. This ISA requires a minimum opening deposit of £1,000. It allows unlimited further additions and withdrawals. 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.

Family Building Society had the second and third-best rates in the easy access ISA chart this week. Its Market Tracker Cash ISA (2) pays 1.18% gross yearly and its Flexible ISA (1) pays 1.16% gross yearly. Both ISAs require a minimum opening deposit of £500. Unlimited further additions are allowed with both ISAs, but while Market Tracker Cash ISA (2) allows unlimited withdrawals, Flexible ISA (1) restricts withdrawals to up to 12 per calendar year. Transfers in from cash ISAs are allowed with both ISAs. These ISAs can be opened online, in branch or by post and then managed online, in branch, by post and by phone.

Easy access ISAs

All the rates available can be found on our easy access ISA chart.

The best notice ISA rates

Provider Account Notice Rate AER
Teachers Building Society Education ISA (Issue 1) 90 days 1.40%
Aldermore 30 Day Notice Cash ISA Issue 7 30 days 1.30%

Offering the best rate in the notice ISA chart this week was Teachers Building Society, which pays 1.40% gross yearly on its Education ISA (Issue 1). This ISA is only available to teachers and other education professionals. To open this ISA, a minimum deposit of £100 is needed. It allows unlimited further additions and withdrawals are permitted but subject to 90 days’ notice. Transfers in are accepted. This ISA can be both opened and managed online and by post.

The best notice ISA rate on an account without any opening restrictions came from Aldermore this week. Aldermore pays 1.30% gross on anniversary on its 30 Day Notice Cash ISA Issue 7, which requires a minimum deposit of £1,000 to open. This ISA allows unlimited further additions. Withdrawals are permitted but subject to 30 days’ notice, if notice is not given earlier access is allowed but subject to 30 days’ loss of interest. Transfers in are accepted. This ISA can only be opened and managed online. There is also a version of this ISA that pays interest monthly at a slightly lower gross rate.

Notice ISAs

All the rates available can be found on our notice ISA chart.

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.

Cookies

Moneyfacts.co.uk will, like most other websites, place cookies onto your device. This includes tracking cookies.

I accept. Read our Cookie Policy