The Best ISA Rates This Week 16.07.20 | moneyfacts.co.uk

Derin Clark

Derin Clark

Online Reporter
Published: 16/07/2020

All of last week’s top-paying fixed rate ISAs were still available in the chart this week. Meanwhile, last week’s best-paying easy access ISA was no longer available and now no easy access ISAs pay a rate that can match or beat 1.00%.

Savers should be aware that the rates below are the best rates available at 2pm on Thursday 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

United Trust Bank

7 Year Fixed Rate Cash ISA Bond Issue 3
ISA 7 Year Bond

Seven years

Seven years

1.25%

1.25%

UBL UK 5 Year Fixed Rate Cash ISA Five years 1.21%
UBL UK 3 Year Fixed Rate Cash ISA Three years 1.10%
Gatehouse Bank 2 Year Fixed Term Cash ISA Two years 0.95% (expected profit rate)
Leek United Building Society 1 Year Fixed Rate, Fixed Term Cash ISA One year 0.75%

 

Shawbrook Bank and United Trust Bank both continued to offer the top-paying fixed rate ISA this week. Shawbrook Bank 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 then be managed online and by phone. There is also a version of this ISA that pays interest monthly at a slightly lower gross rate. United Trust Bank pays 1.25% gross on anniversary on its ISA 7 Year Bond. To open this ISA, a minimum deposit of £15,000 is needed. It accepts transfers in. This ISA can only be opened by post but can then be managed by post and by phone.

UBL UK remained at the top of the five and three year fixed rate ISA charts this week. Its 5 Year Fixed Rate Cash ISA pays 1.24% gross on maturity, 1.21% gross on anniversary, and 1.20% gross quarterly or monthly. Its 3 Year Fixed Rate Cash ISA pays 1.11% gross on maturity, 1.10% gross on anniversary or quarterly, and 1.09% gross monthly. All options of these ISAs require a minimum opening deposit of £2,000. They accept transfers in from cash ISAs. These ISAs can be opened in branch or by post but can only be managed by post.

The top rate in the two year fixed rate ISA chart came from Gatehouse Bank this week. Gatehouse Bank pays an expected profit rate of 0.95% gross on anniversary on its 2 Year Fixed Term Cash ISA. It requires a minimum deposit of £1,000 to open. It accepts transfers in. This ISA can only be opened and managed online.

Leek United Building Society had the top-paying one year fixed rate ISA this week, with its 1 Year Fixed Rate, Fixed Term Cash ISA paying 0.75% gross on maturity. To open this ISA, a minimum deposit of £1,000 is needed. Transfers in are accepted. This ISA can be opened and managed in branch and by post.

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
Cynergy Bank Online ISA (Issue 4) None 0.90%
National Savings & Investments Direct ISA None 0.90%
AIB Cash ISA Account Instant 0.75%

 

Both Cynergy Bank and National Savings & Investments offered the top-paying easy access ISA this week. Cynergy Bank pays 0.90% gross yearly on its Online ISA (Issue 4). This ISA is only available to existing customers and, as well as this, a Cynergy Bank Authenticator App or Digipass is needed to open and manage it. This ISA requires a £1 minimum deposit to open. It allows unlimited further additions. Withdrawals can be made at any time. Transfers in are accepted. This ISA can only be opened and managed online.

National Savings & Investments pays 0.90% gross yearly on its Direct ISA. To open this ISA, a minimum deposit of £1 is needed. It allows unlimited further additions. Withdrawals can be made at any time but must be made via a nominated account. Transfers in are not allowed. This ISA is 100% backed by HM Treasury. It can be both opened and managed online and by phone.
AIB had

the second-best rate in the easy access ISA chart this week. Its Cash ISA Account pays 0.75% gross on a £50 deposit and 1.00% gross at £35,000. Interest is paid yearly. It allows unlimited further additions and withdrawals can be made at any time. Transfers in are accepted. This ISA can only be opened in branch, but can be managed online, in branch and via mobile app.

Easy access ISAs

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

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