The best ISA rates this week 16.09.21 | moneyfacts.co.uk

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Michelle Monck

Michelle Monck

Consumer Finance Expert
Published: 16/09/2021
There were a few changes this week to the best ISA rates. The big theme of the week has been rising inflation and the eroding affect of this on savers money. While savings and ISA rates are not keeping pace with inflation, savers that want the security of keeping some money in cash savings, should still look to gain absolutely the best rate and conditions for them. 
Below we’ve highlighted the top rates currently available in our comparison charts, but savers should note that these are the best rates available at 2pm on Thursday 16 September 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

1.46%

Find out more

UBL UK

3 Year Fixed Rate Cash ISA

Three years

1.21%

Find out more

Hodge Bank

2 Year Fixed Rate Cash ISA

Two years

1.15%

Find out more

Aldermore

 

 

Paragon Bank

 

 

Charter Savings Bank

 

Coventry Building Society

1 Year Fixed Rate Cash ISA

 

1 Year Fixed Rate Cash ISA

 

 

1 Year Fixed Rate Cash ISA

 

 

Fixed Rate ISA (137) 30.11.2022

One year

 

 

One year

 

 

One year

 

30.11.22

0.85%

 

 

0.85%

 

 

0.85%

 

 

0.85%

Go to provider’s site

 

 

Go to provider’s site

 

 

Find out more

 

 

Find out more

 

UBL UK topped the best fixed rate ISA chart again this week, with its 5 Year Fixed Rate Cash ISA paying 1.50% gross on maturity. Savers can also choose to have interest paid on anniversary at 1.46% gross or monthly or quarterly at 1.45% gross. UBL UK also has the best 3 year fixed rate ISA rate too with its 3 Year Fixed Rate Cash ISA paying 1.22% gross on maturity. Savers can also choose to have interest paid on anniversary at 1.21% gross or quarterly or monthly at 1.20% gross.

All these ISAs have a £2,000 minimum deposit to open and transfers in from cash ISAs are accepted. Savers can open these ISAs online, in branch, by post or via mobile app and then manage it online, in branch, by post, by phone and via mobile app . Further additions are not allowed and early access is on closure of the ISA with 365 days loss of interest on the five year and 270 days loss of interest on the three year ISA.

The best two year fixed rate ISA is from Hodge Bank with its 2 Year Fixed Rate Cash ISA paying 1.15% gross on anniversary and 1.14% gross monthly. Savers can open this ISA online with £1,000. This ISA is then managed online and by phone. Savers can make further additions within 10 days after opening the ISA. Withdrawals are permitted subject to 180 day’s loss of interest. Transfers in of at least £1,000 are accepted from other cash ISAs and stocks and shares ISAs.

There are four ISA providers with the best one year fixed rate ISA this week – all with a rate of 0.85% gross.

Aldermore pays 0.85% gross on maturity or monthly on its 1 Year Fixed Rate Cash ISA. Savers can open this ISA online with £1,000 and then manage it online too. Savers can make further additions up to 14 days after opening the ISA. Withdrawals are allowed with a 90 day loss of interest penalty. Transfers in are accepted from other cash ISAs, stocks and shares ISAs and Help to Buy ISAs. Savers transferring in from a Help to Buy ISA should check for any penalties first.

Paragon Bank also pays 0.85% gross on anniversary or monthly on its 1 Year Fixed rate Cash ISA. Savers can open this ISA online and by post with £500 and then manage it by these channels too. Savers can make further additions for 15 days from initial deposit. Withdrawals are allowed with a 90 day loss of interest penalty. Transfers in are accepted from other cash ISAs and stocks and shares ISAs.

Charter Savings Bank has the same rate again on its 1 Year Fixed Rate Cash ISA with interest paid on anniversary or monthly. Savers can open this ISA online with £5,000 and then manage it online too. Savers can make further additions up to 30 days after opening the ISA. Withdrawals are allowed with a 90 day loss of interest penalty. Transfers in are accepted from other cash ISAs and stocks and shares ISAs.

Finally, Coventry Building Society has the same rate too on its Fixed Rate ISA (137) 30.11.2022 with interest paid yearly. Savers can open this ISA online, in branch, by post or phone with just £1. Savers can make further additions up to 14 days after opening the ISA or whilst the issue remains open, whichever period is longer.. Early access is allowed on closure only with 120 day loss of interest.

Compare the best fixed rate ISAs

The best easy access ISA rates

Provider

Account

Notice

Rate AER

 

Cynergy Bank

Online ISA (Issue 16)

None

0.60%

Find out more

Paragon Bank
 
 

 

Leeds Building Society 

 

Coventry Building Society

 

Limited Edition Easy Access ISA (Issue 8)

 

Limited Issue Online Access ISA (Issue 37)

 

Limited Access ISA (Online) (2)

None
 
 
 

None

 

 

None

0.55%
 
 
 

0.55%

 

 

0.55%

Go to provider’s site
 

 

Go to provider’s site

 

 

Find out more

Tesco Bank

Instant Access Cash ISA

None

0.51% including a 0.41% bonus for 12 months 

Find out more

 

This week the best easy access ISA rate is again from Cynergy Bank and its Online ISA (Issue 16) paying 0.60% gross yearly. Savers can open this ISA online with just £1, it can then be managed online using the Cynergy Bank Authenticator App or Digipass. It allows further additions and withdrawals. Transfers in are accepted on account opening only.

There are now three ISA providers offering the next best easy access ISA rate. Paragon Bank, Leeds Building Society and Coventry Building Society all offer a rate of 0.55% gross.

Paragon Bank pays 0.55% gross on anniversary or monthly on its Limited Edition Easy Access ISA (Issue 8). Savers can open this ISA online with just £1. It can be managed online, and savers can make further additions via a nominated account and withdrawals are permitted Transfers in from other cash ISAs and stocks and shares ISAs are allowed. 
Leeds Building Society pays 0.55% gross on maturity on its Limited Issue Online Access ISA (Issue 37). This ISA has no restrictions or penalties for withdrawals which must be made via a nominated account, but it does come with a set maturity date, which is unusual for easy access accounts that normally have no set end date. This means that on the 31 October 2022 this ISA will be moved to an Instant Access Cash ISA maturity account. Savers can open this ISA online and will need to have a minimum deposit of £1,000. This ISA is then managed online only. Savers can add further additions while the issue remains open. Transfers in are accepted from other cash ISAs, stocks and shares ISAs, Lifetime ISAs and Help to Buy ISAs. Savers transferring Lifetime or Help to Buy ISAs should check for any financial penalties. 
Coventry Building Society also pays 0.55% gross on anniversary or monthly on its Limited Access ISA (Online) (2). This ISA allows six withdrawals each year without penalty. Savers making more withdrawals than this in a year will face a penalty of 50 days loss of interest on each additional withdrawal.   Savers can open this ISA online with £1 and make further additions. This ISA is then managed online only.  Transfers in are accepted from other cash ISAs, Lifetime ISAs, Help to Buy ISAs and stocks and shares ISAs. Savers transferring Lifetime or Help to Buy ISAs should check for any financial penalties. 
Finally, Tesco Bank has the next best easy access ISA rate this week with its Instant Access Cash ISA paying 0.51% gross on anniversary. This includes a 0.41% bonus for 12 months. Savers can open this ISA online or by phone with a £1 minimum deposit. This ISA is then managed online, by phone or via mobile app. Savers can make further additions but withdrawals are restricted to a maximum limit of £10,000 to non-Tesco Bank accounts and a £100,000 limit to Tesco Bank accounts when withdrawing via online transfer. Transfers in from cash ISAs only are accepted. 

Compare the best easy access ISAs

Compare the best easy access ISAs on our charts.

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

There were no changes this week to the best notice ISA rates.  Aldermore tops the ISA notice chart with its 30 Day Notice Cash ISA Issue 12 paying 0.35% gross on anniversary or monthly. Savers can open this ISA online with a £1,000 minimum deposit and it is then managed online. It allows further additions and withdrawals can be made subject to 30 days’ notice or earlier access is permitted subject to 30 days’ loss of interest. Transfers in are accepted from other cash ISAs, stocks and shares ISAs and Help to Buy ISAs.

Buckinghamshire Building Society has the next best rate at 0.30% gross yearly or monthly with its 30 Day Cash ISA. Savers can open this ISA in branch or by post with a £100 minimum deposit. It is then managed in branch or by post as well. It allows further additions and withdrawals can be made subject to 30 days’ notice. Earlier access is permitted without notice but subject to a 30 days’ loss of interest penalty. This ISA does not accept transfers in.

Compare the best notice ISAs

Compare the best notice ISAs on our charts.

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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