The Best ISA Rates This Week 17 06 21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 17/06/2021

The inflation figures released yesterday showed that the Consumer Prices Index during May had risen to 2.1%, which means that for a second consecutive month no cash ISA can match or beat the rate of inflation. This will be disappointing news for ISA savers, especially those coming to the end of a fixed rate ISA and who are looking to lock their money into a new fixed deal. These savers may want to consider putting their funds into a more accessible ISA, such as an easy access or notice cash ISA, with the hope that they can easily transfers funds should fixed ISA rates start to improve. Alternatively, long-term ISA savers may want to consider investing in a stocks and shares ISA, although this is a much riskier option compared to a cash ISA. More information about investing in a stocks and shares ISA can be found on our stocks and shares ISA page.

The best fixed rate ISA savings rates

 

Provider

Account

Notice

Rate AER

 

Shawbrook Bank

7 Year Fixed Rate Cash ISA Bond Issue 3

Seven years

1.25%

Find out more

UBL UK

5 Year Fixed Rate Cash ISA

Five years

1.21%

Find out more

UBL UK

3 Year Fixed Rate Cash ISA

Three years

0.96%

Find out more

UBL UK

2 Year Fixed Rate Cash ISA

Two years

0.81%

Find out more

Shawbrook Bank

1 Year Fixed Rate Cash ISA Bond Issue 48

One year

0.56%

Find out more

 

The best rates available in the fixed rate cash ISA chart remained unchanged this week with Shawbrook Bank continuing to pay 1.25% gross on anniversary on its seven-year Fixed Rate Cash ISA Bond Issue 3. This ISA requires a £1,000 minimum deposit to open. It allows earlier access subject to 360 days’ loss of interest and transfers in are accepted. The ISA 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 of 1.24%.

UBL UK topped the five, three and two year fixed ISA charts this week. Its 5 Year Fixed Rate Cash ISA pays 1.24% gross on maturity, 1.21% gross on anniversary, 1.20% gross quarterly and monthly. The 3 Year Fixed Rate Cash ISA pays 0.97% gross on maturity, and 0.96% gross on anniversary, quarterly or monthly. The 2 Year Fixed Rate Cash ISA pays 0.81% gross on maturity, on anniversary and monthly. A minimum deposit of £2,000 is needed to open all ISA options. Earlier access is allowed on closure only and subject to 180 days’ loss of interest on the two-year version, 270 days’ loss of interest on the three-year option and 365 days’ loss of interest on the five-year option. These 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.

Shawbrook Bank also topped the one-year fixed ISA chart this week paying 0.56% gross on anniversary on its one-year Fixed Rate Cash ISA Bond Issue 48. This ISA requires a £1,000 minimum deposit to open and permits earlier access subject to 90 days’ loss of interest. It accepts transfers in. The ISA can only be opened online but can be managed online and by phone. There is also a version of this ISA that pays interest monthly at the same gross rate.

Compare the best fixed rate ISAs

The best easy access rates

 

Provider

Account

Notice

Rate AER

 

Cynergy Bank

Online ISA (Issue 14)

None

0.54%

Find out more

Charter Savings Bank

Easy Access Cash ISA - Issue 21

None

0.45%

Find out more

Yorkshire Building Society

Annual Access Account ISA Issue 4

Instant

0.45%

Find out more

 

Remaining at the top of the easy access ISA chart this week was Cynergy Bank which pays 0.54% gross yearly on its Online ISA (Issue 14). To open this ISA a £1 minimum deposit is needed, along with a Cynergy Bank Authenticator App or Digipass to use online banking. It allows further additions and withdrawals. Transfers in from cash ISAs are permitted but only on account opening. This ISA must be opened and managed online.

Charter Savings Bank and Yorkshire Building Society both paid the next best rate of 0.45% gross. Charter Savings Bank pays this rate on anniversary or monthly on its Easy Access Cash ISA – Issue 21, which requires a £5,000 minimum deposit to open. It allows further additions via a nominated account and withdrawals. Transfers in are accepted. The ISA must be opened and managed online.

Yorkshire Building Society’s Annual Access Account ISA Issue 4 also pays 0.45% gross on anniversary. To open this ISA a £100 minimum deposit is needed, which must be new money to the building society. It allows further additions. Withdrawals are restricted to one withdrawal day per anniversary year. Transfers in are accepted. The ISA can be opened in branch or by post and then managed online, in branch and by post. Savers should be aware that this ISA reverts to an Easy ISA after 12 months. It is a flexible ISA meaning money withdrawn can be paid back into it in the same tax year without affecting your annual ISA allowance.

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

 

The best-paying notice ISA that does not have opening restrictions once again came from Aldermore this week with its 30 Day Notice Cash ISA Issue 12 paying 0.35% gross on anniversary. This ISA requires a £1,000 minimum deposit to open. Further additions can be made and withdrawals are permitted subject to 30 days’ notice. Alternatively, earlier access is permitted subject to 30 days’ loss of interest. Transfers in are accepted. This ISA can only be opened and managed online. There is a version of this ISA that pays interest monthly at the same gross rate. It is also a flexible ISA.

Buckinghamshire Building Society had the second-best paying notice ISA on an account without opening restrictions this week. Its 30 Day Cash ISA pays 0.30% gross yearly and requires a £100 minimum deposit to open. The ISA allows further additions. Withdrawals can be made subject to 30 days’ notice, or earlier access is allowed on 30 days’ loss of interest. Savers should be aware that transfers in are not permitted on this ISA. It can be opened and managed in branch and by post. There is also an option that pays interest monthly at the same gross rate.

Compare the best notice ISAs

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