The best ISA Rates This Week 19.08.21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 19/08/2021

A rate rise by Close Brothers Savings on its three year fixed ISA earlier in the week has resulted in it paying the best three year ISA rate this week. Paragon Bank also increased rates on its ISAs, which has resulted in its now topping the two year fixed ISA chart paying the best rate of 1.01% AER. As well as this, Newcastle Building Society launched an easy access ISA this week which pays the joint second-best rate in our easy access ISA chart.

Savers should note that the rates below are the best rates available at 12pm on Thursday 19 August 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

 

United Trust Bank

ISA 7 Year Bond

Seven years

1.40%

Go to provider’s site

United Trust Bank

ISA 5 Year Bond

Five years

1.35%

Go to provider’s site

Close Brothers Savings

3 Year Fixed Rate Cash ISA

Three years

1.15%

Find out more

Paragon Bank

2 Year Fixed Rate Cash ISA

Two years

1.01%

Go to provider’s site

OakNorth Bank

Fixed Rate Cash ISA

12 Months

0.77%

Find out more

 

Remaining at the top of the fixed rate ISA chart this week was United Trust Bank paying 1.40% gross on anniversary on its ISA 7 Year Bond. United Trust Bank also topped the five year fixed ISA chart paying 1.35% gross on anniversary on its ISA 5 Year Bond. Both ISAs require a £15,000 minimum deposit to open. They allow earlier access subject to an interest-loss penalty. Transfers in are accepted. The ISAs must be opened by post but can then be managed online, by post and by phone.

The top three year fixed ISA rate this week came from Close Brothers Savings which pays 1.15% gross on anniversary on its 3 Year Fixed Rate Cash ISA. To open this ISA a £10,000 minimum deposit is needed. It allows earlier access on closure only and subject to a 270 days’ loss of interest. Transfers in are accepted but transfer instructions must be received within 10 days of account opening. It can only be opened online but can be managed online, by post and by phone.

Paragon Bank topped the two year fixed ISA chart with its 2 Year Fixed Rate Cash ISA paying 1.01% gross on anniversary. A £500 minimum deposit is needed to open this ISA. Savers can access funds early subject to 180 days’ loss of interest. Transfers in are accepted. The ISA can be opened and managed online and by post. There is also a version of this ISA that pays interest monthly at the same gross rate.

Topping the one year fixed ISA chart this week was OakNorth Bank, which pays 0.77% gross monthly on its Fixed Rate Cash ISA. This ISA requires a £1 minimum deposit to open. It allows earlier access subject to 90 days’ loss of interest. Transfers in are accepted but the account must be funded within 30 days of account approval or it will be closed. The ISA 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

 

Cynergy Bank

Online ISA (Issue 15)

None

0.65%

Find out more

Leeds Building Society

Double Access Cash ISA

Instant

0.50%

Find out more

Leeds Building Society

Limited Issue Online Access ISA (Issue 36)

None

0.50%

Find out more

Marcus by Goldman Sachs®

Cash ISA

None

0.50%, including a 0.10% bonus for 12 months

Find out more

Newcastle Building Society

Newcastle Monthly Access ISA (0-1 withdrawals pm)

Instant

0.50%

Find out more

 

Topping the easy access ISA chart again this week was Cynergy Bank which pays 0.65% gross yearly on its Online ISA (Issue 15). This ISA requires a £1 minimum deposit to open and a Cynergy Bank Authenticator App or Digipass is needed to open and manage the ISA. It allows both further additions and withdrawals. Transfers in are accepted from cash ISAs only but can only be made on account opening. This ISA must be opened and managed online.

Four ISAs paid the second-best ISA rate this week. Leeds Building Society pays 0.50% gross yearly on its Double Access Cash ISA, which requires a £5,000 minimum deposit to open. This ISA allows further additions whilst the issue remains open but withdrawals are restricted to two per calendar year, there is then 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 36). This ISA requires a £1,000 minimum deposit to open. It allows further additions whilst the issue remains open and there is no restriction on withdrawals. Transfers in are accepted. Savers should be aware that this ISA matures on the 2 October 2022 and reverts to an Instant Access Cash ISA maturity account. The ISA must be opened and managed online.

Marcus by Goldman Sachs® pays 0.50% gross monthly, which includes a 0.10% bonus for 12 months, on its Cash ISA. No deposit is needed to open this ISA but a UK mobile number is required. It allows further additions, withdrawals and all transactions must be made via a nominated account. Transfers in are accepted. The ISA can be opened online or via mobile app and then managed online, by phone and via mobile app.

Also paying 0.50% gross monthly this week is Newcastle Building Society’s Newcastle Monthly Access ISA (0-1 withdrawals pm). It requires a £500 minimum deposit to open. Further additions are permitted. Withdrawals are restricted to one withdrawal per month, if more withdrawals are made a lower rate is paid. Transfers in are accepted. The ISA must be opened in branch but can then be managed in branch, by post and by phone.

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

 

Aldermore continued to have the best paying notice ISA 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 are allowed. Withdrawals can be made subject to 30 days’ notice, alternatively, earlier access is allowed subject to 30 days’ loss of interest. It accepts transfers in. The ISA can only be opened and managed online. There is a version of this ISA that pays interest monthly at the same gross rate.

Buckinghamshire Building Society continued to have the second-best notice ISA rate this week paying 0.30% gross yearly on its 30 Day Cash ISA. A £100 minimum deposit is needed to open this ISA. Further additions are allowed. Withdrawals can be made subject to 30 days’ notice or earlier access is permitted subject to 30 days’ loss of interest. This ISA does not accept transfers in. It also has an option that pays interest monthly at the same gross rate.

Compare the best notice ISAs

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