The Best ISA Rates This Week 22.07.21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 22/07/2021

Changes within the ISA charts have slowed down this week, but providers have continued to raise rates which has resulted in new higher rates being available in both the two and one year fixed ISA charts. As well as this, competition at the top of the easy access ISA chart has increased with five ISAs now offering the top rate in this chart.

Savers should note that the rates below are the best rates available at 12pm on Thursday 22 July 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

1.31%

Go to provider’s site

UBL UK

3 Year Fixed Rate Cash ISA

Three years

1.06%

Go to provider’s site

Hodge Bank

2 Year Fixed Rate Cash ISA

Two years

0.90%

Find out more

Secure Trust Bank

1 Year Fixed Rate Cash ISA

01.09.22

0.71%

Find out more

 

The top fixed ISA rate this week came from UBL UK, which continued to offer 1.34% gross on maturity on its 5 Year Fixed Rate Cash ISA. There are also options of this ISA that pay 1.31% gross on anniversary, as well as 1.30% gross quarterly and monthly. UBL UK also topped the three year fixed ISA chart this week offering 1.07% gross on maturity on its 3 Year Fixed Rate Cash ISA, which has options available offering 1.06% gross on anniversary and quarterly, and 1.05% gross monthly. All versions of this ISA require a £2,000 minimum deposit to open. Earlier access is allowed on closure only subject to 270 days’ loss of interest on the three year version and 365 days’ loss of interest on the five year version. Transfers in from cash ISAs are accepted. Transfers out are subject to the same loss of interest penalties as earlier access. These ISAs can be opened online, in branch, by post or via mobile app, and they can then be managed online, in branch, by post, by phone and via mobile app.

Hodge Bank topped the two year fixed ISA chart this week paying 0.90% gross yearly on its 2 Year Fixed Rate Cash ISA. This ISA requires a £1,000 minimum deposit to open. It allows earlier access subject to 180 days’ loss of interest. Transfers in are accepted from a minimum of £1,000. Transfers out are subject to the same loss of interest penalty as earlier access. It 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 the same gross rate.

Topping the one year fixed ISA chart this week was Secure Trust Bank paying 0.71% gross yearly until 01.09.22 on its 1 Year Fixed Rate Cash ISA. This ISA requires a £1,000 minimum deposit to open. Earlier access is allowed on closure only and subject to 90 days’ loss of interest. Transfers in from cash ISAs are accepted. Transfers out are subject to the same loss of interest penalty as earlier access. The ISA must be opened online but can then be managed online and by phone.

Compare the best fixed rate ISAs

The best easy access ISA rates

 

Provider

Account

Notice

Rate AER

 

Charter Savings Bank

Easy Access Cash ISA - Issue 22

None

0.50%

Find out more

Chelsea Building Society

e-ISA Plus

None

0.50%

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 35)

None

0.50%

Find out more

Marcus by Goldman Sachs®

Cash ISA

None

0.50%

Find out more

 

Five ISAs topped the easy access ISA chart this week paying 0.50% AER. Charter Savings Bank pays 0.50% gross on anniversary on its Easy Access Cash ISA – Issue 22. This ISA requires a £5,000 minimum deposit to open. It allows further additions and withdrawals which must be made via a nominated account. Transfers in are accepted. The ISA must be opened and managed online. There is also a version of this ISA that pays interest monthly at the same gross rate.

Chelsea Building Society pays 0.50% gross on anniversary on its e-ISA Plus, which requires a £1 minimum deposit to open. Further additions and withdrawals can be made. Transfers in are accepted. Flexible ISA rules apply for this ISA so savers can withdraw and replace money into the ISA within the same tax year without it counting towards the annual ISA allowance. It must be opened and managed online. Savers should also be aware that after 12 months this ISA reverts to an e-ISA.

Leeds Building Society has two top-paying easy access ISAs this week. Its Double Access Cash ISA pays 0.50% gross yearly on a £5,000 minimum opening deposit. This ISA allows further additions while the issue remains open, but withdrawals are restricted to two per calendar year with a 30 days’ loss of interest penalty on all further withdrawals. It accepts transfers in. This 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 35). To open this ISA a £1,000 minimum deposit is needed and savers should be aware that it matures on the 31 August 2022, after which it reverts to an Instant Access Cash ISA. It allows further additions while the issue remains open and unlimited withdrawals. Transfers in are accepted. The ISA can only be opened and managed online.

Cash ISA from Marcus by Goldman Sachs® pays 0.50% gross monthly, which includes a 0.10% bonus for 12 months. Although no deposit is needed to open this ISA a UK mobile number is required. Further additions and withdrawals are allowed and must be made via a nominated account. This ISA does not accept transfers in. The ISA can be opened online or via mobile app and then managed online, by phone and via mobile app.

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 top rate in the notice ISA chart this week once again came from Aldermore which pays 0.35% gross on anniversary on its 30 Day Notice Cash ISA Issue 12. It requires a £1,000 minimum deposit to open. Further additions are allowed. Withdrawals can be made providing 30 days’ notice, or alternatively, earlier access is permitted subject to 30 days’ loss of interest. Transfers in are accepted. Transfers out are subject to the same terms and conditions as withdrawals and earlier access. Flexible ISA rules apply so savers can withdraw and replace money into the ISA within the same tax year without it counting towards the annual ISA allowance. It must be opened and managed online. There is also a version of this ISA that pays interest monthly at the same gross rate.

Buckinghamshire Building Society continued to pay the next best notice ISA rate with its 30 Day Cash ISA paying 0.30% gross yearly. This ISA requires a £100 minimum deposit to open. It allows further additions. Withdrawals can be made subject to providing 30 days’ notice, or earlier access is allowed subject to 30 days’ loss of interest. This ISA does not accept transfers in. Transfers out are subject to the same terms and conditions as withdrawals and earlier access. It can be opened and managed in branch or by post. There is also a version of this ISA that pays interest monthly at the same gross rate.

Compare the best notice ISAs

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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