The Best ISA Rates This Week 23.9.21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 23/09/2021

UBL UK increased the rate on its five year fixed ISA on Monday, resulting in its now paying a new top rate of 1.51% AER in the fixed rate ISA chart. Meanwhile, a rate rise now sees OakNorth Bank topping the one year fixed rate ISA chart paying 0.86% AER. Savers looking for an easy access ISA will find that during the week both Virgin Money and Paragon Bank withdrew their easy access ISA deals, however, these withdrawals have not impacted the top rate in the chart which still stands at 0.60% AER from Cynergy Bank.

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 11am on Thursday 23 September 2021 and, although correct at the time of publishing, providers may reduce or withdraw rates at any time. In addition, the rates highlighted are available only 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

1.51%

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

OakNorth Bank

Fixed Rate Cash ISA

12-months

0.86%

Find out more

 

This week saw UBL UK top the fixed rate ISA chart overall, as well as the three year fixed ISA chart. Its 5 Year Fixed Rate Cash ISA had the top-paying fixed ISA rate of 1.56% gross on maturity, as well as offering options that pay 1.51% gross on anniversary and 1.50% gross quarterly or monthly. Meanwhile, its 3 Year Fixed Rate Cash ISA pays 1.22% gross on maturity, 1.21% gross on anniversary and 1.20% gross quarterly or monthly. All options of the ISA require a £2,000 minimum deposit to open. They accept transfers in from cash ISAs. 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.

Hodge Bank topped the two year fixed ISA chart this week paying 1.15% gross on anniversary on its 2 Year Fixed Rate Cash ISA. A £1,000 minimum deposit is needed to open this ISA. It accepts transfers in from a minimum transfer amount of £1,000. The ISA 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 a lower gross rate of 1.14%.

Topping the one year fixed rate ISA chart this week was OakNorth Bank with its Fixed Rate Cash ISA paying 0.86% gross monthly. This ISA requires a £1 minimum deposit to open. Transfers in from cash ISAs are accepted and 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 16)

None

0.60%

Find out more

Leeds Building Society

Limited Issue Online Access ISA (Issue 37)

None

0.55%

Go to provider’s site

Paragon Bank

Limited Edition Easy Access ISA (Issue 8)

None

0.55%

Go to provider’s site

Coventry Building Society

Limited Access ISA (Online) (2)

None

0.55%

Find out more

 

Cynergy Bank continued to top the easy access ISA chart this week paying 0.60% gross yearly on its Online ISA (Issue 16). A £1 minimum deposit is needed to open this ISA, along with a Cynergy Bank Authenticator App or Digipass which is also needed to manage the ISA. It allows both further additions and withdrawals. Transfers in are accepted on account opening only. The ISA must be opened and managed online.

Three ISAs had the second-best easy access ISA rate this week. Leeds Building Society pays 0.55% gross on maturity on its Limited Issue Online Access ISA (Issue 37). The ISA requires a £1,000 minimum deposit to open and savers should note that it matures on 31 October 2022 when it becomes an Instant Access Cash ISA maturity account. Further additions are allowed while the issue remains open and withdrawals can be made via a nominated account. Transfers in are accepted. This ISA can only be opened and managed online.

Paragon Bank pays 0.55% gross on anniversary or monthly on its Limited Edition Easy Access ISA (Issue 8), which requires a £1 minimum deposit to open. It allows further additions, which must be made via a nominated account, and withdrawals. Transfers in are accepted. This ISA can only be opened and managed online.

Coventry Building Society’s Limited Access ISA (Online)(2) pays 0.55% gross on anniversary or monthly and requires a £1 minimum deposit to open. The ISA allows further additions but withdrawals are restricted to six penalty-free withdrawals per annum and then all further withdrawals are subject to 50 days’ loss of interest. Transfers in are accepted but all transferred in funds, except those from cash ISAs, must be sent by cheque with a transfer history form. This ISA can only be opened and managed online.

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 once again remained at the top of the notice ISA chart with its 30 Day Notice Cash ISA Issue 12 paying 0.35% gross on anniversary or monthly. This ISA requires a £1,000 minimum deposit to open and allows further additions. Withdrawals can be made subject to 30 days’ notice, or earlier access is permitted on 30 days’ loss of interest. Transfers in are accepted. This ISA must be opened and managed online.

This week also saw Buckinghamshire Building Society continue to offer the second-best notice ISA rate with its 30 Day Cash ISA paying 0.30% gross yearly or monthly. Further additions are allowed. Withdrawals are permitted subject to 30 days’ notice or earlier access is allowed subject to 30 days’ loss of interest. This ISA does not accept transfers in. It can be opened and managed in branch or by post.

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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