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MONEYFACTS ARCHIVE. This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Michelle Monck

Michelle Monck

Consumer Finance Expert
Published: 23/07/2020

Savers should note that the rates below are the best rates available at 
15:00 on Thursday, 23 July 2020 and, although correct at the time of publishing, they may not be available after this time.

The best fixed rate ISA savings rates




Rate AER

Shawbrook Bank

 United Trust Bank

7 Year Fixed Rate Cash ISA Bond Issue 3
 ISA 7 Year Bond

Seven years

 Seven years




5 Year Fixed Rate Cash ISA

Five years



3 Year Fixed Rate Cash ISA

Three years


Gatehouse Bank

2 Year Fixed Term Cash ISA

Two years

0.95% (expected profit rate)

Skipton Building Society

16 Month Fixed Rate ISA Issue 126 and Online Fixed Rate ISA Issue 26

16 months


The fixed rate ISA chart has only one change this week, with the best rate for a short-term fixed ISA account now available from Skipton Building Society. It launched two new ISAs today, both offering a rate of 0.75% AER. The only difference between these two is the method of opening and managing the ISA. The online version is only available on the society’s website, while the other is available in a branch, by post or by phone. Savers need to have at least a minimum balance of £1,000 to open these ISAs. Interest is paid on the anniversary of the account opening and this can be compounded or paid to another account. Savers must make sure they can commit their funds for the full 16 months, as access before this will incur a 150-day loss of interest penalty and account closure. Savers that need to transfer their cash or stocks & shares ISA can move their ISA savings into this account within seven days of account opening. Savers need to make sure they use the transfer-in process form from Skipton Building Society and not close their current ISA as closing their existing ISA will result in their funds losing their tax-free status. Read more in our guide to transferring ISAs.

Fixed rate ISAs

All the rates available can be found on our fixed rate ISA chart.

The best easy access ISA rates




Rate AER

National Savings & Investments

Direct ISA




Cash ISA Account



Yorkshire Building Society

Internet Saver ISA Plus Issue 5



National Savings & Investments (NS&I) announced this week a substantial increase to its funding requirements for 2020. The Government-backed bank now needs to find £35 billion of savings compared to only £6 billion set out at the beginning of the year. Unsurprisingly then, NS&I still sits at the top of the easy access ISA table. However, ISA savers will not be able to transfer existing ISA savings into this account, so the maximum balance allowed is the current £20,000 ISA subscription limit. AIB remains in second place at 0.75% AER, however, as this ISA can only be opened in branch, this may prove inconvenient for some savers. The bank has seven branches across England and Scotland; these are located in Glasgow, London, Birmingham, Manchester, Liverpool and Newcastle. The last two are temporarily closed.
To bring ISA savers more choice this week, the chart above has been updated to exclude Cynergy Bank’s Online ISA (Issue 4) as this is only available to existing customers. The chart now includes Yorkshire Building Society as the next-best rate. Yorkshire Building Society’s Internet Saver ISA Plus Issue 5 must be opened and managed online. The interest savers can earn will increase as they hold more funds in the account:

  • £1 - £999 – 0.15% AER
  • £1,000 - £9,999 – 0.45% AER
  • £10,000 - £49,999 – 0.65% AER
  • £50,000 and over – 0.75% AER

This ISA does accept transfer-ins from many types of ISAs, such as stocks and shares ISAs and Lifetime ISAs, however, Help to Buy ISAs are not included.

Those ISA savers looking for an ISA that accepts Additional Permitted Subscriptions (APS) can find out more about how these work and those providers that usually accept ISA APS funds in our APS guide.

Easy access ISAs

All the rates available can be found on our easy access ISA chart.


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. 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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