The Best ISA Rates This Week 24 06 21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 24/06/2021

This week has seen higher rates available in both the two and one year fixed rate ISA charts. Further down the chart, the last seven days have seen Close Brothers Savings increase the rates on its two and three year fixed rate ISAs and Kent Reliance increased the rates on its one and two year fixed rate ISAs by up to 0.20%.

Alternative option for long-term ISA savers

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

Shawbrook Bank

2 Year Fixed Rate Cash ISA Bond Issue 49

Two years

0.85%

Find out more

OakNorth Bank

Fixed Rate Cash ISA

12-months

0.61%

Find out more

 

Topping the fixed rate ISA chart this week was Shawbrook Bank which pays 1.25% gross on anniversary on its 7 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. Transfers in are accepted. The ISA must be opened online but can then be managed online and by phone. There is also a version of this ISA that pays interest monthly at a slightly lower gross rate.

UBL UK topped both the five and three year fixed ISA rate 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. Its 3 Year Fixed Rate Cash ISA pays 0.97% gross on maturity, 0.96% gross on anniversary, quarterly and monthly. All these ISAs need a £2,000 minimum deposit to open. They allow earlier access on closure only and subject to 270 days’ loss on interest on the three year option and 365 days’ loss of interest on the five year option. Transfers in from cash ISAs are accepted. All options of 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.

New to the top of the two year fixed ISA rate chart this week was Shawbrook Bank with its 2 Year Fixed Rate Cash ISA Bond Issue 49 which pays 0.85% gross on anniversary. 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. It must be opened online and then managed online and by phone.

OakNorth Bank was new to the top of the one-year fixed ISA chart this week paying 0.61% gross monthly on its 12 Month Fixed Rate Cash ISA. This ISA can be opened with a minimum deposit of just £1. Earlier access is allowed subject to 90 days’ loss of interest. Transfers in from cash ISAs are allowed but the account must be funded within 30 days of account approval or the account will be closed. It can be opened and managed online and via mobile app.

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
Yorkshire Building Society

Easy Access Cash ISA – Issue 21
Annual Access Account ISA Issue 4

None
 
Instant

0.45%
 
0.45%

Find out more
 
Find out more

Paragon Bank
 
Leeds Building Society

Triple Access ISA (Issue 4)
Limited Issue Online Access ISA (Issue 34)

None
 
None

0.41%
 
0.41%

Go to provider’s site
Go to provider's site

 

 

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). This account requires a £1 minimum deposit to open, along with a Cynergy Bank Authenticator App or Digipass to use online banking. It allows further additions. Withdrawals can be made at any time. Transfers in from cash ISAs are permitted on account opening only. The account can only be opened and managed online.

Both Charter Savings Bank and Yorkshire Building Society pay the next best easy access ISA rate of 0.45%. Charter Savings Bank pays 0.45% gross on anniversary on its Easy Access Cash ISA – Issue 21. To open this account a £5,000 minimum deposit is needed. It allows further additions and withdrawals, but all transactions must be via a nominated account. Transfers in are accepted. The account must be opened and managed online. There is also a version of this ISA that pays interest monthly at the same gross rate. Yorkshire Building Society pays 0.45% gross on anniversary on its Annual Access Account ISA Issue 4. A £100 minimum deposit is needed to open this ISA.. Further additions are allowed. Savers should note that all money deposit into the ISA must be new money to the building society. Withdrawals are restricted to one withdrawal day per anniversary year. Transfers in are accepted. Savers should be aware that this ISA reverts to an Easy ISA after 12 months. It can be opened in branch or by post but can then be managed online, in branch and by post.

Next third best easy access ISA rate this week came from both Paragon Bank and Leeds Building Society. Paragon Bank’s Triple Access ISA (Issue 4) pays 0.41% gross on anniversary and requires a minimum deposit of just £1 to open. This ISA allows further additions via a nominated account. Withdrawals are permitted but a lower rate of 0.25% is paid if more than three withdrawals are made in a 12-month period. Transfers in are accepted. It can only be opened and managed online. This is a flexible ISA, so savers can withdraw and replace money into the ISA within the same tax year without it counting towards the annual ISA allowance. Leeds Building Society pays 0.41% gross on maturity on its Limited Issue Online Access ISA (Issue 34). To open this ISA a minimum deposit of £1,000 is needed. It allows further additions while the issue remains open and withdrawals can be made at any time. Transfers in are accepted. The ISA must be opened and managed online. Savers should note that when this ISA matures on the 31 August 2022 it reverts to an Instant Access Cash ISA maturity account.

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

 

Once again Aldermore had the top paying notice ISA rate on an ISA that does not have localised opening restrictions. Its 30 Day Notice Cash ISA Issue 12 pays 0.35% gross on anniversary and requires a £1,000 minimum deposit to open. This ISA allows further additions. Withdrawals can be made subject to 30 days’ notice, or if notice is not given, earlier access is permitted subject to 30 days’ loss of interest. Transfers in are accepted. This ISA must be opened and managed online. There is a version of the ISA that pays interest monthly at the same gross rate. Savers should also note that this is a flexible ISA so they can withdraw and replace money into the ISA during the same tax year without it counting towards their annual ISA allowance.

Buckinghamshire Building Society’s 30 Day Cash ISA pays 0.30% gross yearly and needs a £100 minimum deposit to open. This ISA allows further additions. Withdrawals are permitted or, alternatively, earlier access is allowed subject to 30 days’ loss of interest. The ISA does not permit transfers in. It can be opened and managed in branch or by post. There is also a version of the ISA that pays interest monthly at the same gross rate.

Disclaimer

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