The best ISA rates this week 26.08.21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 26/08/2021

During the last seven days a number of banks and building societies increased their ISA rates. Some of the most notable rate rises were from UBL UK and Shawbrook Bank, which topped the three and one year fixed ISA charts respectively as a result. Further down the chart, Paragon Bank, Furness Building Society, Leeds Building Society and United Trust Bank all increased their ISA rates this week.

Savers should note that the rates below are the best rates available at 12pm on Thursday 26 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

1.50%

Go to provider’s site

United Trust Bank

ISA 5 Year Bond

Five years

1.45%

Go to provider’s site

UBL UK

3 Year Fixed Rate Cash ISA

Three years

1.21%

Find out more

Paragon Bank

2 Year Fixed Rate Cash ISA

Two years

1.01%

Go to provider’s site

Shawbrook Bank

1 Year Fixed Rate Cash ISA Bond Issue 52

One year

0.80%

Find out more

 

The top fixed rate ISA rate this week continued to come from United Trust Bank which pays 1.50% gross on anniversary on its ISA 7 Year Bond. United Trust Bank also remained at the top of the five year ISA chart this week paying 1.45% 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. These ISAs must be opened by post but can then be managed online, by post and by phone.

Topping the three year fixed rate ISA chart this week was UBL UK, which pays 1.21% gross on anniversary on its 3 Year Fixed Rate Cash ISA, as well as a higher gross rate of 1.22% on maturity and a lower gross rate of 1.20% quarterly or monthly. The ISA requires a £2,000 minimum deposit to open. It allows earlier access on closure only and subject to 270 days’ loss of interest. Transfers in from cash ISAs are accepted. It 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.

Paragon Bank topped the two year fixed ISA chart this week paying 1.01% gross on anniversary or monthly on its 2 Year Fixed Rate Cash ISA. To open this ISA a £500 minimum deposit is needed. It allows earlier access subject to 180 days’ loss of interest. Transfers in are accepted. The ISA can be opened and managed online and by post.

The top rate in our one year fixed ISA chart this week came from Shawbrook Bank, which pays 0.80% gross on anniversary or monthly on its 1 Year Fixed Rate Cash ISA Bond Issue 52. This ISA requires a £1,000 minimum deposit to open. It permits earlier access subject to 90 days’ loss of interest. Transfers in are accepted. This ISA must be opened online but can then be managed online or by phone.

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

Paragon Bank

Limited Edition Easy Access ISA (Issue 8)

None

0.55%

Go to provider’s site

Leeds Building Society
Leeds Building Society
 
Marcus by Goldman Sachs®
Newcastle Building Society

Double Access Cash ISA
Limited Issue Online Access ISA (Issue 36)
Cash ISA
 
Newcastle Monthly Access ISA (0-1 withdrawals pm)

Instant
 
None
 
 
None
 
Instant

0.50%
 
0.50%
 
 
0.50%
 
0.50%

Find out more
 
Find out more
 
 
Find out more
 
Find out more

 

Cynergy Bank remained at the top of the easy access ISA chart this week paying 0.65% gross yearly on its Online ISA (Issue 15). To open this ISA a £1 minimum deposit is needed, as well as a Cynergy Bank Authenticator App or Digipass. It allows further additions and withdrawals can be made at any time. Transfers in from cash ISAs are accepted on account opening only. The ISA must be opened and managed online.

The second-best easy access ISA rate this week came from Paragon Bank, which pays 0.55% gross on anniversary or monthly on its Limited Edition Easy Access ISA (Issue 8). This ISA requires a £1 minimum deposit to open. Both further additions and withdrawals can be made. The ISA accepts transfers in. It can only be opened and managed online.

Four ISAs had the next-best easy access 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. Further additions are allowed while the issue remains open but withdrawals are restricted to two withdrawals per calendar year, there is then 30 days’ loss of interest on all further withdrawals. Transfers in are accepted. It can be opened and managed in branch or by post. Leeds Building Society also pays 0.50% gross on maturity on its Limited Issue Online Access ISA (Issue 36). A £1,000 minimum deposit is needed to open this ISA, which allows further additions while the issue remains open and unlimited withdrawals. Transfers in are accepted. The ISA can only be opened and managed online. Savers should be aware that this ISA matures on the 2 October 2022 when it reverts to an Instant Access Cash ISA maturity account. Marcus by Goldman Sachs® pays 0.50% gross monthly on its Cash ISA, which includes a 0.10% bonus for 12 months. This ISA does not require a minimum deposit to open but a UK mobile number is needed. It allows further additions and withdrawals via a nominated account. Transfers in are not accepted. The ISA can be opened online or via mobile app and then managed online, by phone and via mobile app. Newcastle Building Society also pays 0.50% gross monthly on its Newcastle Monthly Access ISA, which requires a £500 minimum deposit to open. The ISA allows further additions but withdrawals are restricted to one per month, if additional withdrawals are made a lower interest rate of 0.10% 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

 

Remaining at the top of the notice ISA chart this week was Aldermore, which pays 0.35% gross on anniversary or monthly on its 30 Day Notice Cash ISA Issue 12. This ISA requires a £1,000 minimum deposit to open. It allows further additions and withdrawals can be made subject to 30 days’ notice, alternatively, earlier access is permitted on 30 days’ loss of interest. Transfers in are accepted. This ISA must be opened and managed online.

The next-best notice ISA rate once again came from Buckinghamshire Building Society, which pays 0.30% gross yearly or monthly on its 30 Day Cash ISA. This ISA requires a £100 minimum deposit to open. It allows further additions. Withdrawals can be made subject to 30 days’ notice. Earlier access is also allowed but is 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

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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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