The Best ISA Rates This Week 26.11.20 | moneyfacts.co.uk

Derin Clark

Derin Clark

Online Reporter
Published: 26/11/2020

The top ISA rate available in the charts this week continues to be offered on a seven year fixed rate ISA, which pays 1.25% AER. Savers looking for an easy access ISA will be disappointed to see that Paragon Bank’s chart-topping ISA from last week has been withdrawn, resulting in a new, lower rate now topping this chart. Meanwhile, in the notice ISA chart, last week’s top rate of 1.00% AER is no longer available, and two providers now offer the new top rate of 0.75% AER.

It should be noted that the rates below are the best rates available at 12pm on Thursday 26 November 2020 and, although correct at the time of publishing, they may not be available after this time.

The best fixed rate ISA savings rates

Provider Account Term Rate AER
Shawbrook Bank 7 Year Fixed Rate Cash ISA Bond Issue 3 Seven years 1.25%
UBL UK 5 Year Fixed Rate Cash ISA Five years 1.15%
UBL UK 3 Year Fixed Rate Cash ISA Three years 0.81%

Cambridge Building Society

Marsden Building Society
Monmouthshire Building Society

Members' 2 Year Fixed Rate ISA (Issue 3)
Fixed Rate Cash ISA (Issue 132)
2 Year Fixed Rate Cash ISA - Issue 8

Two years


28.02.23

Two years

0.80%


0.80%

0.80%

Virgin Money 1 Year Fixed Rate Cash ISA Exclusive Issue 1 29.10.21 1.00%

 

The best rate overall in the fixed ISA rate chart this week came from 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 accepts transfers in. 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.

The top-paying five year fixed ISA rate this week came from UBL UK, which pays 1.18% gross on maturity on its 5 Year Fixed Rate Cash ISA. There are also versions of this ISA that pay 1.15% gross on anniversary or quarterly and 1.14% gross monthly. UBL UK also topped the three year fixed ISA chart this week with its 3 Year Fixed Rate Cash ISA, which pays 0.82% gross on maturity, as well as versions that pay 0.81% gross on anniversary, quarterly or monthly. All these ISAs require a £2,000 minimum deposit to open and accept transfers in from cash ISAs. These ISAs can be opened in branch or by post but can then only be managed by post.

Three ISAs had the highest-paying two year fixed ISA rates this week. Cambridge Building Society pays 0.80% gross yearly on its Members’ 2 Year Fixed Rate ISA (Issue 3). This ISA is only available to existing members who have held a savings or mortgage account with Cambridge Building Society for the last three months. A £500 minimum deposit is needed to open this ISA. It accepts transfers in until 5 April 2021. The ISA can be both opened and managed in branch, by post and by phone. Marsden Building Society pays 0.80% gross yearly until 28.02.23 on its Fixed Rate Cash ISA (Issue 132), which requires a £5,000 minimum deposit to open. This ISA is only available to existing members and/or those who live within certain postcode areas. It accepts transfers in from cash ISAs, but transfers must be received within 30 days of account opening. The ISA can only be opened and managed in branch. Monmouthshire Building Society pays 0.80% gross yearly on its 2 Year Fixed Rate Cash ISA – Issue 8. To open this ISA, a £3,000 minimum deposit is needed. This ISA can only be opened by those living in England and Wales. It accepts transfers in from cash ISAs. The ISA must be opened in branch but can then be managed online, in branch and by post.

The one year fixed ISA rate chart was topped by Virgin Money, which pays 1.00% gross on maturity, and when the ISA matures on 29.10.21, it will revert into an Easy Access Cash ISA Exclusive account. This ISA requires no minimum deposit to open and is only available to new and existing Virgin Money, Clydesdale Bank or Yorkshire Bank current account customers from 4 December 2019. It accepts transfers in. The ISA can be opened online or in branch and then managed in branch and by post.

Compare the best fixed rate ISAs

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

The best easy access ISA rates

Provider Account Notice Rate AER
Al Rayan Bank Instant Access Cash ISA (Issue 2) Instant 0.60% (expected profit rate)
Bath Building Society Instant ISA Instant 0.60%
Earl Shilton Building Society Instant Access Cash ISA Instant 0.60%
Scottish Building Society Loyalty Cash ISA Instant 0.60%
Skipton Building Society Cash ISA Saver Plus Issue 1 Instant 0.60% (includes a 0.20% bonus for 12 months)
Teachers Building Society Teachers for Teachers Easy Access ISA (Issue 1) None 0.60%

 

During the week, Paragon Bank withdrew its chart-topping Triple Access ISA (Issue 2), resulting in six ISAs now paying the top rate of 0.60% in the easy access ISA chart this week.

Al Rayan Bank pays an expected profit rate of 0.60% gross monthly on its Instant Access Cash ISA (Issue 2). This ISA requires a £50 minimum deposit to open. It allows further additions and withdrawals. Transfers in are accepted. The ISA can be both opened and managed online, in branch, by post, by phone and via mobile app.

Bath Building Society pays 0.60% gross yearly on its Instant ISA, which requires a minimum opening deposit of just £1. This ISA allows further additions and withdrawals. Transfers in from cash ISAs are accepted. The ISA can be both opened and managed in branch and by post.
Requiring a £10 minimum deposit to open, Earl Shilton Building Society pays 0.60% yearly on its Instant Access Cash ISA. This ISA is only available to existing members and/or locals within certain postcode areas. It allows further additions and withdrawals. Transfers in are not permitted. The ISA can be both opened and managed in branch and by post.

Also paying 0.60% yearly this week was Scottish Building Society’s Loyalty Cash ISA. To open this ISA, a £1 minimum deposit is needed. It allows further additions and withdrawals. Transfers in are accepted. The ISA can be both opened and managed in branch and by post.

Skipton Building Society’s Cash ISA Saver Plus Issue 1 pays 0.60% gross on anniversary, which includes a 0.20% bonus for 12 months. This ISA requires a £1 minimum deposit to open. It allows further additions, which must be new money to the institution and unlimited withdrawals. Transfers in are accepted but must be external transfers. The ISA can be both opened and managed in branch, by post and by phone.

Teachers Building Society pays 0.60% gross yearly on its Teachers for Teachers Easy Access ISA (Issue 1), which is only available to teachers and other education professionals. This ISA requires a £100 minimum deposit to open. It allows further additions and withdrawals. Transfers in are accepted but must be external transfers. This ISA can be both opened and managed online and by post.

Compare the best easy access ISAs

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

The best notice ISA rates

Provider Account Notice Rate AER
Earl Shilton Building Society
Teachers Building Society
90 Days Notice Cash ISA
Education ISA (Issue 2)

90 days

90 days

0.75%

0.75%

Aldermore 30 Day Notice Cash ISA Issue 10 30 days 0.55%

 

Two providers topped the notice ISA chart this week. Earl Shilton Building Society pays 0.75% gross yearly on its 90 Days Notice Cash ISA. This ISA requires a £10 minimum deposit to open and is only available to existing members and/or locals within certain postcode areas. It allows further additions. Withdrawals can be made subject to 90 days’ notice and, if notice is not given, earlier access is permitted on 90 days’ loss of interest. Transfers in are not accepted. This ISA can be both opened and managed in branch and by post.

Teachers Building Society pays 0.75% gross yearly on its Education ISA (Issue 2), which requires a £100 minimum deposit to open. This ISA is only available to teachers and other education professionals. It allows further additions and withdrawals can be made subject to 90 days’ notice. Transfers in are accepted but must be external transfers. This ISA can be both opened and managed online and by post.

For those looking for a shorter-term notice ISA, Aldermore tops the up to 60 days’ chart, with its 30 Day Notice Cash ISA Issue 10 paying 0.55% gross on anniversary or monthly. This ISA requires a £1,000 minimum deposit to open. It allows further additions. Withdrawals can be made subject to 30 days’ notice and, if notice is not given, earlier access is permitted on 30 days’ loss of interest. Transfers in are accepted. This ISA can only be opened and managed online.

Compare the best notice ISAs

All the rates available can be found on our notice ISA charts.

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.

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