The Best ISA Rates This Week 29.07.21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 29/07/2021

Earlier in the week, United Trust Bank increased the rates on a range of its fixed rate ISAs, resulting in its seven year ISA topping the fixed rate ISA chart. Meanwhile, today Cynergy Bank removed the opening restriction on its easy access ISA, which means that it now offers the top rate on an easy access ISA available to new customers.

Savers should note that the rates below are the best rates available at 12pm on Thursday 29 July 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

1.35%

Go to provider’s site

UBL UK

3 Year Fixed Rate Cash ISA

Three years

1.06%

Go to provider's site

UBL UK

2 Year Fixed Rate Cash ISA

Two years

0.91%

Find out more

Shawbrook Bank

1 Year Fixed Rate Cash ISA Bond Issue 51

One year

0.74%

Find out more

 

New to the top of the fixed rate ISA chart this week was United Trust Bank, which pays 1.35% gross on anniversary on its ISA 7 Year Bond. This ISA requires a £15,000 minimum deposit to open. Earlier access is permitted subject to a penalty. Transfers in are accepted. This ISA must be opened by post but can then be managed online, by post and by phone.

UBL UK pays 1.07% gross on maturity on its 3 Year Fixed Rate Cash ISA. There are also versions of this ISA that pay 1.06% gross on anniversary and quarterly, as well as 1.05% gross monthly. UBL UK also topped the two year fixed chart paying 0.91% gross on maturity on its 2 Year Fixed Rate Cash ISA. There are also options of this ISA that pay the same gross rate on anniversary and monthly. All options of both ISAs require a £2,000 minimum deposit to open. They allow earlier access on closure only and subject to 180 days’ loss of interest on the two year version and 270 days loss of interest on the three year version. Transfers in from cash ISAs are permitted. These ISAs can be opened online, in branch, by post and via mobile app, they can then be managed online, in branch, by post, by phone and via mobile app.

Shawbrook Bank topped the one year fixed rate ISA chart this week paying 0.74% gross on anniversary on its 1 Year Fixed Rate Cash ISA Bond Issue 51. This ISA requires a £1,000 minimum deposit to open. Earlier access is permitted subject to 90 days’ loss of interest. Transfers in are accepted. It must be opened online but can then be managed online or by phone. There is also a version of this ISA that pays the same gross rate monthly.

Compare the best fixed rate ISAs

The best easy access ISA rates

 

Provider

Account

Notice

Rate AER

 

Cynergy Bank

Online ISA (Issue 14)

None

0.54%

Find out more

Leeds Building Society

Double Access Cash ISA

Instant

0.50%

Find out more

Leeds Building Society

Limited Issue Online Access ISA (Issue 35)

None

0.50%

Find out more

Marcus by Goldman Sachs®

Cash ISA

None

0.50% (includes a 0.10% bonus for 12 months)

Find out more

 

Topping the easy access ISA chart this week was Cynergy Bank, which pays 0.54% gross yearly on its Online ISA (Issue 14). A £1 minimum deposit is needed to open this ISA, along with a Cynergy Bank Authenticator App or Digipass. It allows further additions and withdrawals. Transfers in from cash ISAs are accepted but transfers in are only permitted on account opening. It must be opened and managed online.

Three ISAs paid the next-best rate of 0.50% gross 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. This ISA allows further additions whilst the issue remains open. Withdrawals are restricted to two per calendar year, there is then a 30 days’ loss of interest penalty on all further withdrawals. It accepts transfers in. The ISA can be opened and managed in branch and by post. Leeds Building Society also pays 0.50% gross on maturity on its Limited Issue Online Access ISA (Issue 35). To open this ISA a £1,000 minimum deposit is needed. Further additions can be made whilst the issue remains open and withdrawals are allowed. Transfers in are accepted. The ISA must be opened and managed online and savers should be aware that it matures on the 31 August 2022 when it reverts to an Instant Access Cash ISA maturity account.

Marcus by Goldman Sachs® continues to pay 0.50% gross monthly, which includes a 0.10% bonus for 12 months, on its Cash ISA. This ISA does not require a deposit to open, but a UK mobile number is needed. Transfers in are not accepted. This ISA can be opened online or via mobile app and then managed online, by phone and via mobile app.

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 continued to have the top paying notice ISA this week. Its 30 Day Notice Cash ISA Issue 12 pays 0.35% gross on anniversary on a £1,000 minimum opening deposit. This ISA allows further additions. Withdrawals can be made subject to 30 days’ notice or earlier access is permitted subject to 30 days’ loss of interest. Transfers in are accepted. The ISA must be opened and managed online. There is also a version of this ISA that pays interest monthly at the same gross rate.

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

Compare the best notice ISAs

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