The Best ISA Rates This Week 30.07.20 | moneyfacts.co.uk

Derin Clark

Derin Clark

Online Reporter
Published: 30/07/2020

Savers looking to lock into a fixed rate ISA this week will be pleased to see that many of last week’s top rates remained in the charts. As well as this, Cynergy Bank removed the opening restrictions on its easy access ISA this week and is joint-top of the easy access ISA chart.

Savers should note that the rates below are the best rates available at 14:00 on Thursday 30 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

Provider Account Term Rate AER

Shawbrook Bank

United Trust Bank

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

Seven years

Seven years

1.25%

1.25%

UBL UK 5 Year Fixed Rate Cash ISA Five years 1.21%
UBL UK 3 Year Fixed Rate Cash ISA Three years 1.10%

Secure Trust Bank

UBL UK

2 Year Fixed Rate Cash ISA
2 Year Fixed Rate Cash ISA

26.08.22

Two years

0.90%

0.90%

Charter Savings Bank 1 Year Fixed Rate Cash ISA One year 0.76%

 

This week, both Shawbrook Bank and United Trust Bank both offered the top-paying fixed rate ISAs. Shawbrook Bank 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. This ISA must be opened online but can then be managed online and by phone. United Trust Bank pays 1.25% gross on anniversary on its ISA 7 Year Bond. This ISA requires a £15,000 minimum deposit to open. Transfers in are accepted. This ISA can only be opened by post but can then be managed by post and by phone.

UBL UK once again had the top-paying five and three year fixed rate ISAs this week. Its 5 Year Fixed Rate Cash ISA pays 1.24% gross on maturity, 1.21% gross on anniversary, and 1.20% gross quarterly or monthly. Its 3 Year Fixed Rate Cash ISA pays 1.11% gross on maturity, 1.10% gross on anniversary or quarterly, and 1.09% gross monthly. All versions of these ISAs require a £2,000 minimum deposit to open. They accept transfers in from cash ISAs. These ISAs can be opened in branch or by post, but can only be managed by post.

Secure Trust Bank and UBL UK both had the top two year ISA rate of 0.90% gross this week. Secure Trust Bank pays 0.90% gross yearly on its 2 Year Fixed Rate Cash ISA. This ISA requires a £1,000 minimum deposit to open and accepts transfers in from cash ISAs. It must be opened online but can then be managed online and by phone. UBL UK’s 2 Year Fixed Tate Cash ISA pays 0.90% gross on maturity, on anniversary or monthly. All versions of this ISA require a £2,000 minimum deposit to open. They accept transfers in from cash ISAs. These ISAs can be opened in branch or by post and then can only be managed by post.

The top-paying one year fixed ISA this week came from Charter Savings Bank, which pays 0.76% gross on anniversary or monthly. To open this ISA, a £5,000 minimum deposit is needed. It accepts transfers in. This ISA can only be opened and managed online.

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
Cynergy Bank Online ISA (Issue 4) None 0.90%
National Savings & Investments Direct ISA None 0.90%
Yorkshire Building Society Internet Saver ISA Plus Issue 5 None 0.65%

 

Cynergy Bank and National Savings & Investments both had the top paying easy access ISAs this week. Cynergy Bank pays 0.90% gross yearly on its Online ISA (Issue 4) which requires a £1 minimum deposit to open. To open and manage this account a Cynergy Bank Authenticator App or Digipass is required. It allows further additions and withdrawals. Transfers in from cash ISAs are accepted. This ISA must be opened and managed online.

National Savings & Investments (NS&I) pays 0.90% gross yearly on its Direct ISAon a £1 opening minimum deposit. It allows further additions. Withdrawals can be made at any time but must be made via a nominated account. Transfers in are not accepted. This ISA is 100% backed by HM Treasury. It can be opened and managed online and by phone.

The next best easy access ISA rate this week came from Yorkshire Building Society. It’s Internet Saver ISA Plus Issue 5 pays 0.75% gross on a balance of £50,000, 0.65% gross on a balance of £10,000, 0.45% gross on a balance of £1,000 and 0.15% gross on a balance of £1. Interest is paid yearly. This ISA allows further additions and withdrawals can be made at any time. Transfers in are accepted. It must be opened and managed online.

Easy access ISAs

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

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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