Savings round up - 27th June
We've seen more increases to best buy rates with new 18 Month, 1, 3 and 5 Year Fixed Rate bond leaders as well as new best buys for Fixed ISAs. We've rounded up the key changes and the leading rates from the past week:
Chase continue to lead the way at 1.50%, and appear to be working through their back log of applications. Next best is Aldermore Bank's Double Access Saver paying 1.40% but they no longer have second spot to themselves. I said last week I thought they'd be scope for increases and there duly has been . Sainsbury's Bank, Principality Building Society and Zop have moved alongside them. Sainsbury's and Principality both limit withdrawals but Zopa's is unlimited, although it is restricted to a maximum balance of £50,000. Aldermore's easy access account paying 1.35% looks the best unrestricted account still.
With 17 providers now paying between 1.30% - 1.40%, we expect to see further increases this week.
Oxbury Bank sit top of notice with 180 Day (1.95%), 120 Day (1.90%) and 95 Day (1.80%) notice accounts. They've been joined by Allica Bank, who also pay 1.80% on 95 Day Notice. However, UBL at 1.76% for 95 days notice via Raisin, may well be better for new savers as Raisin are also paying a £25 sign up bonus via our site, giving a return the equivalent of 2.01% for a saver depositing £10,000 in the first year.
Kent Reliance have dislodged Atom Bank from top spot with Friday's launch of a 2.61% 1 Year Fixed. Atom are tied for second spot as both Allica Bank and Tandem Bank also raised their 1 Year Fixed rates to 2.60% to move alongside them. Cynergy Bank are now demoted to joint 5th at 2.57%, with Charter Savings also paying the same rate. With 17 providers paying 2.50% - 2.61%, and 10 of those in the 2.55% - 2.61% range, it's a racing certainty there will be more movement in the top 1 Year rates this week.
Paragon are the new leaders at 2.75% via Raisin, with last week's leader, BLME down to second at 2.70%. United Trust are in to 3rd and they have knocked QIB, who pay 2.55%, down.
BLME still lead the way at 3% but the gap has fallen with SmartSave Bank, part of Chetwood Financial, paying an improved rate of 2.97% a nudge ahead of Allica Bank (2.96%), DF Capital and Monument Bank (both 2.95%).
PCF lead the way with an improved rate of 3.10%, knocking last week's leader BLME (3.05%) down to second spot. We now have five providers paying 3% and more with SmartSave (3.02%), Zopa (3.01%) and Paragon all improving their rates during the week.
BLME still lead the field at 3.10% but have Zopa close behind, after they improved their rate to 3.05% during the week. Ikano Bank are in third at 2.95%, just ahead of United Trust Bank at 2.92%.
Having blown everyone away by going 0.25% clear, BLME now have PCF Bank alongside them in top spot at 3.25%. Zopa are third at 3.11% just ahead of Paragon at 3.10% with Monument a nudge lower at 3.05%. Such was the competition in 5 Year last week that Ahli United Bank, last week's second place, now sit sixth.
ISAs
Paragon Bank's Triple Access ISA at 1.35% sits in top spot ahead of Cynergy Bank (1.31%) with Marcus and Saga sharing third spot at 1.30%, although 0.25% of that is a bonus rate.
Aldermore Bank lead the way paying 1.40% on its 30 Day Notice ISA, which is significantly clear of second place, which sees a three way tie of building societies at 1%. Family Building Society pay 1% on 35 Day Notice but you will need a £30,000 balance to get that, otherwise it is 0.80%. Teacher's Building Society and Melton Building Society both have lower thresholds for their 1% rate but want 90 Days and 100 Days notice respectively for access, or loss of the interest for the same number of days if access is without notice.
Paragon end the week in top spot at 2.10%, ahead of Virgin Money at 2.06% and Secure Trust Bank at 2.05%. UBL are fourth at 2.01% with a huge gap back to Kent Reliance at 1.86%.
Almost identical to 1 Year with Paragon the best buy at 2.40% ahead of Virgin Money at 2.36%. Secure Trust Bank are third at 2.35% but Shawbrook (2.33%) sit between them and UBL (2.31%).
Leeds Building Society lead the way paying 2.75% on their 30 Month Fixed rate, which is a long way clear of Paragon Bank's 2.55% in second place. Hampshire Trust Bank (2.50%) share third spot with Secure Trust.
Hampshire Trust Bank are the best buy at 2.60% alongside Paragon Bank, UBL and Secure Trust Bank with a huge drop to Shawbrook at 2.42%.