ISA round up - 3rd April
Easy access ISA rates remain unchanged but this is not particularly surprising as we saw ISA providers slow to respond to the last Base Rate increase. However, fixed rates have improved with Santander and Virgin Money vieing for top spot in 1 and 2 Year Fixed and Leeds Building Society particularly competitive in 2 and 3 Year too. However, ISA savers should move quickly as we are seeing several providers pulling their ranges from sale until the new tax year. Cynergy's have already gone and Aldermore's and Shawbrook's go at 2pm and 3pm this afternoon, so move quickly if you want to use your ISA allowance before the tax year end on Wednesday, as the best rates may have gone by then. Here's our round up of the best buys and key changes in the Individual Savings Account markets:
Cynergy Bank have pulled their 3.20% rate from sale but Santander and Paragon Bank's Triple Access ISA both still pay 3.20% in top spot. They are ahead of Shawbrook Bank at 3.17% with Gatehouse Bank and Teachers Building Society tied at 3.15% - with 3.20% available for teachers and education professionals with the latter. Principality Building Society are next at 3.10%, although this does include a 0.40% bonus for 12 months. Yorkshire Building Society also pay 3.10% but as it only allows one withdrawal per annum, we haven't included it in our tables. Ford Money were the notable mover - increasing their rate to 3%.
There's a great offer for savers who haven't signed up to Hargreaves Lansdown's Active Savings - they are offering £100 cashback on Coventry Building Society's Limited Access ISA paying 3%, for those saving at least £10,000. This equates to a 4% annual return on £10,000 or 3.50% for those saving the full £20,000 ISA allowance.
Furness Building Society are leading the way at 3.30% on their 45 Day Notice. Mansfield Building Society pay 3.25% - but on a huge 180 Days' Notice, although they do pay 2.85% on 95 Days. Newcastle Building Society's 100 Day Notice pays 3.10% ahead of Loughborough Building Society, who pay 3.05% on 120 Day Notice. Like Mansfield, this account is only available by post or in branch. Aldermore Bank pay 2.80% for 30 Day Notice.
Santander are the new leader, paying 4.15% for 1 Year Fixed but Virgin Money are close behind following their increase to 4.11%. Leeds Building Society were also on the move - up to 4.10% to move alongside Gatehouse Bank. UBL Bank pay 4.01% to share fifth spot with Charter Savings. They are ahead of Shawbrook who pay 3.98%, to stay ahead of Castle Trust Bank and Paragon Bank at 3.96%, with Aldermore Bank at 3.95%.
Virgin Money are back on top at 4.26%, dropping Santander down to joint second, where they have been joined by Leeds Building Society at 4.20% and Gatehouse Bank. Charter Savings Bank and Paragon Bank both pay 4.15% ahead of Kent Reliance and Secure Trust at 4.10% with Aldermore Bank completing the top ten at 4.05%.
Gatehouse Bank and Leeds Building Soceity tie for top spot at 4.20% but Aldermore Bank are close behind paying 4.15%, alongside Paragon Bank and ahead of UBL Bank at 4.11%. Ford Money, State Bank of India and Secure Trust Bank all pay 4.10%.
There's no change on 5 Year as Gatehouse Bank continue to lead the way at 4.20% with United Trust Bank at 4.05% ahead of a three way tie for third - UBL pay 4% as do Secure Trust Bank and West Brom Building Society.
Moneybox remain outright top at 3.50%. The Moneybox rate does include a 0.75% bonus for 12 months. Bath Building Society are next paying 3.19% on their Lifetime ISA but savers must be existing customers or live in the Bath area. Beehive Money are third at 3% alongside Nude Finance but their 3% rate comes with a £2 monthly fee. Paragon Bank and Newcastle Building Society both pay 2.50% and Skipton are the laggards at 2.30%.