Despite the tax year being well over a month old now, we have seen two competitive Cash ISAs launch into the savings market.
The
AA has launched a new easy access cash ISA paying a joint market-leading interest rate of 1.01% tax free/AER, though this does include a 0.81% bonus for the first 12 months. While the
Post Office also pays a rate of 1.01% tax free/AER, the introductory bonus is slightly lower at 0.76%.
For those who have already used their ISA allowance for the tax year,
RCI Bank^ continues to hold the top spot in our easy access best buy table, with a rate of 1.10% gross/AER.
In the fixed rate cash ISA market,
Paragon Bank has launched a new version of its 5 year ISA, paying a market-leading 1.80% tax free/AER.
For those looking for a shorter term,
Kingdom Bank is paying 1.20% tax free/AER on a base rate tracker ISA which has a 1 year term. Alternatively,
Bank of Cyprus UK is offering 1.13% tax free/AER for a 1 year fixed rate ISA.
For more information on these accounts and other options available, please refer to our
Best Buy Tables.
As always, if you would like any help with your savings or would like to discuss other available options, please call us on
0800 321 3581, we’d love to hear from you.
@savingschampion
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