Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 How do your ISAs compare?

Author: Anna Bowes
27th April 2017

 

Savings Champion Rate Alert

Thursday 27th April 2017
With the first month of the 2016/17 tax year coming to an end, the flow of new cash ISAs launching continues.

This week, Britannia launched a new 1 and 2 year fixed rate cash ISA, paying 1.10% and 1.25% tax free/AER respectively, resulting in a rare appearance in our Fixed Rate Cash ISA Best Buy tables for the provider.

Although neither are reaching the pinnacle of their respective tables, it is encouraging to see yet another provider improving rates.

In our 1 year table Bank of Cyprus UK holds the top spot with its 1 Year Fixed Rate Cash ISA, paying 1.13% tax free/AER.

Paragon Bank occupy the throne in both the 2 and 5 year tables, paying 1.26% and 1.75% tax free/AER respectively. In addition to paying the market-leading rates, there is also the option of monthly interest payments for those that would prefer it.

Finally, in our 3 year table, Coventry Building Society leads the field with its Fixed Rate ISA (39), paying 1.40% tax free/AER.

For more information on these accounts and for a range of other options, 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.

Best Savings Deals Summary

If you have any queries regarding our Best Buy Tables, an account featured or the suitability of the account for your needs, please call us on 0800 321 3581.

Best Buy Table Best Account(s) Best Rate (AER)

High Interest Paying Current Account *

Nationwide Building Society

5.00%

Easy Access

 Yorkshire Building Society

1.15%

Fixed Rate Bonds

Paragon Bank (5 years)

2.25%

Variable Rate ISAs

 Hinckley & Rugby Building Society

1.20%

Fixed Rate Cash ISAs

Paragon Bank (5 years)

1.75%

Notice Accounts

 Paragon Bank (120 days)

1.30%

Monthly Income

Paragon Bank (5 years)

2.23% gross

Regular Savings

Nationwide Building Society / First Direct / M&S Bank / Santander

5.00%

Children's Accounts

Saffron Building Society / Halifax 
(Regular Savers)

4.00%

Junior ISAs

Coventry Building Society

3.25%

Help to Buy ISAs

Barclays

2.27%

Our Best Buy Tables are based on whole of market research, independent and have no commercial bias, ensuring that you can rely on them to make an informed decision. Alternatively, please call us on 0800 321 3581 to discuss your savings with one of our expert advisers.

*High interest current accounts often have a number of conditions attached to qualify for the headline rate. Please ensure you carefully read the terms and conditions before proceeding. Many of these current accounts do not require customers to switch their main account.

^Deposits held with RCI Bank are covered up to the value of €100,000 by the FGDR, which is the French equivalent of the UK Financial Services Compensation Scheme (FSCS). For more information on this, please call one of our advisers on 0800 321 3581.