As expected with the start of the new tax year, a torrent of new cash ISAs entered the market.
Bank of Cyprus UK launched a new range of fixed rate cash ISAs.
1 Year Fixed Rate Cash ISA - 1.13% tax free/AER
2 Year Fixed Rate Cash ISA - 1.23% tax free/AER
3 Year Fixed Rate Cash ISA - 1.28% tax free/AER
The most striking of which is the 1 year account, which now sits top of our best buy table.
In the longer term table,
Paragon Bank relaunched its 5 year fixed rate cash ISA, paying 1.75% tax free/AER.
Looking towards the variable rate ISA table changes were plentiful, with new best buys coming from;
RBS, Natwest, Skipton Building Society and
AA.
RBS and
NatWest launched new accounts, paying 1.05% tax free/AER and 1.01% tax free/AER respectively. Although it is important to note that both come with a funding requirement, £20,000 must be deposited by the 5th of May 2017.
Further down the table,
Skipton Building Society and
AA also launched new accounts, paying 1.00% tax free/AER and 0.96% tax free/AER respectively.
For further information on these accounts and other options available, please see our
Best Buy Tables.
As always, if you would like any help with your savings or would like to discuss further options, please call us on
0800 321 3581, we’d love to hear from you.
@savingschampion
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