In this short working week, we have seen changes a plenty, including multiple accounts streaking to the top of our tables.
A continually changing set of best buy tables this week, with no fewer than four new market-leading accounts unleashed into the market.
We have also seen a deluge of changes amongst off sale accounts coming towards the end of the week and start of the new month – so to ensure you are earning the best rate possible, sign up to our Rate Tracker and see how your accounts stack up in the current market!
Starting with cash ISAs, United Trust Bank was amongst the action, launching three new fixed rate products, including a five year account offering the joint market-leading rate.
ICICI Bank stepped back up into our fixed rate bond best buy table again with the joint market-leading rate. Interestingly, the account is also offered as part of the Raisin UK platform – through which you can potentially earn the equivalent of 2.22% - for more information on this, please read our article on cash savings platforms.
Tandem launched a new range of its fixed saver accounts this week, including a market-leading rate.
Meanwhile, Vanquis Bank has returned to our four and five year fixed rate tables, with competitive accounts on both.
There was also action amongst our notice account best buy table this week, as PCF Bank made an emphatic return with a new 180 day notice account – no surprises here – with a market-leading rate.
Finally, RCI Bank has made a return to our easy access table after a period of sitting just shy of the top five - although still offering 1.30% gross/AER – read on for more information.
If you're unsure if cash is the best investment for you and feel you might benefit from speaking to a Chartered Independent Financial Adviser, we may be able to help you.
Or call us on 0800 011 9705
Fixed Rate ISAs
United Trust Bank’s latest range of cash ISAs claims two positions in our tables, while additionally offering a market-leading four year account.
The provider’s new three year product pays 1.85% tax free/AER and joins Shawbrook Bank in second position in our table.
Meanwhile, the latest five year account joins Coventry Building Society in joint first place, both paying 2.30% tax free/AER.
The key difference to note, United Trust Bank is only available to those transferring in a minimum of £15,000 of ISA funds from other providers – no new non-ISA money can be added to the accounts.
In our one year term, Bank of Cyprus UK tops our table, paying 1.54% tax free/AER*, while Charter Savings Bank continues to lead our two year table – 1.71% tax free/AER.
For the full range of accounts over various terms, please refer to our full fixed rate cash ISA best buy tables.
Fixed Rate Bonds
A trio of providers made waves across our fixed rate bond tables this week.
We saw Vanquis Bank climb up to joint second position in the five year table, paying 2.68% gross/AER matching PCF Bank and Charter Savings Bank.
Not done there, Vanquis Bank additionally made a return to the top spot in our four year table, paying 2.52% gross/AER.
Tandem also released new versions of its fixed saver accounts, the pick of the bunch – its three year offering.
The provider surpassed the previous leader (Secure Trust Bank) and pays 2.40% gross/AER on its account that is available to open online with a minimum of £1,000.
Finally, ICICI Bank made a return to our one year table this week – the joint-leading rate on offer of 2.02% gross/AER.
For other top rates across a variety of terms, please refer to our full fixed rate bond best buy tables.
Notice Accounts
Secure Trust Bank’s stronghold over our notice account best buy table has finally been relinquished this week.
PCF Bank launched a new 180 day notice account which stormed to the top spot paying 1.85% gross/AER.
It is interesting to note that, unlike the others in our top five, this account is not purely an online account. Yes, you can apply and mange funds online – but for those that prefer it, you can apply by post and manage it in the same manner or via the telephone.
Secure Trust Bank’s 120, 90 and 60 day accounts still occupy three positions in our table, with Charter Savings Bank completing it with its 30 day notice account.
Further information on these accounts can be found in our notice account best buy table.
Easy Access
As a result of providers jostling for position, we saw a familiar name returned to our table this week - RCI Bank.
Coventry Building Society climbed to first spot, with the newly launched Double Take E-Saver from Virgin Money hot on its heels.
The latest version of the Double Take E-Saver pays 1.36% gross/AER – and as the name states – you are only permitted to make two withdrawals each year.
Next up we see Birmingham Midshires in third, with Bank of Cyprus UK’s latest Online Easy Access Account holding fourth – both of which hold bonuses for an introductory period.
To ensure we keep a simple and straightforward easy access account in our best buy table, we have this week seen the return of RCI Bank’s Freedom Savings Account*.
For further information on each of these accounts, please refer to our easy access best buy table.
Our Bath based savings experts are on hand if you would like any help with your savings, so why not give us a call on 0800 011 9705, we’d love to hear from you.
Alternatively, if you want to keep up to date with best buy rates as they hit the market, follow us on Twitter and sign up to our Rate Alert emails.
*We are occasionally paid by some providers if you click through from our Best Buy Tables and open a savings or current account with them. We will never accept a payment that compromises in any way our independent, whole of market approach to providing information on savings products. For clarity we will indicate those companies who remunerate us with an asterisk (*).
You might also like...
@savingschampion
Find us on Facebook