🔔 Rates Rundown: Fixed rate best buys galore

This week has seen new fixed rate bonds hit our tables across a range of terms, along with two new notice accounts.

To begin, following the Bank of England base rate increase at the beginning of August, we have seen a number of providers increase rates across a range of variable rate accounts over the last few weeks – though by no means all of them - so sign up to our Rate Tracker Service and see how your accounts fare in the current market!

This week has been busy, with action spanning many of our best buy tables.

Masthaven* took the crown in both our four year and five year fixed rate bond tables this week. While Bank & Clients were also in on the act, with a joint market-leading two year bond and a new three year account which also features in the top five.

In our fixed rate cash ISA table, we saw Paragon hit the leading spot in our one year table and claim second position in our three year table.

Elsewhere, Paragon sent ripples through our notice account best buy table, launching a new 120 day notice account. Additionally, OakNorth’s 90 day notice account also now features in our top five.

Finally this week, in our easy access table, Bank of Cyprus UK was the big mover, as the provider climbed to joint second place.

Fixed Rate Bonds

Masthaven launched a new range of its fixed term bonds this week, with a number of leading rates on offer.

The new four and five year accounts have taken the leading positions in our respective tables, paying 2.53% gross/AER* and 2.69% gross/AER*.

Masthaven also features in our three year table, this time in second position, paying 2.36% gross/AER*.

Our two year table saw Bank & Clients enter and head straight into the joint leading position with Tandem – both providers paying 2.25% gross/AER.

Meanwhile, ICICI Bank rules the roost in our one year table, paying 2.02% gross/AER* – interestingly it is possible to earn up to 2.22% when applying through the Raisin UK savings platform – more information on this can be found in our article here.

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 dominance of our notice account table has been weakened further this week.

Paragon launched a new version of its 120 day notice account, paying 1.80% gross/AER, sliding into our top five and ousting Secure Trust Bank’s 120 day account from our table.

Meanwhile, OakNorth’s 90 day notice account also knocked Secure Trust Bank from our table, paying 1.77% gross/AER on the latest version of its account.

All the while, PCF Bank continues to offer the top rate (1.85% gross/AER) on its 180 day notice account.

Further information on these accounts and other leading rates can be found in our notice account best buy table.

Easy Access

This week we have seen Bank of Cyprus UK increase the rate offered on its Online Easy Access Account – Issue 18, which propelled the provider up into joint second position in our table.

Both Bank of Cyprus UK and Virgin Money offer 1.36% gross/AER, though both are still off the pace of Coventry Building Society’s Limited Access Saver (2) – paying 1.40% gross/AER.

Meanwhile, Sainsbury’s Bank holds fourth spot, paying 1.35% gross/AER on its Defined Access Saver – Issue 6.

Finally, we have RCI Bank’s Freedom Savings Account* (1.30% gross/AER) fulfilling the role of the simple easy access account, free from any bonus or restrictions on withdrawals, in contrast with each of the accounts mentioned above.

Further information on each of these accounts can be found in our easy access best buy table.

Fixed Rate ISAs

Paragon headed to the top spot in our one year fixed rate cash ISA table this week, paying 1.55% tax free/AER - just edging out Bank of Cyprus UK (1.54%).

Paragon also launched a new version of its three year account, paying 1.86% tax free/AER – pushing the provider up into second place.

For the full range of accounts over various terms, please refer to our full fixed rate cash ISA best buy tables.

Variable Rate ISAs

This area of the market was quiet over the last week. Charter Savings Bank still sits proudly ahead of the field, paying 1.40% tax free/AER on its 95 day notice account.

Meanwhile Al Rayan Bank offers the top rate on an easy access cash ISA (1.35% tax free/AER) that does not restrict the number of withdrawals you can make in a year.

To see how our top five stack up, take a look at our variable rate cash ISA 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...