🔔 The never-ending story - OakNorth again pips its competition to the top of the tables

After a week of to-ing and fro-ing, OakNorth has today launched the latest version of its 12 Months Fixed Rate Cash ISA paying a market-leading 1.78% tax free/AER.

In the last two weeks, OakNorth has had no less than six versions of its 12 Months Fixed Rate ISA, as it payed the hokey cokey in our best buys, mainly with Shawbrook Bank.

Over the last week alone, the rate increased from 1.74% to 1.76%, then to 1.78% on 12th March - where it remained in top spot for just two days, as it was withdrawn on the 14th March, replaced with yet another new rate – albeit a lower one of 1.75% tax free/AER.

So, today’s news has seen the current version repeat the previous rate of 1.78% tax free/AER and reclaim its position at the top of the tables.

>> Take a look at our fixed rate ISA best buy tables.

For those who don’t want to tie up their funds, whilst the competition in the easy access cash ISA arena seems to have taken a breather over the last week, the rates are very competitive and in fact some of the easy access cash ISAs available are now on a par with the standard non-ISA savings accounts.

Coventry Building Society’s Easy Access ISA (Online) is still available, paying 1.50% tax free/AER, which is just a smidge under the best taxable gross rate of 1.51% gross/AER, which is available on The Family Building Society's Premium Saver (3).

For those who have used their Personal Savings Allowance (PSA) and are paying tax on their savings interest, after the deduction of basic rate tax, the rate of 1.51% gross will fall to 1.21% - which once again illustrates the importance of at least considering a cash ISA – especially now that some of the best buy rates are looking so competitive.

>> Take a look at our variable rate cash ISA best buy table

Ultimately, whilst it can be tricky to keep up to date with the movements between providers in the best buy tables, this kind of jostling for position is pushing rates up - which benefits savers.

If you need any help with finding the best savings account for you, do not hesitate to get in touch with one of our savings experts on 0800 011 9705.

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