There has been plenty of movement in our best buys since our last rundown – unfortunately mostly downwards – but there are still some good deals to be had for those able to move quickly.
RATES ARE CORRECT AS AT THE TIME OF PUBLICATION (23/10/2020). All up-to-date rates can be found on our Best Buy tables.
Those looking for an easy access account over the last few weeks have seen a number of best buys fall by the wayside, with Coventry Building Society the latest leading account to be withdrawn just yesterday.
The top accounts are all now paying 0.80% AER, with building societies Leeds and Yorkshire offering different options – but watch out, each of the top-paying accounts places a restriction on the number of withdrawals you can make.
The Fixed Rate Bond market has been busy again, though unfortunately with best buys being withdrawn en masse, rather than more positive moves.
That said, there have been some bright spots, with new challenger bank DF Capital currently offering a market-leading two year bond at 1.23% AER.
And within the last 24 hours, Tandem has risen to the challenge and matched the rate on offer, joining DF Capital at the top of the two year table.
Also worthy of a mention is consistent best buy provider United Bank UK, a mainstay in the three and five year tables and currently leading the way at 1.40% AER and 1.50% AER respectively.
It is always worth keeping a close eye on the fixed rate bond tables as we have seen some good deals pop up over the last few weeks. However, these deals have often proven to have very short shelf lives, so don’t delay if you want to snap one up.
Continuing to offer consistently good returns are the options available in our Sharia Fixed Term table, with the best one year offering still 1.26% AER with Al Rayan Bank, through to 1.55% AER for five years with BLME.
These accounts are certainly worth considering, offering higher returns across the board in comparison to their standard fixed rate counterparts.
For those looking for more access to their money than a fixed term account, but are happy to wait for their funds, notice accounts offer a good option.
Leading the way at the moment is the consistently competitive BLME, with its 90 day account paying 1.10% AER.
Our variable rate ISA table tells a similar story to the easy access one, with many of the best deals not lasting the distance.
That said, new this week is Cynergy Bank, topping our table with its Online ISA (Issue 6) paying 0.95% AER. The only word of caution is that, as we have seen, top rates are not lasting long - so it may be one to snap up while the going is good.
For those looking for a fixed return on their cash ISA allowance, it has been a similar story to the rest of the market, with many best buys disappearing over the last few weeks.
Again, top marks for consistency go to United Bank UK, which leads the way for both three year (1.10% AER) and 5 year (1.40% AER) terms.
So, make sure you continue to keep a close eye on our best buy tables for any new options that enter the market – and be prepared to move quickly, as the top rates are not hanging around for long.
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