Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Multiple best buys launched by challenger bank

Author: Anna Bowes
18th July 2017

Savings Champion Rate Alert

Tuesday 18th July 2017

  

 

Competition in the fixed rate cash ISA market heats up, whilst we see the battle in our easy access best buy table continue to simmer away.

Bank of Cyprus UK has launched new versions of its fixed rate cash ISA range with improved rates across the board.

Whilst the provider features in both the 2 and 3 year best buy tables, most striking is its 1 Year Fixed Rate Cash ISA, paying 1.22% tax free/AER, which made a beeline for the top spot.

For those looking to deposit funds for a longer term, Paragon Bank are holding on to the crown, paying 1.95% tax free/AER on its 5 Year Fixed Rate cash ISA.

Conversely, those looking for easy access to their cash ISA funds, Leeds Building Society has launched its new Limited Issue Online Access ISA, paying 1.05% tax free/AER, which is the highest rate available amongst easy access ISAs.

Bank of Cyprus UK also launched a new version of its Online Easy Access Account paying 1.15% gross/AER, seeing the provider scale our easy access best buy table, coming to rest in second position. 

Meanwhile Ulster Bank continues to hold firm at the top of our easy access best buy table, paying 1.25% gross/AER on its eSavings account.

If you would like any help with your savings, please call us on 0800 321 3581, we’d love to hear from you.

Best Savings Deals Summary

Best Buy Table

Best Account(s)

Best Rate (AER)

High Interest Paying Current Account *

Nationwide Building Society

5.00%

Easy Access

Ulster Bank

1.25%

Fixed Rate Bonds

Paragon Bank (5 years)

2.45%

Variable Rate ISAs

Hinckley & Rugby Building Society (120 days notice)

1.20%

Fixed Rate Cash ISAs

Paragon Bank (5 years)

1.95%

Notice Accounts

Secure Trust Bank (180 days)

1.65%

Monthly Income

Paragon Bank (5 years)

2.42% gross

Regular Savings

Nationwide Building Society / First Direct / M&S Bank / Santander

5.00%

Children's Accounts

Saffron Building Society / Halifax 
(Regular Savers)

4.00%

Junior ISAs

Coventry Building Society

3.25%

Help to Buy ISAs

Barclays

2.27%

Sharia Accounts

BLME (5 years)

2.50%

Our Best Buy Tables are based on whole of market research, independent and have no commercial bias, ensuring that you can rely on them to make an informed decision. Alternatively, please call us on 0800 321 3581 to discuss your savings with one of our expert advisers.

*High interest current accounts often have a number of conditions attached to qualify for the headline rate. Please ensure you carefully read the terms and conditions before proceeding. Many of these current accounts do not require customers to switch their main account.