|
| We've seen a flurry of activity today, particularly in the fixed rate best buy tables, though we have also seen some encouraging moves amongst variable rate accounts. Newcastle Building Society has launched a market-leading 1 year fixed rate cash ISA paying head and shoulders above the competition at 1.20% tax free/AER. Although, it's worth noting that transfers in of previous tax years' allowances are not allowed. For those looking to transfer in previous ISAs, Virgin Money and Bank of Cyprus UK both offer the next best rate at 1.05% tax free/AER. Paragon Bank has launched a number of new accounts today, most interesting of which is the 3 Year fixed rate cash ISA, paying a market-leading 1.40% tax free/AER. The 4 Year Fixed Rate savings account is also paying a competitive rate of 2% gross/AER, which is beaten only by Vanquis Bank paying 2.10% gross/AER. Secure Trust Bank has launched a new competitive fixed rate account, its Fixed Rate Bond 5 Year Term (Series 30), paying 2.25% gross/AER, second only to Atom Bank, paying 2.40% gross/AER. Accounts with Atom Bank must be applied for through the provider's app, available in the Apple App store or Google Play store. Sainsbury's Bank have launched a new version of its eSaver Special, paying a higher interest rate than the previous version, though the rate paid depends on the account balance. On balances between £30,000 and £500,000, the account pays 1.05% gross/AER. Although this is a competitive interest rate, a higher rate be found on a standard easy access account, with RCI Bank*, paying 1.10% gross/AER. For more information on these accounts and alternatives, please take a look at our best buy tables. If you have any questions or would like help with your savings, we'd love to hear from you, please call us on 0800 321 3581. |
@savingschampion
Find us on Facebook