🔔 Top help to buy ISAs removed - what's the best option now?

Author: Anna Bowes
24th May 2016

Savings Champion Rate Alert

Monday 23rd May 2016

If you haven’t taken advantage, you may have missed the boat. Both Santander and Penrith Building Society have disappointingly removed their 4% Help to Buy ISAs from the wider market.This follows a similar move from Halifax at the start of the month. 

The good news is that both Penrith Building Society and Cumberland Building Society are still offering 4% tax free/AER, but only to those First Time Buyers in their local areas. So if you’re lucky enough to live in these areas, you might want to snap them up while you can.

For everyone else that is looking to buy their first home, you can find the top rates on the market in our Help to Buy ISA Best Buy Table.

If you would like more information on Help To Buy ISAs, please take a look at our freeFactsheet.

Best Savings Deals Summary

If you have any queries regarding our Best Buy Tables, an account featured or the suitability of the account for your needs, please call us on 0800 321 3581

Best Buy Table Best Account(s) Best Rate (AER)

High Interest Paying Current Account

TSB Bank /
Nationwide Building Society

5.00%

Easy Access

RCI Bank*

1.45%

Fixed Rate Bonds

Punjab National Bank (5 years)

2.75%

Variable Rate ISAs

Clydesdale Bank

1.50%

Fixed Rate Cash ISAs

Punjab National Bank (5 years)

2.50%

Notice Accounts

Shawbrook Bank

1.70%

Monthly Income

Punjab National Bank (5 years)

2.75%

Regular Savings

First Direct / M&S Bank

6.00%

Children's Accounts

Halifax (Regular Saver)

6.00%

Junior ISAs

Halifax

4.00%

Help to Buy ISAs

Virgin Money

3.00%

* Deposits held with RCI Bank are covered by the FGDR, which is the French equivalent of the UK Financial Services Compensation Scheme (FSCS). Please contact us if you would like further information.

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.