Today saw Cynergy Bank take the path to the summit of our one year fixed rate ISA table
Cynergy Bank has regularly featured in our fixed rate cash ISA tables, among others, both now and in its previous guise of the Bank of Cyprus UK.
The provider’s new market-leading one year fixed rate cash ISA pays 1.73% tax free/AER and can be opened online with a minimum of £500.
Interestingly, the new market leader is the highest-paying one year fixed rate cash ISA that we have seen for over two and a half years, which is encouraging for savers that are looking to utilise their cash ISA allowance or transfer an existing ISA to a higher-paying alternative.
Of course, there are other options available for those looking for alternative term lengths. Our fixed rate cash ISA best buy tables feature the top-paying cash ISAs ranging from one to five years, so there are plenty to choose from.
For those interested in the other options available through Cynergy Bank, the provider is also currently offering an easy access account that appears in our top five.
The account pays 1.50% gross/AER, with the rate including a 0.50% introductory bonus for the first 12 months.
So, the latest move from this provider is encouraging and hopefully more top rates will follow in time – both from Cynergy Bank and those not wanting to fall behind in the pecking order.
If you have any savings questions or need any help with finding the accounts that are most suitable for your needs, please call us on 0800 011 9705 to speak to one of our expert savings specialists.
*We are occasionally paid by some providers if you click through from our Best Buy Tables and open a savings or current account with them. We will never accept a payment that compromises in any way our independent, whole of market approach to providing information on savings products. For clarity we will indicate those companies who remunerate us with an asterisk (*).
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