As the third quarter of the year progresses, rates continue to improve.
Meanwhile, United Trust Bank also launched a range of improved fixed rate cash ISAs, the pick of the crop is its Cash ISA 3 Year Bond, storming to the lead and leaving the rest of the field in its wake.
Finally, Secure Trust Bank launched a range of best buy products, including a market-leading account to sit up and take notice of.
Paragon Bank is now sitting pretty at the top ofboth our 1 year and 5 yearfixed rate cash ISAtables, paying 1.20% tax free/AER and 1.95% tax free/AER respectively. Both accounts can be opened online, with a minimum balance of £500.
In addition to offering the top rate available, these accounts also offer the option of monthly interest payments, to perhaps boost your monthly income.
We saw further improvements in the cash ISA market coming from United Trust Bank with the launch of new versions of its fixed rate cash ISA range. Most impressive of the bunch is its 3 year ISA, which now pays 1.85% tax free/AER. With this improved rate, United Trust Bank has surpassed the rest of the field by quite some margin.
This account, along with all of United Trust Bank’s fixed rate cash ISAs, can be opened via post with a minimum of £5,000.
Although offering the leading rate, it is essential to note that the provider only accepts transfers in of previously accrued cash ISA funds, no new non-ISA funds can be added to the account.
Across to the notice account market, we have witnessed a dominant force taking command of our best buy table in the shape of Secure Trust Bank, following the launch of its improved range of accounts. These improvements have seen the provider take three of the five positions in our notice account best buy table.
The provider has taken top spot with its 180 Day Notice Account paying 1.64% gross, second position with its 120 Day Notice Account paying 1.54% gross and finally fourth position with its 90 Day Notice Account paying 1.44% gross.
The trio of accounts can be opened online with a minimum balance of £1,000, whilst instructions can be sent via post or the telephone.
With a range of notice periods and competitive rates on each, Secure Trust Bank have (in appearance at least), provided an account to fit a range of requirements for those looking for a notice account.
That said, it is important to be mindful that there are restrictions to the number of withdrawals that can be made each year before proceeding.
For those who require a notice account without a restriction on the number of withdrawals, the top rate is from Paragon Bank, on its 120 Day Notice Account paying 1.45% gross/AER. This account also provides the option of monthly interest payments.
If you would like to discuss further options or would like any help with your savings, please get in touch. Our Bath-based savings experts would love to hear from you, so call