After a flurry of best buy changes in the preceding week, we have seen a noticeable drop-off in new launches over the last seven days.
The main headlines this week came from, perhaps unsurprisingly, a building society in the easy access table and a challenger bank amongst fixed rate bonds
We also saw the return of a household name hitting the top spot of our variable rate cash ISA table and a relaunched market-leading business account.
Read on for information on these new accounts and for a round up of how the savings market looks this week.
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Easy Access Accounts
This week, National Counties Building Society increased the rate on its 3rd Issue Classic Saver – an increase that was also passed onto existing account holders.
As a result of the 0.11% increase, the provider is now paying 1.31% gross/AER – the market-leading rate for an easy access account.
It is worth noting that this account requires a minimum balance of £20,000 and this must be deposited before 23 February 2018, as no further funding is allowed after this date.
If this does not suit you, we have Tesco Bank, Post Office Money and RCI Bank each paying 1.30% gross/AER.
For more information on the these accounts, please take a look at our easy access best buy table.
Fixed Rate Bonds
Secure Trust Bank launched a new version of its one year fixed rate bond this week, which now sits second only to Atom Bank.
Secure Trust Bank now offers 1.81% gross/AER, just edging ahead of Aldermore, OakNorth Bank, and Investec, which each pay 1.80% gross/AER.
For those happy to conduct account opening and management via a mobile banking app – Atom Bank sits ahead of the rest, paying 1.90% gross/AER.
For more details and the full range of options across each term, take a look at our fixed rate bond best buy tables.
Variable Rate ISAs
Virgin Money made a bold move this week, launching a new version of its easy access cash ISA, with a dramatic improvement to the rate on offer.
The new version pays 1.21% tax free/AER (up from 0.25%) and takes the leading position in our table.
Unlike some of the others currently in our top five, this account is a flexible ISA, so you are able to withdraw and replace funds within the same tax year, without it counting against your annual allowance.
This account is available to open and operate online or a branch and postal version is also available at the same rate.
To view other leading rates currently available please refer to our variable rate cash ISA best buy table.
Fixed Rate ISAs
Leeds Building Society also continue to lead the way in our one year table, paying 1.45% tax free/AER.
United Trust Bank remain in control of the longer five year table, paying 2.20% tax free/AER, although it is important to note that this account only accepts transfer in of previously accrued cash ISA funds – no new non-ISA funds can be deposited.
For more information on these accounts and alternatives available, please refer to our fixed rate cash ISA best buy tables.
Business Accounts
Looking away from the personal savings market, Redwood Bank has made a return to our Business Notice Account Best Buy table.
The provider has relaunched its 95 Day Business Savings Account, paying 1.35% gross/AER and has taken the leading position in our table.
Redwood Bank has also added online access to the account, so you can provide the required 95 days’ notice online to make a withdrawal.
For more information on any of the accounts above or for other options, call our Bath-based Savings Experts on 0800 011 9705. We’d love to hear from you.
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