Receive the Savings Guru's updates straight to your inbox

ISA round up - 16th January

After very little change post Christmas, last week saw several providers make rate changes.  Cynergy upped their easy access rate to 3% and Furness Building Society's 45 Day Notice tops the notice category too.  Fixed Rate ISAs continue to see cuts in longer term rates but 1 and 2 Year ISAs remain strong.  Here's our round up of the best buys and key changes in the Individual Savings Account markets:

Easy Access ISA

After two weeks of no movement, last week saw several upwards increases on easy access ISAs. Virgin Money still lead the way at 3%, although this account is only available to Virgin Money current account holders.  It is possible to switch or open a new current account with them to get this rate and that may be worth doing for many savers.  There's a new name in second spot with Cynergy increasing their rate to 2.65% to move ahead of Harpdenden Building Society, who pay 2.60% on their triple access ISA.  Shawbrook Bank are next at 2.51%, following their rate rise on Friday. There's a four way tie for fifth place with four providers paying 2.50%.  Scottish Building Society and Charter Savings Bank pay this with no restrictions.  Principality Building Society pay the same rate, although their rate includes a 0.40% bonus for 12 months, and Nationwide's Triple Access ISA is limited to three withdrawals for that rate.  Coventry Building Society's increase to 2.45% moves them above Kent Reliance and Family Building Society 'market tracker ISA' - where the rate is reviewed quarterly in line with the market - at 2.43%.  

Notice ISAs

Furness Building Society are the new leaders at the top of Notice ISAs, paying 3% on their 45 Day Notice ISA. Mansfield Building Society also pay 3% but on a huge 180 Days' Notice.  Hinckley & Rugby are next, following an uplift to 2.95% on their 90 Day Notice, to move ahead of Aldermore Bank who pay 2.80% on just 30 Days' Notice.  Melton Building Society pay 2.65% on 100 Day Notice rate to complete the top five.  Below this, all providers are beaten by the best easy access rates.

1 Year ISA

There's no change at the top of 1 Year with Barclays still leading the way paying 4% on their 1 Year Flexible ISA. UBL are second paying 3.81% ahead of Virgin Money at 3.79% and Shawbrook Bank at 3.78%. Gatehouse Bank complete the top five at 3.70%, ahead of OakNorth at 3.68%.  The only change has come below them where Charter Savings Bank rejoined the market at 3.66% to move alongside Scottish Building Society in joint seventh.

2 Year ISA

Virgin Money still lead the way paying 4.11%, which is just enough to beat Barclays 4.10% to second spot.  Charter Savings Bank move up to third with an increased rate of 4.09% to knock Secure Trust Bank down to fourth at 4.05% with State Bank of India and Scottish Building Society completing the top five - both paying 4.01%. There's four providers at 4% including Paragon Bank, West Brom Building Society, Hodge and Gatehouse Bank.

3 Year ISA

UBL Bank lead the way paying 4.25% with Gatehouse next at 4.20%.  There's a four way tie for third with Castle Trust Bank, State Bank of India and Secure Trust Bank all pay 4.10% to complete the top six.

5 Year ISA

Hinkcley & Rugby Building Society are the new leaders at 4.25% but their account can only be opened in branch or by post. Gatehouse Bank are second at 4.20% with Secure Trust Bank third at 4.10%.  Paragon Bank at 4.05%.  and Principality Building Society at 4% are the only other providers at 4% or more.

Lifetime ISA

Moneybox remain outright top at 3.50%. The Moneybox rate does include a 0.75% bonus for 12 months.  Nude Finance are second at 3% but their rate comes with a £2 monthly fee.  Beehive Money are third with a straight 2.75% with a big drop then to Skipton Building Society who are fourth at 1.75%.  Paragon at 1.60% and Newcastle Building Society at 1.50% complete the list of providers in this sector.

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

Find out moreMeet the Team

Ask the Guru a Question

Your Name:*
Your E-mail:*
Your Question*