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ISA round up - 23rd January

There was plenty of improved easy access rates last week, as several providers finally made moves.  We expect there to be more this week as those who didn't increase look to respond and with another Base Rate increase looking likely on 2nd February.  Fixed rates continue to ease back slightly though there's a huge 4.25% available on 1 Year to existing Virgin Money current account holders.  Here's our round up of the best buys and key changes in the Individual Savings Account markets:

Easy Access ISA

It was another busy week of movement in the easy access ISA best buys.  Virgin Money still lead the way at 3% (although this account is only available to Virgin Money current account holders) but the gap has closed with Yorkshire Building Society now paying 2.75% and Sainsbury's hot on the heels at an improved 2.70% .  Last week's second place, Cynergy, drop to fourth at 2.65% ahead of Harpdenden Building Society, who pay 2.60% on their triple access ISA.  Yorkshire's branch and postal based ISA got an uplift to 2.55% to move ahead of Shawbrook Bank at 2.51%.  There's a four way tie at 2.50% with Scottish Building Society and Charter Savings Bank paying this rate 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.

Notice ISAs

Notice ISA leaders are unchanged with Furness Building Society still leading the way 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 at 2.95% on their 90 Day Notice, 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.  Virgin Money are now second at 3.79%, although they pay 4.25% to existing current account holders, following UBL's cut from 3.81% to 3.60%. Shawbrook Bank are third at 3.78% with Secure Trust Bank next at 3.75%, following an increase to their rate.  Gatehouse Bank are next at 3.70%, ahead of OakNorth at 3.68%.  

2 Year ISA

Virgin Money still lead the way paying 4.11%, which is just enough to keep Barclays and Castle Trust Bank in second at 4.10%, the latter increasing its rate this morning.  Charter Savings Bank are next at 4.09% with Secure Trust Bank completing the top five at 4.05%.  State Bank of India and Scottish Building Society are the only other providers paying more than 4%, with both offering 4.01%.

3 Year ISA

Gatehouse Bank lead the way at 4.20% after UBL Bank cut their rate to 4.11% to drop to second. There's a three way tie for third with Castle Trust Bank, State Bank of India and Secure Trust Bank all pay 4.10%.  Hodge Bank, at 4.05%, are the only other provider paying above 4%.

5 Year ISA

Hinkcley & Rugby Building Society are still the leaders at 4.25% but their account can only be opened in branch or by post. Gatehouse Bank are second at 4.20% but UBL are up to third paying 4.11%.   Secure Trust Bank are fourth at 4.10% with Metro Bank up to fifth with an improved rate of 4.01%.

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.

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