ISA round up - 15th July
28/07/2024
Rates were generally stable last week with just a few movements. Plum top easy access and there were some cuts behind leader Virgin Money, on 1 Year ISAs. West Brom cut rates and Secure Trust Bank withdrew as the first signs of an easing back ahead of a possible cut to Base Rate in August looks to be being factored in now. Here's our round up of the best buys and key changes in Individual Savings Accounts:
Savings app Plum are the best buy paying 5.17%. This does include a bonus of 0.86% for 12 months. Chip are next paying 5.10% and Zopa Bank pay 5.08% - although this includes a bonus of 0.50% for 12 months. Paragon are next with their Double Access ISA paying 4.95%. Cynergy Bank pay 4.87% ahead of Kent Reliance at 4.86%. Virgin Money offer 4.76% and Leeds Building Society pay 4.75%.
West Brom Building Society are still the best buy with their 60 Day Notice ISA paying 5.10%. Teacher's Building Society are next paying 4.85% for 120 Days with a drop then to Hinckley & Rugby and Mansfield Building Societies - both pay 4.60% for 180 Day Notice, well below easy access best buys.
Virgin Money remain top at 5.05% - but savers need to have or open a Virgin current account to get this rate. There's a three way tie for second with Kent Reliance, Close Brothers and Castle Trust Bank all paying 4.94%. Cynergy, Charter Savings and Shawbrook are all locked at 4.93%. United Trust Bank pay 4.90% and OakNorth complete the top 10 at 4.84%.
Close Brothers pay a best buy 4.69% to move ahead of United Trust Bank, who pay 4.67%, and Cynergy Bank at the same rate. Castle Trust pay 4.65% with Shawbrook a whisker behind at 4.64% before a drop to Ford Money at 4.60%, Paragon at 4.59%, Zopa pay 4.50% and West Brom cut to 4.46%.
Principality Building Society pay a best buy 4.60%, with United Trust Bank at 4.55% alongside Cynergy and Close Brothers, following their increase to 4.55%. Shawbrook Bank are behind them at 4.48% before a big drop to Paragon at 4.35%. Secure Trust Bank and Castle Trust Bank both pay 4.25%, following the latter's increase. Zopa pay 4.21% to complete the top 10 at 4.20%
Principality Building Soceity are also the best buy on 5 Year ISA at 4.25% but United Trust Bank are just behind at 4.20%. Close Brothers are next at 4.17% with Shawbrook just behind paying 4.14%. Castle Trust Bank increased their rate to 4.10% to move above UBL paying 4.08%. Paragon and Hinckley & Rugby Building Society at 4.05% and Zopa at 4.01% are the other providers north of 4%.
Moneybox pay a best buy 5% - but their rate does include a 1% bonus for 12 months. Tembo pay 4.30% - they recently bought Nude Finance. Bath Building Society are at 3.79% ahead of Paragon Bank at 3.51%. Beehive Money are just behind at 3.50%. Skipton Building Society pay 3.25% and Newcastle Building Society are lagging at 3%.