You are here: Home - Saving & Banking - News -

Cynergy Bank bucks the trend by raising easy access ISA rate

Written by:
Cynergy Bank has increased the rate on its easy access ISA as other providers make cuts.

The easy-access Online ISA pays 1.31%, with unlimited withdrawals.

The account can be opened with £1 and transfers in are accepted from existing ISA products.

The rate rise will be welcomed by savers, who have faced a run of cuts in recent months.

Just last week, Virgin Money cut its market-leading easy-access ISA deal from 1.36% to 1.21%.

However, there are better rates available.

Yorkshire Building Society is offering the top rate of 1.35%, with a minimum deposit of £100. However, withdrawals are limited to one a year.

Sharia-compliant Al Rayan Bank also pays an expected profit rate of 1.35%, with unlimited withdrawals. But the minimum opening deposit is £50.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
New app-only stockbroking platform launches

An app-based stockbroker has launched its in-house platform in the UK today with the aim of “making investing in the...