The top of the ISA charts has a fresh look about it this week, with Metro Bank, Saffron Building Society and Cynergy Bank leading the competition.
After the average interest rates on fixed bonds and ISAs dropped in consecutive months for the first time since 2021, there was plenty of movement at the top of the table.
However, the providers offering the most appealing notice access accounts have – once again – remained the same.
Here are the best rates on the market for savers this week, according to Moneyfacts.
Easy Access ISAs
Metro Bank reigns supreme for the best easy access rate this week, rising from third place last time around.
Its Instant Access Cash ISA deal is priced at 5.11% AER and includes a bonus of 3.46% for 12 months, this comes once a minimum account balance of £500 is reached during the first 28 days. The account comes without restrictions on withdrawals but it must be opened in a branch.
An alternative is Zopa’s Smart ISA – Access ISA account which is priced at 5.08% AER and only requires £1 for the saving to begin. Customers must already have or open a linked Smart Saver account via the Smart Savings Hub to open an account.
In third place is Cynergy Bank’s online-only Online ISA (Issue 43) deal, paying 5.07% AER. It requires just £1 to open the account and unlimited withdrawals are available without a penalty.
Fixed-rate bonds
Depending on the length of term needed, there will be a different lender to consider for the best rates. Virgin Money’s 1 Year Fixed Rate Cash ISA Exclusive Issue 7 is the top account for one-year fixed rates, priced at 5.85% AER. Customers will need to have a Clydesdale Bank, Yorkshire Bank or B current account though, but no deposit is needed to commence the saving.
Saffron Building Society is the provider to use for the best two-year fixes. The mutual offers 5.40% AER on the Two Year Fixed Rate Cash ISA and £500 is needed to open the account. There is a penalty of 180 days’ loss of interest for early access when transferring out.
Cynergy Bank takes the third spot this week for its Fixed Rate Cash ISA deal. It pays 5.05% AER and needs a deposit of £500 in the account when you join. This account also comes with the same penalty as Saffron for early access.
The fan of a longer-term fix may wish to consider Melton Building Society’s Fixed Rate Cash ISA, priced at 5.00% AER. However, customers will need a minimum of £1,000 to open the account, which can only be done with a visit to the branch.
Notice ISA accounts
For several weeks the market leaders for notice ISA accounts have been Aldermore and West Brom and this week is no different.
Aldermore’s 30 Day Notice Cash ISA Issue 12 beats the rest with a 4.50% AER deal which requires a minimum deposit of £1,000 and needs to be opened and managed online. Early access is also allowed but is subject to 30 days’ loss of interest.
The WeBSave 60 Day Notice ISA BS offers 5.25% AER on either a monthly or yearly basis and can be opened with just £1. Much like Aldermore, early access comes with a 60-day loss of interest.
