Several providers have also increased the amount they pay in interest, boosting their accounts upwards in the savings tables.

Among the best buy accounts, there are subtle differences such as the minimum deposit you need to open an account and the penalty if you access your cash early.

Here we look at the Moneyfacts best savings accounts and ISAs of the week.

The Moneyfacts best savings accounts of the week

The rate has been increased on the OakNorth Bank 120 Day Notice Savings Account this week to 3.64% on a minimum opening amount of £1 and maximum of £500,000. The account can be opened and managed online or through the bank’s mobile app.

Close Brothers Savings has also launched a new One Year Fixed Rate Cash ISA, paying 4.17% on a minimum opening investment of £10,000. It can be opened online or by post and also managed on the phone.

Hodge Bank has also increased the rate it pays on its online Two Year Fixed Rate Bond to 4.53% for those putting away at least £1,000.

The best easy-access cash ISAs

The top spot goes to Yorkshire Building Society this week with its Easy Access ISA and Limited Access E-ISA. The accounts pay 3.35% and the main difference between the two is how they can be opened. The limited access ISA can only be managed in branch or by post, while the other is an online account. You can put away anything over £1 and interest is paid yearly.

The second-best this week as picked by Moneyfacts is the Limited Issue Online Access ISA (issue 58) from Leeds BS which pays 3.30% on maturity on a minimum deposit of £1,000.

In the third post is a new issue of the Online ISA from Cynergy Bank which pays 3.28% and can be opened with £1.

This week’s best fixed-rate cash ISAs

Three providers offer market-leading accounts in both the one and two-year charts this week.

Top of the one-year table is Gatehouse Bank with its One Year Fixed Term Woodland Cash ISA paying 4.20%.

The Shari’ah-compliant provider will plant a tree in a UK woodland for every Woodland Cash ISA opened and funded.

It pays an expected profit rate of 4.20%, either monthly or on the anniversary of opening the accounts.
Minimum deposits start at £1,000 while further additions are not allowed. These must be opened online and managed online or via mobile app.

If you require early access to your funds. The two-year ISA imposes a 180-day loss of profit penalty, the three-year bond imposes a 270-day loss, while the five-year option will enforce a 365-day loss of profit penalty. The next best accounts are as follows:

1. Paragon Bank: Two Year Fixed Rate ISA: This ISA pays 4.28% and interest can be paid monthly or on maturity. There’s a minimum deposit of £500 and you can make additions to this sum for a further 28 days from account opening. It’s also a flexible ISA so any withdrawals can be replaced without it counting towards your annual ISA allowance during this time. There’s a 180-day penalty for early access.
2. Shawbrook Bank: Two Year Fixed Rate Cash ISA bond issue 69: You can open this ISA with £1,000 and it also pays 4.28%. Interest can be paid monthly or on the anniversary of opening the account and it allows you to make further additions without any restrictions. Similarly, you can transfer in your cash ISAs and stocks and shares ISAs at any time. There’s a 180-day penalty for early access.
3. Close Brothers Savings’ Two Year Fixed Rate Cash ISA: Also paying 4.28%, interest is paid on anniversary and it has a minimum opening deposit of £10,000. You have 10 days from account opening to make further additions to this amount. It imposes the a 150-day loss of interest penalty and the account will close if you do this.
4. Leeds BS: Three Year Fixed Rate Cash ISA (Issue 137): Paying 4.20%, this account has a maturity date of 4 May 2026 and can be opened with £100. Interest is paid yearly, while to gain access to the money in your account early, you’ll need to serve a 240-day loss of interest penalty.
5. Cynergy Bank’s Fixed Rate Cash ISA: Also paying 4.20%, you can open this account with an initial deposit of £500 and interest is paid on the anniversary of the account opening. If you wish to make further additions to your pot, the interest becomes variable. There’s a 180-day loss of interest penalty for early access.

This week’s best notice accounts

For notice accounts, Moneyfacts tables are unchanged this week.

The Aldermore 30 Day Notice Account remains in the top spot with an AER of 2.80%. It has a minimum opening deposit of £1,000 with interest paid away or compounded monthly or on anniversary. Withdrawals are subject to a 30-day notice period, or funds can be accessed earlier subject to a 30-day loss of interest. It can only be opened and managed online.

The second best goes to the Furness BS’s 45 Day Notice Cash ISA paying 3.00% AER. It has a minimum deposit of £1,000 and you need to open this one in a branch or by post. It can also be managed over the phone once opened.