Moneyfacts has listed the best current ISA rates across easy access, fixed rate and notice accounts for people who have not yet maxxed out on their ISA allowances. The site cautions that the accounts it cites are available to new customers, although better rates may be available to existing clients.

At the time of writing, Moneyfacts states that the average one-year fixed ISA rate now stands at 3.30%, with the average longer-term fixed rate standing at 3.67%.

Moneyfacts also note that now may be a perfect time to take advantage of your ISA allowance.

It said: “The month-on-month rises between the average fixed bond and fixed ISA rates between the start of November and December were more subdued, meaning now could be the ideal time to take advantage of any ISA allowance you have remaining.”

ISA stands for individual savings account. These allow people to hold tax-deferred cash, shares and unit trusts.

The best easy access rates

Virgin Money is offering a 3% annual equivalent rate (AER) on its Easy Access Cash ISA Exclusive Issue 2 whilst Harpenden Building Society’s new Triple Access Cash ISA pays a rate of 2.60% AER.

The Virgin Money rate is for new and existing Virgin Money current account holders who have held accounts since 4 December 2019, according to Moneyfacts which says that any Virgin Money customers who originally opened a Clydesdale Bank, Yorkshire Bank or B current account are exceptions.

The Harpenden ISA requires a minimum opening deposit of £1 and compounds and pays interest annually. Moneyfacts notes that a lower rate of interest will be paid if more than three withdrawals are made in a calendar year.

Best fixed-rate ISA savings

Barclays Bank takes top spot this week with its 1-Year Flexible Cash ISA – Issue 36 paying a rate of 4.00% AER. You can open the account with as little as £1, with the option of having interest paid monthly or compounded annually and paid on maturity. Three withdrawals of up to 10% of the balance are permitted over the term, with a further withdrawal resulting in closure and a 90-day loss of interest.

The State Bank of India leads the two, three and five year fixed rates, each with an interest rate of 4.65%. In each case, a minimum deposit of £5,000 is required but no further additions are allowed.

Best notice ISAs

Aldermore is the top provider on this week’s chart with an AER of 2.80% for its 30 Day Notice Cash ISA Issue 12. However, Moneyfacts notes that a minimum opening deposit of £1,000 is required with interest paid away or compounded monthly or on anniversary. Any withdrawals you make are subject to a 30-day notice period or a 30-day loss of interest. This ISA can only be opened and managed online.