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Savings round up - 6th June

Last week was a shorter one, with most banks only open for three days ahead of the Platinum Jubilee weekend.  However, it certainly wasn't any quieter with several providers making changes to products and rates ahead of the long bank holiday weekend.  Here's our round up of the key changes and leading providers:

Easy Access

Chase continue to lead the way at 1.50%, which also comes with a bonus of £20 (sign up here for the bonus before midnight on 7th June) to any new customers depositing £20 within 30 days of opening, but the gap is closing and it looks increasingly likely they'll be overhauled this summer.  Virgin Money's M Account now comes with a 1.56% linked savings account but there's a £14.50 monthly fee on the account.  However, it's another positive sign for savers of the direction of travel for interest rates on easy access.  Yorkshire Building Society improved its Internet Saver rate yet again - it now pays 1.38% for balances of £50,000+ and 1.33% for £10k+ to move above Al Rayan at1.31%.  Ford Money and Gatehouse are close behind at 1.30% but with 12 providers now paying between 1.20% - 1.31% we expect that to change this week.

Notice

There is a new leader at the top of the notice charts with DF Capital paying 1.70% on 120 Day Notice and 1.60% for 90 Days. OakNorth paying 1.65% on 180 Days via the Raisin savings platform are second alongside United Trust Bank and Oxbury who pay 1.65% for 200 Day and 180 Day Notice respectively. Investec pay the best short term notice rate with 1.51% paid for 32 Day Notice via Raisin.

1 Year Fixed

There is a new leader at the top of the best buys as Investec joined Al Rayan Bank at the summit with an improved rate of 2.40%.  Habib Zurich sit 3rd at 2.38% ahead of Oxbury and Zopa at 2.37% but with 17 providers priced between 2.30% - 2.40% we expect to see plenty of movement on 1 Year this week.

18 Month Fixed

DF Capital have been joined by BLME at the top of the table - both providers paying 2.50%. Al Rayan drop down to 3rd at 2.47% but we expect them to improve this rate during the week.  It's a bit of a gap then to Tesco Bank at 2.41%.

2 Year Fixed

Al Rayan Bank still lead the way at 2.80% but Hodge (2.78%) have pinched second place from Zopa (2.77%) with Kent Reliance just behind at 2.76%, ahead of United Trust Bank in 5th at 2.75%

3 Year Fixed

Al Rayan also lead the way on 3 Year at 2.85% but there's now eight providers paying 2.80% - 2.85% so expect further changes this week.  PCF Bank are the best non-Sharia provider at 2.82% alongside Hodge Bank who are both a whisker ahead of Zopa 2.81%.  United Trust Bank lead a clutch of banks paying 2.80%

4 Year Fixed

United Trust Bank lead the way with a best buy of 2.85% depositing Zopa (2.83%) from the top spot with DF Capital Bank (2.80%) now in 3rd spot.  

5 Year Fixed

It's all change at the top of 5 Year with PCF Bank and United Trust Bank leading the way with improved rates of 2.90%.  Hodge sit 3rd at 2.86% with previous best buy Tandem (2.85%) now down to 4th.  

 

ISAs

There's a new best buy easy access ISA leader with Paragon increasing the rate on their Triple Access Saver to 1.20% to depose Marcus, Saga and Yorkshire Building Society (all 1.15%) with a gap then to Cynergy (1.05%) and  Ford Money, Nationwide and Al Rayan Bank at 1%.

Gatehouse Bank (1.86%) still lead 1 Year Fixed ISA but UBL (1.76%) now sit between them and Charter Savings (1.75%)

2 Year Fixed is still led by Charter Savings Bank (2.20%) with Gatehouse Bank (2.15%) 2nd ahead of Virgin Money (2.10%)

3 Year Fixed sees Gatehouse (2.26%) retain top spot but only just from United Trust Bank at 2.25% with Castle Trust (2.21%) and Virgin (2.20%) further back.

5 Year Fixed has United Trust Bank's 2.35% the best buy ahead of Gatehouse Bank at 2.30% and Furness Building Society (2.20%) 

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