ISA round up - 12th September
UBL Bank continue to set the pace in the ISA market, occupying top spot on all fixed rates. Gatehouse Bank are leading the way on easy access with a new best buy account and notice ISAs are on the move with the top three providers all increasing rates last week. Here's our round up of the best buys and key changes in the Individual Savings Account markets:
Gatehouse Bank continue to lead the way with their relaunched easy access ISA paying 1.75%. This matches Virgin Money buth their account is only open to existing customers. Paragon's Triple Access ISA has been joined at 1.65% by Cynergy Bank, who uplifted their rate last week. Next comes Leeds Building Society and Skipton Building Society, who both pay 1.60%, with the former lifting their rate during the week. The other notable mover was Ford Money, who upped their easy access ISA rate to 1.50%
Mansfield Building Society are the best buy Notice ISA with a rate of 1.75% for its 90 Day Notice account. Teacher's Building Society have moved up to second, increasing their 90 Day Notice rate to 1.70%, with a higher 1.75% being paid to teachers and education professionals. Aldermore Bank sit third but their 1.65% rate only needs 30 Days' Notice. Furness Building Society pay 1.60% on their 45 Day Notice and with six easy access ISA rates at 1.60% or above, there's little incentive to look further down the notice ISA tables.
Secure Trust Bank lead the way having increased their rate to 2.65% this morning to knock Virgin Money (2.62%) down to second. UBL Bank upped their rate to 2.61% which sees them sit third alongside Paragon. Castle Trust Bank also increased their rate last week, up to 2.60% to move up to fifth.
Virgin Money lead the way at 3.07%, having increased their rate this morning in response to UBL Bank upping its rate to 3.06%, which now sits second. Secure Trust Bank made it a hat trick of raises in the top three by moving up to 3.05% to sit third. There's a big gap then back to Hodge Bank at 2.91% and Leeds Building Society and Paragon at 2.90%.
The same three banks also lead the way on 3 Year with Virgin and Secure Trust moving this morning, after UBL upped rates on Friday. Virgin lead the way at 3.12% UBL are second at 3.06% and Secure Trust are third at 3.05%. Leeds Building Society are next at 3%.
The big move last week was from Shawbrook Bank who now top the pile with a whopping 3.45% on 5 Year. They lead the field with long term leader, UBL Bank, now second with an improved rate of 3.16%. Leeds Building Society pay 3.10% to lead a three way tie for third alongside West Brom Building Society and Secure Trust Bank.
Beehive Money, part of Nottingham Building Society, lead the way at 1.30% in an unchanged line up. Newcastle Building Society's 1.20% seems them sit second alongside Moneybox, who pay the same rate but theirs is courtesy of a 0.20% bonus for 12 months. Paragon Bank and Skipton Building Society are the other two providers in the market - both pay 1%.