ISA round up - 16th January

After very little change post Christmas, last week saw several providers make rate changes.  Cynergy upped their easy access rate to 3% and Furness Building Society's 45 Day Notice tops the notice category too.  Fixed Rate ISAs continue to see cuts in longer term rates but 1 and 2 Year ISAs remain strong.  Here's our round up of the best buys and key changes in the Individual Savings Account markets:

Easy Access ISA

After two weeks of no movement, last week saw several upwards increases on easy access ISAs. Virgin Money still lead the way at 3%, although this account is only available to Virgin Money current account holders.  It is possible to switch or open a new current account with them to get this rate and that may be worth doing for many savers.  There's a new name in second spot with Cynergy increasing their rate to 2.65% to move ahead of Harpdenden Building Society, who pay 2.60% on their triple access ISA.  Shawbrook Bank are next at 2.51%, following their rate rise on Friday. There's a four way tie for fifth place with four providers paying 2.50%.  Scottish Building Society and Charter Savings Bank pay this with no restrictions.  Principality Building Society pay the same rate, although their rate includes a 0.40% bonus for 12 months, and Nationwide's Triple Access ISA is limited to three withdrawals for that rate.  Coventry Building Society's increase to 2.45% moves them above Kent Reliance and Family Building Society 'market tracker ISA' - where the rate is reviewed quarterly in line with the market - at 2.43%.  

Notice ISAs

Furness Building Society are the new leaders at the top of Notice ISAs, paying 3% on their 45 Day Notice ISA. Mansfield Building Society also pay 3% but on a huge 180 Days' Notice.  Hinckley & Rugby are next, following an uplift to 2.95% on their 90 Day Notice, to move ahead of Aldermore Bank who pay 2.80% on just 30 Days' Notice.  Melton Building Society pay 2.65% on 100 Day Notice rate to complete the top five.  Below this, all providers are beaten by the best easy access rates.

1 Year ISA

There's no change at the top of 1 Year with Barclays still leading the way paying 4% on their 1 Year Flexible ISA. UBL are second paying 3.81% ahead of Virgin Money at 3.79% and Shawbrook Bank at 3.78%. Gatehouse Bank complete the top five at 3.70%, ahead of OakNorth at 3.68%.  The only change has come below them where Charter Savings Bank rejoined the market at 3.66% to move alongside Scottish Building Society in joint seventh.

2 Year ISA

Virgin Money still lead the way paying 4.11%, which is just enough to beat Barclays 4.10% to second spot.  Charter Savings Bank move up to third with an increased rate of 4.09% to knock Secure Trust Bank down to fourth at 4.05% with State Bank of India and Scottish Building Society completing the top five - both paying 4.01%. There's four providers at 4% including Paragon Bank, West Brom Building Society, Hodge and Gatehouse Bank.

3 Year ISA

UBL Bank lead the way paying 4.25% with Gatehouse next at 4.20%.  There's a four way tie for third with Castle Trust Bank, State Bank of India and Secure Trust Bank all pay 4.10% to complete the top six.

5 Year ISA

Hinkcley & Rugby Building Society are the new leaders at 4.25% but their account can only be opened in branch or by post. Gatehouse Bank are second at 4.20% with Secure Trust Bank third at 4.10%.  Paragon Bank at 4.05%.  and Principality Building Society at 4% are the only other providers at 4% or more.

Lifetime ISA

Moneybox remain outright top at 3.50%. The Moneybox rate does include a 0.75% bonus for 12 months.  Nude Finance are second at 3% but their rate comes with a £2 monthly fee.  Beehive Money are third with a straight 2.75% with a big drop then to Skipton Building Society who are fourth at 1.75%.  Paragon at 1.60% and Newcastle Building Society at 1.50% complete the list of providers in this sector.

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