ISA round up - 11th April

Easy access ISA rates improved sharply as the market came to life with the start of the new tax year, as providers seek to entice savers with a new £20,000 tax free allowance. However, fixed rates also improved UBL leading the way with market leading rates on 1, 2 and 3 Year Fixed, including their 4.30% 2 Year rate which is unbeaten on any term. Here's our round up of the best buys and key changes in the Individual Savings Account markets:

Easy Access ISA

Shawbrook are the new leaders with a best buy rate of 3.27% as easy access ISA rates suddenly came to life last week.  Yorkshire Building Society pay 3.35% but limit access to one withdrawal - which we consider too prohibitive to include in our tables.  Coventry Building Society are next at 3.25%, after they increased their rate by 0.25%.  There's a great offer for savers who haven't signed up to Hargreaves Lansdown's Active Savings - they are offering £100 cashback on Coventry Building Society's Limited Access ISA, for those saving at least £10,000.  This equates to a 4.25% annual return on £10,000 or 3.75% for those saving the full £20,000 ISA allowance. 

There's six providers at 3.20% with Cynergy Bank back in to the market for the new tax year to join Santander and Paragon Bank.  Gatehouse increased their rate to 3.20% for the new tax year as did Marcus and Saga - although both these pay 0.25% of their rate as a bonus for 12 months.  Halifax, Newcastle, Sainsburys and Principality all upped their rates to 3.10% and Ford Money are at 3%.

Notice ISAs

Furness Building Society are leading the way at 3.55% on their 45 Day Notice. Mansfield Building Society pay 3.25% - but on a huge 180 Days' Notice, although they do pay 2.85% on 95 Days.  Newcastle Building Society's 100 Day Notice increased to 3.25% to move alongside them and Loughborough Building Society remain at 3.05% on their 120 Day Notice. Like Mansfield, this account is only available by post or in branch. Aldermore Bank pay 2.80% for 30 Day Notice

1 Year ISA

UBL are the new leaders paying 4.20%, alongside Gatehouse Bank who came back in to the market for the new tax year.  Shawbrook Bank were also on the move - up to 4.17% - as were Charter Savings Bank who increased to 4.16%.  Santander, last weeks' leader, drop to fifth at 4.15% with Coventry Building Society completing the top six at 4.12%.

2 Year ISA

UBL pay the best rate in the market - 4.30% for 2 Year Fixed - as they lead the way.  Paragon and Shawbrook tie for second with both increasing their rates to 4.28% to move ahead of last weeks leader, Virgin Money who pay 4.26%.  Charter Savings and Nationwide Building Society both pay 4.25% ahead of Leeds Building Society at 4.20%, who are in a five way tie with Santander, Gatehouse Bank, Kent Reliance and Coventry Building Society.  

3 Year ISA

UBL complete a hat-trick of top spots with their 4.25% rate for 3 Years, which is matched by Paragon Bank.  Gatehouse Bank and Leeds Building Soceity pay 4.20% but Aldermore Bank are close behind paying 4.15%, alongside Secure Trust Bank with Skipton a touch behind at 4.11%.

5 Year ISA

There's no change on 5 Year as Gatehouse Bank continue to lead the way at 4.20% with United Trust Bank at 4.05% ahead of a three way tie for third - UBL pay 4% as do Secure Trust Bank and West Brom Building Society.

Lifetime ISA

Moneybox remain outright top at 3.50%. The Moneybox rate does include a 0.75% bonus for 12 months.  Bath Building Society are next paying 3.19% on their Lifetime ISA but savers must be existing customers or live in the Bath area.  Beehive Money are third at 3% alongside Nude Finance but their 3% rate comes with a £2 monthly fee. Paragon Bank and Newcastle Building Society both pay 2.50% and Skipton are the laggards at 2.30%.

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

Find out moreMeet the Team

Ask the Guru a Question

Your Name:*
Your E-mail:*
Your Question*