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ISA round up - 9th October

We've seen another week of significant cuts to fixed rate ISAs. UBL cut their 1 Year and, although Virgin remain at 5.85%, we don't see this lasting and expect to see an easing back on 1 Year rates. 2, 3 and 5 Year ISAs have all seen cuts with 5 Years the most significant with only four providers paying more than 5%. Sadly, we expect this trend to continue again this week. There's better news on easy access ISAs where rates continue to nudge forward and there's a chance of more in the run up to the next Base Rate decision on 2nd November. Here's our round up of the best buys and key changes in the Individual Savings Account markets:

Easy Access ISA

Easy access rates rose again with Shawbrook the new best buy paying 4.93%.  Virgin Money also advanced - to 4.91% - although this account pays a lower rate of 2% if more than three withdrawals are made in a calendar year. Last week's leader, Coventry Building Society, which pays 4.90% for its Four Access ISA (which allows four withdrawals a year before interest penalties for further withdrawals) drops to third. Leeds Building Society pay 4.80% with three providers just behind paying 4.75% - Newcastle Building Society, OakNorth and Charter Savings.

Notice ISAs

Stafford Railway Building Society tops the tables paying 5.25% for 60 Days' Notice.  Teacher's Building Society also pays 5.25% but wants 180 Days' Notice for this and 120 Days in return for 5%. Chorley Building Society are third with their 150 Day Notice paying 5.05%.  Loughborough Building Society pay 5% for 180 Days Notice and 4.75% for 120 Day Notice. Melton Building Society pay 5.05% but isn't included in our tables as it is only accessible via their branches. With easy access ISA rates so high, no other notice accounts warrant consideration in our view.

1 Year ISA

Virgin Money lead the way at 5.85% - but savers must have or open a Virgin Money current account to get this rate - ahead of OakNorth at 5.80%. Secure Trust pay 5.75% with Kent Reliance at 5.71%. UBL Bank's 5.70% is matched by Sainsbury's Bank and United Trust.

2 Year ISA

Zopa still leads the way but at a reduced rate of 5.61%. UBL Bank pay 5.60% alongside Hodge, Monmouthshire Building Society, United Trust, Close Brothers and Nationwide with Hodge at 5.59% in a tightly packed top group.

3 Year ISA

United Trust Bank pay a best buy 5.45% - but we don't expect this to last so move quickly if this appeals - before a drop to Zopa in second place at 5.37%.  Secure Trust pay 5.36% just ahead of Close Brothers and Castle Trust Bank at 5.35%. Aldermore Bank are next at 5.31%. Hodge pay 5.30% as do Principality Building Society, who cut 0.20% off their rate last week.

5 Year ISA

Zopa Bank pay a best buy 5.05% with UBL Bank at 5.01% alongside Secure Trust.  United Trust pay 5% with all other providers now sub 5%.

Lifetime ISA

Moneybox pay a best buy 4.25% - but their rate does include a 0.75% bonus for 12 months.  Nude Finance pay 3.80% but their rate comes with a £2 monthly fee.  Bath Building Society are at 3.79% ahead of Paragon Bank at 3.51%. Beehive Money are just behind at 3.50%. Skipton Building Society pay 3.25% and Newcastle Building Society are lagging at 3%.

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