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ISA round up - 8th January

Although easy acces and 1 Year rates have held up, there's been significant cuts elsewhere with all other fixed terms seeing big reductions in the past week. Sadly, we expect more of the same this week and also think it could be the end of 5%+ rates on 1 Year ISAs. Here's our round up of the best buys and key changes in the Individual Savings Account markets:

Easy Access ISA

Zopa Bank remain best buy at 5.08% ahead of Leeds Building Society paying 5.05%. There's a three way tie for third with at 5% with Cynergy, Family Building Society and Principality Building Society all level. Cynergy pay a straight 5% but Family's account is a market tracker which is reviewed quarterly - with rates falling back, this could be a good option. Principality's rate includes a whopping 0.96% bonus for 12 months. Virgin Money are next at 4.96% but this account pays a lower rate of 2% if more than three withdrawals are made in a calendar year. Charter Savings pay 4.91% and Kent Reliance pay 4.82% before a cluster of providers at 4.75%. Metro Bank do pay 5.11% but this has a massive 3.46% 12 month bonus, which is why we exclude it from our tables - and it is only available in their branches.

Notice ISAs

Teacher's Building Society lead the way paying 5.25% for 180 Days' Notice for this and 120 Days for 5%. Chorley Building Society are next with their 150 Day Notice paying 5.05%. Furness Building Society are third with their 90 Day Notice paying 5.01%.  Loughborough Building Society pay 5% for 180 Days Notice and 4.75% for 120 Day Notice. 

1 Year ISA

Virgin Money lead the way paying 5.25% - savers must have, or open, a Virgin Money current account to get that rate. Shawbrook Bank are second paying 5.01% but we'd be surprised if this lasts beyond this week. Close Brothers and Secure Trust Bank are tied third with both offering 4.95%.  There's five providers paying 4.90% - Zopa Bank, Tesco and Yorkshire, Saffron and Scottish Building Societies.

2 Year ISA

2 Year rates continue to fall with last weeks top four rates all gone and Castle Trust, Close Brothers and United Trust Bank sharing the best buy spot paying 4.75%. Zopa Bank are next at 4.70% with Cambridge Building Society and Secure Trust Bank just behind offering 4.65%.

3 Year ISA

3 Year rates fell too with the top three all going promoting TSB and Close Brothers to best buy at 4.50%. UBL Bank, despite their sharp cuts, are third at 4.41% with United Trust Bank just behind at 4.35%. There's a drop then to Zopa Bank at 4.21% and Gatehouse Bank at 4.20%. 

5 Year ISA

UBL Bank are still best buy despite cutting another 0.24% off last week and dropping to 4.26%. Gatehouse and Close Brothers are tied for second at 4.20% before a big drop to Zopa Bank at 4.01%, after their cuts on Friday. Furness Building Society United Trust Bank, Halifax and Secure Trust Bank are just a basis point behind - all tied at 4%.

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 - although this is fee free for the first 12 months currently.  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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