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ISA round up - 12th February

There was a raft of rate cuts on longer term fixed rates with Zopa and UBL Bank still leading the way on longer terms, but at reduced rates. 1 Year rates saw some movement with two providers moving up to 5% and there was a new best buy notice account in a mixed week for ISA savers. 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% although this includes a bonus of 0.50% until 6th April 2025. They are a touch ahead of Coventry Building Society who are at 5.05% with their Four Access ISA and Principality Building Society. Principality's rate includes a whopping 0.96% bonus for 12 months though. Charter Savings Bank are next at 5.03% with Kent Reliance and Harpenden Building Society tied at 5.01%. There are three providers at 5% - Leeds Building Society, Cynergy and Family Building Society all level. Cynergy and Leeds pay a straight 5% but Family's account is a market tracker which is reviewed quarterly - with rates potentially falling back, this could be a good option. Virgin Money completed the top ten at 4.96% - this account pays a lower rate of 2% if more than three withdrawals are made in a calendar year. 

Notice ISAs

West Brom Building Society are the new best buy with their 60 Day Notice ISA paying 5.06%. They move above Chorley Building Society, whose 150 Day Notice pays 5.05%. Furness Building Society are third with their 90 Day Notice paying 5.01%.  Teacher's Building Society are tied with Loughborough Building Society - Teacher's pay 5% for 120 Days and Loughborogh pay the same rate for 180 Days Notice, with 4.75% paid for 120 Day Notice. 

1 Year ISA

Virgin Money still lead the way paying 5.25% - savers must have, or open, a Virgin Money current account to get that rate. Castle Trust Bank and OakNorth both increased their rates to 5% to move up to second. Shawbrook Bank pay 4.98% just ahead of Close Brothers at 4.97% and Charter Savings and Hodge at 4.96%. United Trust Bank pay 4.91%, narrowly ahead of Zopa Bank at 4.90% with Kent Reliance completing the top 10 at 4.85%.

2 Year ISA

Zopa Bank alead the way but at a reduced rate of 4.62%, following their rate cut last week and Post Office Money's withdrawal. UBL Bank pay 4.61% with Close Brothers and Furness Building Society joint third at 4.60%. Castle Trust Bank pay 4.55% with United Trust Bank at 4.50% following their rate reduction. Dudley Building Society and Hodge also pay 4.50% with Secure Trust Bank at 4.45%.

3 Year ISA

UBL Bank still lead the way but at a reduced rate of 4.35% with Castle Trust Bank second offering 4.30%. Close Brothers pay 4.25% with Zopa Bank at 4.21%. United Trust Bank pay 4.20% with up for sale Sainsburys Bank paying 4.10%. Hodge pay 4.09%, Coventry Building Society 4.06% and Shawbrook Bank 4.05%.

5 Year ISA

UBL Bank are still best buy but at 4.16%, following their rate cut, with Close Brothers just behind at 4.15%. Zopa Bank are next third at 4.01%, the only other provider paying more than 4%. There is a three way tie at 4% with United Trust Bank, Furness Building Society and Castle Trust Bank all at that mark.

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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