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ISA round up - 8th April

The new tax year finished off with plenty of activity with plenty of cuts in easy access and 1 Year. Only one of last week's top eight on 1 Year remains and we do not expect that to last the week as 1 Year rates look set to consolidate around 4.70% - 4.80%. Easy Access ISA rates are also at risk of dropping below 5% as we expect Base Rate to drop at the Bank of England's meeting in June, but 5%+ rates may have a few more weeks to run yet. If you are undecided whether to use your ISA allowance in cash or stocks and shares ISAs this tax year, there's a handy guide on Hargreaves Lansdown's website to inform your thinking. Here's our round up of the best buys and key changes in Individual Savings Accounts:

Easy Access ISA

Chip remain best buy paying 5.10%. The popular money app, whose deposits are protected via Clear Bank, lead the way ahead of Zopa Bank who pay 5.08% - although this includes a bonus of 0.50% until 6th May 2025. Cynergy Bank pay 5% as do Principality Building Society - but their rate includes a whopping 0.96% bonus for 12 months though. Paragon Bank's Double Access ISA pays 4.95% as do Kent Reliance, with no such restrictions, after they came back in to the market with a reducted rate last week. Family Building Society's Market Tracker ISA pays 4.86% with Harpenden Building Society paying 4.80%.

Notice ISAs

West Brom Building Society are still the best buy with their 60 Day Notice ISA paying 5.10%. Furness Building Society are next with their 90 Day Notice paying 5.01%, just ahead of Teacher's Building Society ion third paying 5% for 120 Days and Loughborogh Building Society pay 4.75% for 120 Day's Notice. 

1 Year ISA

Aldermore Bank pay a best buy 5% as the seven of the eight providers paying 5% or more cut rates.  We do not expect this rate to survive the week so move quickly to secure it. Second is Shawbrook Bank, who increased their rate to 4.91% this morning, ahead of Zopa Bank who cut to 4.90% late on Friday. Cynergy Bank are next at 4.80% and Virgin Money pay 4.76%. Charter Savings Bank, Leeds Building Society, Skipton Building Society and Tesco Bank all pay 4.75% ahead of United Trust Bank who cut to 4.73% on Saturday morning. 

2 Year ISA

UBL Bank remain leaders paying an improved 4.71% ahead of United Trust Bank at 4.65%, who move up to second as all three providers above them cut their rates.  Zopa Bank drop to 4.60%, alongside Furness Building Society and Principality Building Society, with Paragon Bank just behind at 4.59%. Castle Trust Bank pay 4.55% with Ford Money and Shawbrook Bank tied at 4.50% and Aldermore Bank paying 4.45% to complete the top 10.

3 Year ISA

Aldermore Bank remain at the summit with a best buy rate of 4.40%. They are ahead of UBL Bank, who pay 4.39%, and Shawbrook Bank who offer 4.38%. United Trust Bank pay 4.35%. Castle Trust Bank and Principality Building Society pay 4.30% with Zopa Bank offering 4.21%. Hodge, Leeds and West Brom Building Societies are all tied at 4.15%.

5 Year ISA

UBL Bank are still best buy at 4.16%, with United Trust Bank second paying 4.05% and Principality Building Society third at 4.02%. Zopa Bank pay 4.01% ahead of Castle Trust Bank, Furness Building Society, Halifax and Paragon who are tied at 4%.

Lifetime ISA

Moneybox pay a best buy 4.40% - but their rate does include a 0.90% bonus for 12 months. Tembo, who have bought Nude Finance, pay 4.30% and had briefly topped the charts before being usurped by Moneybox again. 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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