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ISA round up - 15th April

Last week saw a sharp pull back in ISA rates with easy access and 1 Year rates seeing large reductions in rates. 2 Year best buys also saw cuts and, while we expect the market to stabilise this week, there's likely to be further falls as providers react to to the changes early this week - so move quickly to secure the best rates. 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 4.90% as they cut their rate on Friday. Family Building Society's Market Tracker ISA pays 4.86% with Virgin Money's limited access ISA tied at 4.85% with Principality Building Society - but their rate includes a whopping 0.75% bonus for 12 months. This follows their 0.15% cut last week. Kent Reliance pay 4.82% and Charter Savings pay 4.81%.

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 in third paying 5% for 120 Days and Loughborogh Building Society pay 4.75% for 120 Day's Notice. 

1 Year ISA

There was an absolute bonfire in 1 Year ISA rates with the top rate dropping 0.24% on the week as providers scrambled to get out of the market. Shawbrook and Close Brothers lead the way with a best buy 4.76% ahead of OakNorth Bank at 4.75%. There's a five way tie at 4.70% with Castle Trust Bank, Charter Savings, Cynergy, Hodge and Sainsbury's Bank all paying the same rate. Zopa Bank and United Trust Bank lead a plethora of providers at 4.65%. We expect less volatility this week but won't be surprised if rates ease back further.

2 Year ISA

OakNorth lead the way paying 4.62% ahead of Furness Building Society and Close Brothers at 4.60%. Castle Trust Bank pay 4.55% alongside Zopa Bank with Hodge Bank just behind at 4.52%. Ford Money and Shawbrook Bank are tied at 4.50% with United Trust Bank at 4.45% following their rate cut on Friday.

3 Year ISA

UBL Bank, who pay 4.39%, lead the way alongside OakNorth Bank with Shawbrook Bank just behind at 4.38%. Close Brothers pay 4.35% with Castle Trust Bank offering 4.30%. Zopa Bank are sixth offering 4.21% with Hodge, Leeds Building Society, United Trust Bank and West Brom Building Society all tied at 4.15%.

5 Year ISA

UBL Bank are still best buy at 4.16% with Close Brothers at 4.05% and Zopa Bank paying 4.01% the only providers above 4%. Castle Trust Bank, Furness Building Society and Halifax are all tied at 4%. Hodge pay 3.95% following their increase last week and Gatehouse Bank offer 3.90%

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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