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ISA round up - 7th May

There was very little change in the best buy tables last week. The main moves were Paragon Bank rejoining the easy access and fixed markets and Shawbrook Bank increasing their rates by a couple of basis points to take top spots on 2 and 3 Year and cuts to the 5 Year best buy rates with Shawbrook and UBL Bank's pulling back. There's little change expected this week as all eyes are on Thursday's Moneytary Policy Meeting to see whether there's any change to Base Rate - while none is expected, the commentary and the MPC's outlook for future rates could drive changes to savings rates.  We will update next week on what we think it means for ISA savers. 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% for 12 months. Paragon Bank came back in to the market - their Double Access ISA paying 4.95% to move ahead of Family Building Society's Market Tracker ISA, which pays 4.86%. Kent Reliance pay 4.82%, as do Cynergy Bank following their rate cut on Friday and Charter Savings pay 4.81%. Virgin Money offer 4.76%. There's a cluster of providers at 4.75%.

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 with the next best then at 4.50% - well below easy access best buys.

1 Year ISA

Virgin Money remain best buy at 5.05% - but savers need to have or open a Virgin current account to get this rate. However, given the next best is Shawbrook and OakNorth's 4.72%, there's a strong financial incentive to do so. Paragon came back in to the market at 4.71% ahead of four providers paying 4.70% - Charter Savings, Cynergy, Close Brothers and Secure Trust Bank all pay the same rate. Zopa Bank and United Trust Bank lead a plethora of providers at 4.65%.

2 Year ISA

Shawbrook lead the way paying 4.63% as they leapfrog OakNorth who had gone top at 4.62%. Secure Trust Bank are third paying 4.60% with Paragon rejoining the market at 4.55% to sit between them and Aldermore Bank at 4.50% - who are alongside Zopa, Close Brothers and Ford Money. United Trust Bank, Castle Trust Bank and Hodge completed the top ten - all paying 4.45%.

3 Year ISA

Shawbrook Bank lead the way paying 4.41% as they moved ahead of OakNorth last week - both were paying 4.40%. Secure Trust Bank are third paying 4.35% with Paragon rejoining at 4.30%. Zopa Bank are fifth paying 4.21% with Castle Trust, UBL Bank and Close Brothers narrowly behind at 4.20%. United Trust Bank, Leeds Building Society and Hodge all pay 4.15% to complete the top 10.

5 Year ISA

Shawbrook lead the way but with a reduced best buy rate as they cut to 4.07% following UBL Bank's drop to 4.06%. Close Brothers pay 4.05% as do Secure Trust Bank with Zopa Bank's 4.01% the only other provider above 4%. Paragon Bank rejoin paying 4% and Castle Trust and Hodge pay 3.95%.

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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