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ISA round up - 17th June

There are new best buys on 3 and 5 Year ISAs as Principality Building Society and United Trust Bank jostled for top spot during the week. While best buy easy access ISA rates remain in tact, there were more reductions behind the top two with the Bank of England meeting on Thursday to decide Base Rate. While a hold is expected with a cut to 5% at the next meeting on August 1st, providers are already dropping rates in anticipation. Sadly, we expect more of the same unless there's news in the Bank of England minutes which suggest rates will stay at these levels beyond the next few weeks. 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 are third with their Double Access ISA paying 4.95% and Kent Reliance are further back at 4.86%. Cynergy Bank pay 4.82%, Virgin Money offer 4.76% and Leeds Building Society pay 4.75%. 

Notice ISAs

West Brom Building Society are still the best buy with their 60 Day Notice ISA paying 5.10%. Teacher's Building Society are next paying 4.85% for 120 Days with a drop then to Hinckley & Rugby and Mansfield Building Societies - both pay 4.60% for 180 Day Notice, 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. There's plenty of movement behind them though with Shawbrook up to 4.89%, Castle Trust increasing to 4.87% and United Trust Bank now paying 4.85%. OakNorth moved up to 4.84% and Paragon are just behind at 4.83% alongside Cynergy.  Secure Trust Bank are back in at 4.82% with UBL Bank and Charter Savings completing the top 10 at 4.77%. 

2 Year ISA

United Trust Bank pay a best buy 4.65% alongside a quartet that includes OakNorth, Secure Trust Bank and Close Brothers. Cynergy and Shawbrook are a whisker behind at 4.64% before a drop to Paragon and Charter Savings at 4.59%. Aldermore Bank pay 4.55% and West Brom completed the top 10 at 4.51%.

3 Year ISA

Principality Building Society remain best buy paying an improved 4.50%. They are ahead of United Trust Bank who are up to 4.48% alongside Shawbrook Bank. OakNorth pay 4.47% with Close Brothers at 4.44% and Paragon at 4.35%. Aldermore Bank are offering 4.25% with Zopa Bank at 4.21%.

5 Year ISA

Principality Building Society remain top but have increased to 4.17%. They move ahead of United Trust Bank who increased to 4.15%. Shawbrook pay 4.14% and Close Brothers offer 4.11%. West Brom are at 4.09% with UBL paying 4.08%. Paragon at 4.05% and Zopa at 4.01% are the other providers north of 4%.

Lifetime ISA

Moneybox pay a best buy 5% - but their rate does include a 1% bonus for 12 months. Tembo, who have bought Nude Finance, pay 4.30%. 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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