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ISA round up - 8th July

ISA rates were largely stable on the week with the main changes being Secure Trust Bank moving up to second on 1 Year ISA and taking the top spot on 2 Year ISA. Otherwise, there was relatively little movement as providers seem to have sat on the sidelines awaiting the general election result and any influence on financial markets that might have.  The expected result and lack of any Truss style prenouncements from the incoming government though suggests that there is unlikely to be any shocks this time. ISA rates still feel generous given the almost certainty of a Base Rate cut at the August or September MPC meeting. 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%. Cynergy Bank pay 4.87% ahead of Kent Reliance at 4.86%. 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. Secure Trust are next, following their uplift to 4.95%, which moved them above Kent Reliance, who had also increased to 4.94%. Cynergy, Charter Savings and Shawbrook are all locked at 4.93% with Castle Trust Bank and Close Brothers at 4.91%. United Trust Bank pay 4.90% and OakNorth complete the top 10 at 4.84%.

2 Year ISA

Secure Trust Bank pay a best buy 4.69% to move ahead the trio in second place - United Trust Bank pay 4.67% as do Close Brothers and Cynergy Bank. Castle Trust pay 4.65% with Shawbrook a whisker behind at 4.64% before a drop to Ford Money at 4.60%, Paragon at 4.59% and West Brom Building Society at 4.51%.

3 Year ISA

Principality Building Society pay a best buy 4.60%, with United Trust Bank at 4.55% alongside Cynergy. Close Brothers are next at 4.50% with Shawbrook Bank behind them at 4.48% before a big drop to Paragon at 4.35%. Secure Trust Bank pay 4.25%, Zopa pay 4.21% and UBL Bank and Castle Trust complete the top 10 at 4.20%

5 Year ISA

Principality Building Soceity are also the best buy on 5 Year ISA at 4.25% but Secure Trust Bank are just behind at 4.23%, as they moved above United Trust Bank at 4.20%. Close Brothers are next at 4.17% with Shawbrook just behind paying 4.14%. West Brom are at 4.09% with UBL paying 4.08%. Paragon and Hinckley & Rugby Building Society 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 pay 4.30% - they recently bought Nude Finance. 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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