With interest rates slowly back on the rise, we examine the best savings accounts and Isa accounts on offer in 2019.
OakNorth Bank has launched an easy-access cash Isa with a top rate of 1.44%. Available online, it sits just a whisker ahead of Shawbrook Bank offer of 1.43%.
Neither rate is boosted by a short-term bonus and there are no limits on the number of withdrawals. Virgin Money pays a marginally higher 1.45% on its Double Take Isa, which limits you to two withdrawals a year.
OakNorth is also offering the top one-year fixed-rate cash Isa at 1.75%, closely followed by Shawbrook Bank at 1.74% and Cynergy Bank at 1.73%. The next best rate is 1.7% via Coventry Building Society, although you have to tie up your money until 31 May next year rather than for just 12 months.
In terms of easy-access taxable accounts, you can earn 1.51% with The Family Building Society, but the opening balance is £15,000, and you can’t add any money to your account after 8 March.
Meanwhile, the Marcus account from Goldman Sachs pays 1.5%, including a 0.15 percentage point bonus payable for a year. Virgin Money also pays 1.5%, but limits you to two withdrawals a year.
The best rate with no bonus or restrictions comes from Shawbrook Bank at 1.43% followed by Ford Money and RCI Bank both offering 1.42%.
On fixed-rate bonds, the top one-year rate is 2.01% from OakNorth Bank, closely followed by Tandem Bank and Masthaven Bank at 2%.
You can earn a top 2.15% fixed for 18 months, or 2.3% for two years with Masthaven.
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