With interest rates slowly back on the rise, we examine the best savings accounts and Isa accounts on offer in 2019.
Challenger bank Secure Trust has entered the cash Isa market with a near-top one-year fixed-rate account, paying 1.6%, which is just behind Charter Savings Bank at 1.62%. Aldermore Bank also pays 1.6% for one year.
For two years, the best available rate of 1.8% is on offer through Aldermore Bank, followed by 1.76% through Paragon Bank, and 1.75% with Ford Money.
On easy-access cash Isas, the top rate is 1.5% with Coventry Building Society's Online Easy Access account, but it includes a bonus of 0.35 percentage points for the first year. Virgin Money pays the same rate on its Double Take E-Isa, but restricts you to two withdrawals a year.
The best rate with no bonus or withdrawal restrictions is 1.43%, on offer from Shawbrook Bank. AA members can earn 1.43% with the motoring organisation’s Isa Member Easy Access account.
On taxable accounts, the best easy-access rate of 1.5% is available through Goldman Sachs’ Marcus account, Cynergy Bank’s Online Easy Access account, and Virgin Money’s Double Take E-Saver.
The Marcus account includes a bonus of 0.15 percentage points for the first year, while at Cynergy Bank the bonus is 0.5 points for 12 months. Virgin Money’s Double Take online account limits you to two withdrawals a year.
The best rate with no bonus or withdrawal restrictions is 1.45% through Paragon Bank’s Limited Edition Easy Access account. Other good deals include Shawbrook Bank’s Easy Access account, paying 1.43%, along with RCI Bank’s Freedom Account and Ford Money’s Flexible Saver, both paying 1.42%, while AA members can earn 1.44%.
On fixed-rate bonds, the top one-year rate of 2% is available through Metro Bank, followed by Charter Savings Bank at 1.86%.
For two years, you can earn 2.23% through Atom Bank, or 2.2% with Hampshire Trust Bank.
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