With interest rates slowly back on the rise, we examine the best savings accounts and Isa accounts on offer in 2019.
Rates on easy-access accounts and easy-access cash Isas continue to rise.
For cash Isas, Virgin Money has upped the rate on its Double Take E-Isa to 1.5% for new savers. It follows in the footsteps of Coventry Building Society, which has also raised the rate on its Easy Access ISA (Online) Issue 2 to 1.5%.
The Virgin account limits you to two withdrawals a year, while Coventry includes a 0.35 percentage point bonus payable until 31 August next year.
The top rate with no bonus or withdrawal restrictions is 1.46%, on offer from Kent Reliance.
In terms of fixed-rate cash Isas, rates have stayed around the same level and pay only a whisker more than easy-access accounts.
The top one-year rate is 1.62% through Charter Savings Bank, just ahead of Aldermore at 1.6%. For two years, both Virgin Money and Charter Savings pay 1.82%.
On taxable easy-access accounts, both Goldman Sachs’s Marcus account and Virgin Money’s Double Take E-Saver pay 1.5%.
The Marcus account includes a bonus of 0.15 percentage points for the first year, while Virgin Money’s Double Take online account limits you to two withdrawals a year.
Sainsbury’s Bank has raised the rate on its Defined Access Saver to 1.47% for new customers. It limits you to three withdrawals a year.
Other good online deals with no bonus or withdrawal restrictions include Paragon Bank at 1.45%, Shawbrook Bank at 1.43%, the RCI Freedom account at 1.42%, and both Beehive Savings and Kent Reliance paying 1.4%.
On fixed-rate bonds, Atom Bank pays a top 2.03% for one year, followed by Metro Bank at 2%, and Charter Savings Bank at 1.98%. For two years, Atom pays a fixed 2.3%, and Tandem Bank 2.25%.
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