Sylvia Morris rounds up the best available rates for Isas and taxable savings accounts
NatWest and RBS are offering among the best rates for savers able to put away the full £20,000 cash Isa allowance for this tax year before 5th May.
The banks will pay a 1 percentage point bonus for a year, worth an extra £200 in interest on balances up to £20,000.
The underlying rate with the easy-access NatWest Cash Isa is just 0.01 per cent but the bonus boosts it to 1.01 per cent. At RBS the standard rate is 0.05 per cent, so you earn 1.05 per cent including the bonus.
Coventry Building Society pays 1.01 per cent on its Easy Access Isa Issue 5 with no bonus. Skipton Building Society has upped the rate on its Bonus Cash Isa to 1 per cent, including a 0.35 percentage point bonus for a year. Unlike the Coventry and NatWest accounts, you cannot transfer your existing cash Isas into the Skipton deal.
On fixed-rate cash Isas, the top one year deal comes from Yorkshire BS at 1.1 per cent fixed until the 30th April next year. Leeds Building Society pays 1.01 per cent while Newcastle and Skipton Building societies along with Aldermore Bank pay 1 per cent. For two years, the top rate is 1.25 per cent from Yorkshire Building Society followed by 1.2 per cent from Skipton Building Society and Aldermore Bank.
On taxable easy-access accounts Yorkshire Building Society pays a top 1.15 per cent on its branch-based Single Access Saver. But you are restricted to making withdrawals on just one day of your choosing a year.
French-owned RCI Bank pays 1.1 per cent on its internet-based Freedom Account with no withdrawal restrictions. Kent Reliance has upped the rate for new savers on its Easy Access account for new savers to 1 per cent while Charter Savings Bank has launched its Easy Access 3 account at 1.01 per cent.
On fixed-rate one-year bonds Paragon Bank pays a leading 1.51 per cent while Family Building Society and Charter Savings Bank pay 1.52 per cent for 18 months. For two years, Secure Trust Bank pays a top 1.85 per cent.
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