New banks continue to edge up their fixed rate deals. Aldermore Bank has increased the rate on its one-year bond to 1.5 per cent, just behind the best deal at 1.55 per cent from Charter Savings Bank.
For two years the top deal comes from OakNorth Bank at 1.71 per cent followed by Paragon Bank at 1.7 per cent and Charter Savings Bank 1.67 per cent.
On taxable easy-access accounts RCI Bank pays the top 1.1 per cent. With this French-owned bank your money is covered up to €100,000 (around £85,000) under the French scheme. With other top deals, you are covered up to £85,000 by the UK Financial Services Compensation Scheme.
Tesco Bank raised the rate on its Internet Saver to 1.06 per cent this week, including a bonus of 0.66 percentage points for the first year. The rate on Bank of Cyprus UK Online Easy Access account is 1.05 per cent including a bonus payable for the first 12 months.
Next best is Leeds Building Society’s Limited Edition Online Access 2 at 1.05 per cent with no bonus while Charter Savings Bank pays 1.01 per cent. Other good deals with no bonus include new-comer Ford Money’s Flexible Saver and Kent Reliance Easy Access issue 18 both at 1 per cent.
In the high street, the top rate is 1.1 per cent from Yorkshire Building Society. But on this easy-access Single Access Saver account you are restricted to making withdrawals on just one day of your choosing a year. National Counties Building Society Branch Saver 5 pays 0.86 per cent while Coventry Building Society pays 0.85 per cent.
On easy-access cash Isas best deals come from Coventry Building Easy Access Isa 6, Ford Money and Sainsbury’s Bank all at 0.9 per cent.
Skipton Building Society 1 per cent on its Bonus Cash Isa but this rate includes a 0.35 percentage point bonus for a year.
On fixed-rate cash Isas, the top one-year deal comes from Bank of Cyprus UK at 1.15 per cent along with Ford Money and Virgin Money at 1.05 per cent. Paragon Bank pays a top 1.26 per cent for two years, just ahead of Bank of Cyprus UK at 1.25 per cent and Virgin Money at 1.21 per cent.
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