Savings update: Isas and taxable accounts rates

Coventry Building Society has raised the rate it pays on its Easy Access Isa 5 to a top 1.05 per cent. It is available online, through its branches and by post or phone and accepts transfers from other providers.

On fixed-rate cash Isas, the top deals come from Virgin Money at 1.05 per cent, Leeds Building Society at 1.01 per cent, with both Saga and Newcastle Building Society at 1 per cent. Coventry Building Society pays 1.1 per cent fixed until 30th November next year.

For two years, you can earn 1.26 per cent with Principality Building Society. Darlington Building Society pays 1.25 per cent and both Skipton Building Society and Paragon Bank 1.2 per cent.

On taxable easy-access accounts Yorkshire Building Society has raised the rate on its Single Access Saver to 1.15 per cent. But you are restricted to making withdrawals on just one day of your choosing a year. The account is on offer through its branches or by post.

French-owned RCI Bank pays 1.1 per cent on its internet-based Freedom Account and Nottingham Building Society 1.05 per cent on its e-Saver Instant 7. There are no withdrawal restrictions on either account.

On fixed-rate one-year bonds Atom Bank pays 1.6 per cent, Paragon Bank 1.51 per cent and Aldermore Bank 1.5 per cent.

For two years, you’ll earn 1.7 per cent with both Atom and Paragon banks, 1.66 per cent with OakNorth Bank or 1.6 per cent with Shawbrook Bank.

Subscribe to Money Observer Magazine

Be the first to receive expert investment news and analysis of shares, funds, regions and strategies we expect to deliver top returns, plus free access to the digital issues on your desktop or via the Money Observer App.

Subscribe now

Add new comment