Savers have to brace themselves for more bad news as banks and building societies close their top easy-access deals to new savers.
In a flurry of cuts last week, top deals on both cash Isas and taxable accounts disappeared.
Post Office closed its Premier Cash Isa to new savers which paid a top 1.8% while Coventry Building Society shut the doors on its Online Saver account. It paid a top 1.6% before tax (1.28% after tax). And in a further blow to savers Virgin Money cut the rate to new savers on both its Cash Isa to 1.61% and Easy Saver account to 1.41% (1.13%)
The top easy-access cash Isa comes from Britannia, part of Co-op Bank, at 1.75%, while on taxable deals the best rate is 1.5% (1.2%) with Tesco Bank Internet Saver, AA Internet Extra Issue 13 and State Bank of India Instant Access Savings Account.
On fixed rate taxable deals the best one-year rate comes from State Bank of India at 1.85% (1.48%) followed by Britannia at 1.84% (1.47%)
On two years you can earn 2.25% (1.8%) with Post Office or 2.1% (1.68%) with National Counties BS.
On cash Isas, Britannia pays 1.85% fixed for one year and Post Office 2.25% for two years.
This article was written for our sister website Money Observer