Savings update: the best Isa and taxable easy-access account rates

Published by Sylvia Morris on 11 April 2017.
Last updated on 11 April 2017

Savings account

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 5 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% but the bonus boosts it to 1.01%. At RBS the standard rate is 0.05%, so you earn 1.05% including the bonus.

Coventry Building Society pays 1.05% on its Easy Access Isa Issue 5 with no bonus. Skipton Building Society has upped the rate on its Bonus Cash Isa to 1%, 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 Building Society at 1.1% fixed until the 30th April next year. Leeds Building Society pays 1.01% while Newcastle and Skipton Building societies along with Aldermore Bank pay 1%. For two years, the top rate is 1.25% from Yorkshire Building Society followed by 1.2% from Skipton Building Society and Aldermore Bank.

On taxable easy-access accounts Yorkshire Building Society pays a top 1.15% 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% 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% while Charter Savings Bank has launched its Easy Access 3 account at 1.01%.

On fixed-rate one-year bonds, Paragon Bank pays a leading 1.51% while Family Building Society and Charter Savings Bank pay 1.52% for 18 months. For two years, Secure Trust Bank pays a top 1.85%.

This article was originally written for our sister magazine, Money Observer.

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