Savers can now earn 1.7% fixed for one year with Atom Bank, or 1.55% with both Charter Savings Bank and Kent Reliance.
Two of the top paying accounts, however, have restrictions in place. To gain access to the market leading Atom account savers will need to be willing to run the account on a smart phone or tablet, while the Charter account is only available online.
Kent Reliance is more flexible in allowing savers to open an account online, by post or through its limited branch network.
The top two-year rate is 1.8% from Paragon Bank or Atom Bank while Charter Savings Bank pays 1.76%.
On easy-access taxable deals, Charter Savings Bank has a new online easy-access deal at a top rate of 1.11%, just ahead of RCI Bank’s 1.1%. Shawbrook Bank pays 1.05% and the AA offers 1.03% on its Member Saver, open to its four million members.
You can earn 1.06% with Tesco Bank and 1.05% at Bank of Cyprus, but these rates are boosted by a bonus which lasts for 12 months before the rate drops.
In the high street, the top rate is 1.05% from Virgin Money Defined Access Saver, which restricts you to making three withdrawals a year. Kent Reliance pays 1%, National Counties Building Society Branch Saver 5 pays 0.86%, and Coventry Building Society Access Saver pays 0.85%.
On tax-free cash Isas, Coventry Building Society, Sainsbury’s Bank and Ford Money all pay a leading 0.9%. Virgin Money offers a better deal at 1.05%, but you are restricted to making three withdrawals a year on your account to earn this rate.
Fixed-rate cash Isas pay far less than bonds. The top one year rate is 1.13% from Bank of Cyprus, followed by Virgin Money and Leeds Building Society at 1.11%. For two years the best deals come from Paragon Bank at 1.26% and Bank of Cyprus 1.23%.
This story was originally written for our sister magazine, Money Observer.