Banks and building societies are launching accounts paying top rates for new savers.
But bear in mind that the new Virgin Money account limits you to making just two withdrawals a year.
Skipton Building Society’s new Cash Isa Plus pays 1.02%, putting it among the top payers on easy-access cash Isas. But the rate includes a 0.27 percentage point bonus payable for the first 12 months.
Virgin Money has also introduced a new version of its Defined Access Cash Isa at a top rate of 1.06%. There is no bonus but you are restricted to making three withdrawals a year. If you make any more your rate tumbles to 0.25% for the rest of the year.
The best deal on easy-access cash Isas with no bonus and no withdrawal restrictions comes from Paragon Bank at 1.05%.
On fixed rate cash Isas Virgin Money pays 1.3% and Metro Bank 1.25%, both fixed for one year. The top two-year deal is 1.51% from Virgin Money or 1.5% from BM Savings, where the deposit taker is Halifax.
The best deal on taxable fixed-rate bonds for one year is 1.95% from Atom Bank followed by Wyelands Bank at 1.83%. PCF Bank pays 1.81% fixed for 18 months while for two years you can earn 2.1% with Atom Bank or 2.05% from Paragon Bank.
How to beat inflation
To beat inflation, currently running at 2.6%, compromises need to be made as all of the small number of regular savings accounts that pay more than inflation require savers to have a current account with the provider. We regularly keeps tabs on the savings market has found there are nine accounts that currently beat inflation.
This article was written for our sister magazine Money Observer.