Savings update: Kent Reliance launch top-rate easy access account

18 September 2018
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Easy-access savings rates are inching up.

Kent Reliance has launched a new issue of its Easy Access account paying a top 1.37%. It is available online and through its branches. Coventry Building Society pays a slightly higher 1.4% on its Limited Access Saver but that includes a 0.25 percentage point bonus payable for the first year and limits you to making three free withdrawals every 12 months.

On fixed rate bonds, the top rate is currently 2.02% from ICICI Bank, followed by Charter Savings Bank and Oaknorth Bank, both at 2.01%. Atom, Investec, Tandem and Zenith banks all pay 2%.

For 18 months you can earn marginally more with the 2.11% from Charter Savings Bank, while the best two-year rate is 2.25% from Investec, PCF and Tandem banks. 

On easy-access Cash Isas the best rate comes from Virgin Money’s Double Take E-Isa at 1.36%, but you are limited to making two withdrawals a year. This is followed by Yorkshire Building Society with its Single Access Isa at 1.35% which restricts you to making withdrawals on just one day in a year – and you are moved into a lower paying account after the first 12 months. 

The top rate with no withdrawal restrictions is Shawbrook Bank Easy Access Cash Isa 4 at 1.3%.

On fixed rate cash Isas, Paragon Bank pays 1.55%, Bank of Cyprus 1.55% with Shawbrook Bank at 1.51%.

The best two-year rate is 1.75% from Shawbrook Bank, followed by 1.71% from Charter Savings Bank.

Comments

In reply to by anonymous_stub (not verified)

How is it that the best 2-year ISA only offers 1.75%, while the best non-ISA 2-year bonds offer 2.25%? If ever proof were needed that providers don't care about cash ISA funds, here it is - and never mind that even the best of these accounts undershoots inflation by at least half a percent. The legacy of rampant chronic money-supply inflation will never go away.

In reply to by anonymous_stub (not verified)

Why don't you mention the RCI instant access account that pays 1.30% for immediate access and pay in or withdraw as you wish?

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