A growing number of providers are offering a top easy-access rate of 1.5%. However, all of them come with a catch.
Virgin Money’s Double Take E-Saver, Goldman Sachs’ Marcus Online Saver, and West Bromwich Building Society’s Double Access account all pay this top rate.
But both the Virgin and West Bromwich accounts limit you to two withdrawals a year, while the Marcus rate includes a 0.15 percentage point bonus for the first year that you hold the account.
The top rate, which give you true 'easy access' to your money, is 1.42% with Ford Money Flexible Saver, and RCI Bank Freedom Saver.
On fixed-rate bonds, the top one-year rate is 2.05% from Atom Bank, followed closely by Charter Savings Bank at 2.01%, while Investec Bank, Tandem, and Ford Money, all pay 2%.
On fixed-rate tax-free cash Isas, Shawbrook Bank pays 1.66% for one year and Aldermore Bank 1.65%. For two years, they pay 1.86% and 1.85%, respectively.
On easy-access cash Isas, Paragon and Sainsbury’s Bank both pay 1.35%.
Virgin Money pays a higher rate of 1.45% on its Double Take E-Isa, but it limits you to two withdrawals a year.
Leeds Building Society’s Limited Issue Online Access Isa Issue 9 pays 1.38%. However, the account runs only until 1 March next year, after which your money will be transferred into another easy-access Isa.