Savings update: top picks for savers as the Isa deadline looms

27 March 2019

Savers looking to use their Cash Isa allowance before the end of the tax year on 5 April 5 can earn up to 1.5% through easy-access accounts.

Santander offers this rate on its eISA, but only to customers with a 123 World or Select account. The next best deal is 1.46% from Yorkshire Building Society but this account only allows one withdrawal per year.

Paragon pays 1.45% and OakNorth pays 1.44%. Virgin Money also offers 1.45% on its Double Take E-Isa, but unlike the other top-paying accounts, limits you to two withdrawals a year.

On fixed-rate Isas, OakNorth pays 1.78 % on its new one-year account, which was launched this week. This top rate is closely followed by 1.77% from Shawbrook Bank and 1.75% from Charter Savings Bank.

For two years, you can earn a slightly higher 1.95% through Charter Savings Bank.

On easy-access taxable accounts, Kent Reliance has raised the rate of its online Easy Saver to 1.5%. 

Marcus by Goldman Sachs, and Virgin Money also pay 1.5%. The Marcus account includes a bonus of 0.15 percentage points for the first year, while Virgin Money’s Double Take online account limits you to two withdrawals a year. 

The most that you can earn on a one-year fixed-rate bond is 1.97% from Shawbrook Bank, with Close Brothers Savings close behind at 1.96%. For two years, Aldermore and Tandem both pay 2.25%.

This article first appeared on our sister website Money Observer

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