Best ISA Rates

The UK Government meets its pledge as inflation slows dramatically to 4.6% in the year to October. This is the lowest annual rate in two years according to the Office for National Statistics (ONS).

The UK Government meets its pledge as inflation slows dramatically to 4.6% in the year to October, according to the Office for National Statistics (ONS).

The average rate paid by a fixed bond with a term over 550 days dropped to 5.11% at the start of October, according to Moneyfacts’ data. This is the first time this rate has fallen since March 2023.

This is the first time average rates have fallen in this sector since March 2023.

Rising fuel prices largely responsible for sustained, elevated inflation despite food prices falling for the first time since September 2021

Rising fuel prices largely responsible for sustained, elevated inflation despite first monthly fall in cost of food since September 2021.

The Bank of England’s Monetary Policy Committee (MPC) voted to keep the base rate at 5.25% today - the first time in almost two years the MPC have opted to keep borrowing costs unchanged.

This is the first time in almost two years the Bank of England’s Monetary Policy Committee (MPC) opted to keep borrowing costs unchanged.

Core inflation, which excludes energy and food prices, also fell.

Core inflation, which excludes energy and food prices, also fell.

The average return on an easy access ISA hit 3.00% gross yesterday according to Moneyfacts’ data – the highest this rate has been since December 2008.

The last time this rate was higher was in December 2008.

The Bank of England’s Monetary Policy Committee (MPC) voted to make its 14th consecutive base rate increase today.

The Bank of England’s Monetary Policy Committee (MPC) voted to make its 14th consecutive base rate increase today.

The last time this rate was higher was November 2008.

The last time this rate was higher was November 2008.

UK inflation, the measure of how prices are increasing, fell to 7.9% in the year to June, according to the latest announcement from the Office for National Statistics (ONS). This is in contrast to last month when inflation rose at a higher rate of 8.7% in the 12 months to May.

The latest drop sees UK inflation fall to the lowest annual rate since March 2022.

Four high street providers, Nationwide, Santander, TSB and Virgin Money, all defended their savings rates in letters published last week. This follows correspondence from the Treasury Committee in May which criticised the banks and building societies for seemingly failing to pass increases to the Bank of England base rate on to savers.

Their responses cite current accounts and fixed products as higher-rate alternatives.

Yorkshire Building Society and Coventry BS see selected variable rates rise, with other providers also increasing interest rates.

Yorkshire Building Society and Coventry BS see selected variable rates rise, with other providers also increasing interest rates.

Despite the rise there are several other providers with better rates.

Despite the rise there are several other providers with better rates.

This is the 12th consecutive rise to the base rate since December 2021.

This is the 12th consecutive rise to the base rate since December 2021.

This includes a rise for its Triple Access range.

Nationwide's Triple Access accounts, including an easy access offer and an ISA equivalent, will also benefit from the latest round of increases.

UK inflation, which is used to measure how prices increase, rose at a rate of 10.1% in the year to March, according to the Office for National Statistics (ONS). In comparison, inflation rose by 10.4% in the 12 months leading to February.

Despite the reprieve food prices continue to rise at a significant pace.

In this article we’ve listed some of the green savings accounts and how they compare to other deals in this sector.

In this article we’ve listed some of the green savings accounts and how they compare to other deals in this sector.

You now have until Wednesday to use your ISA allowance, so below we’ve listed some last-minute options.

You now have until Wednesday to use your ISA allowance, so below we’ve listed some last-minute options.

From building societies to digital providers, which banks have passed the latest base rate increase on to their savers?

From building societies to digital providers, which banks have passed the latest base rate increase on to their savers?

Variable rates have risen for the past 13 consecutive months - the first time on Moneyfacts’ records.

Variable rates have risen for the past 13 consecutive months - the first time on Moneyfacts’ records.

Given the heightened cost of living, should a flexible ISA be a top priority?

Given the heightened cost of living, should a flexible ISA be a top priority?

Most primary fund sectors returned a loss over the past 12 months.

Most primary fund sectors returned a loss over the past 12 months.

While fuel prices fall further, the cost of food remains stubbornly high.

While fuel prices fall further, the cost of food remains stubbornly high.

Paragon Bank’s Triple Access Account pays 3.10% AER, but will drop to 0.75% AER if you make four or more withdrawals in a 12-month period.

Paragon Bank’s Triple Access Account pays 3.10% AER, but will drop to 0.75% AER if you make four or more withdrawals in a 12-month period.

The Bank of England’s Monetary Policy Committee (MPC) voted to increase the base rate by 50 basis points today.

The Bank of England’s Monetary Policy Committee (MPC) voted to increase the base rate by 50 basis points today.

The current account currently betters several variable savings rates.

The current account currently betters several variable savings rates.

New Moneyfacts data shows average interest rates failed to rise across both one-year and longer-term fixed bonds, but variable rates rose for another consecutive month.

Average interest rates failed to rise across both one-year and longer-term fixed bonds, but variable rates rose for another consecutive month.

Savings rates rose for the 10th consecutive month for the first time since Moneyfacts records began in February 2007.

Savings rates rose for the 10th consecutive month for the first time since Moneyfacts records began in February 2007.

Falling petrol prices sees inflation drop back but increases in alcohol prices in pubs and restaurants means cost of living remains stubbornly high.

Inflation continues to take its toll on savings pots, but savvy savers could still find a better return.

UK inflation rose by an annual rate of 11.1% in October, a full percentage point more than the 10.1% increase registered in the 12 months leading to September. This is according to the Office for National Statistics (ONS) which found that energy and food prices made the largest contribution to the increase in inflation.

What the latest leap in the rate of inflation is likely to mean for your savings.

Atom Bank launched a market-leading nine month fixed rate bond today, paying a rate of 3.95% AER.

Short-term option for savers arrives after Bank of England says it expects inflation to drop in mid 2023.

Coventry Building Society (BS) launched eight new accounts , which include market-leading offers for its one, two and three year fixed ISAs. All three accounts calculate interest daily and pay it monthly or yearly.

Coventry Building Society (BS) launched eight new accounts today, including market-leading offers for its one, two and three year fixed rate ISAs.

Inflation rose by 10.1% in the 12 months leading to July, according to the latest figures from the Office for National statistics (ONS). In comparison, inflation was recorded at 9.4% in the 12 months leading to June.

Inflation rose by 10.1% in the 12 months leading to July, according to the latest figures from the ONS.

Top savings deals are thriving with some fixed rates more than doubling since a year ago. Still, the Consumer Price Index (CPI) rose to 9.4% during June, from 9.1% in May meaning there is still not a single deal which is able to outpace inflation. Looking back, in July last year there were no deals that could beat June 2021's inflation rate of 2.5%. It was a different story in July 2020, when there were 306 deals (16 easy access, 19 notice accounts, 12 variable rate ISAs, 69 fixed rate ISAs and 190 fixed rate bonds) that could beat June 2020's inflation rate of 0.6%*.

Top savings deals are thriving with some fixed rates more than doubling since a year ago. However, savings deals are continue to fall short of beating inflation

The latest data from the Office for National Statistics (ONS) found that household savings during the pandemic reached their highest level between April and June 2020. The household savings ratio, which calculates the amount of money households have saved in relation to their total disposable income, peaked at 23.9% in this period. In contrast, this figure was recorded at 6.8% between October and December last year.  

The latest data from the ONS found that household savings during the pandemic reached their highest level between April and June 2020.

After a lengthy absence, ISA season is back around the end of a tax-year with the market seeing the highest uplift in average rates month-on-month in a decade. Those savers who are comparing deals to utilise their 2022/23 allowance will find much better rates on average compared to a month ago, both for variable and fixed ISAs, according to the latest Moneyfacts Savings Treasury Report.

After a lengthy absence, ISA season is back around the end of a tax-year with the market seeing the highest uplift in average rates month-on-month in a decade.

Non 123 World or Select customers will be offered 0.70%. With ISA season in full swing, Santander has increased the interest on its eISAs by 0.20%. This means 123 World or Select customers will access a rate of 0.80% while other customers will be offered 0.70%. “We’re pleased to have increased rates across a range of Santander accounts recently, and our improved e-ISA offers customers one of the highest Cash ISA rates from a high street bank, with an even higher return for our 123 current account customers as a reward for banking with us,” said Hetal Parmar, Head of Banking and Savings at Santander UK.

Non 123 World or Select customers will be offered 0.70%.

Inflation has continued to rise, making it an impossible task for cash savers to protect their cash from its eroding impact. Acquiring the best savings deal is crucial to soften its eroding impact and the latest analysis from Moneyfacts.co.uk reveals the top rate deals available to savers searching for a competitive return. • The Consumer Price Index (CPI) rose to 6.2% during February, from 5.5% in January. • The number of deals able to outpace inflation has not changed since last month. There is not one standard savings account that can outpace 6.2%*. • The predicted rate for inflation during Q1 2023 is 5.2%. • In March 2021, 326 deals (seven easy access accounts, 23 notice accounts, eight variable rate ISAs, 78 fixed rate ISAs and 210 fixed rate bonds) could beat 0.4% (February 2021 CPI) and in March 2020, 26 deals (all fixed rate bonds) could beat 1.7% (February 2020 CPI)*.

Inflation has continued to rise, making it an impossible task for cash savers to protect their cash from its eroding impact.

The decision could have an effect on your savings, ISA, mortgage, and disposable income. The Bank of England (BOE) raised interest rates today from 0.50% to 0.75%. This decision can be largely owed to Russia’s invasion of Ukraine, which will likely push inflation in the UK higher. “Higher interest rates are supposed to help cool inflation, but prices have risen due to reasons largely outside of the Bank of England’s and the Government’s control - the cost of petrol, food and other day-to-day items is rising because of global events,” said Annabelle Williams, Personal Finance specialist at Nutmeg. “Although this is a small increase to interest rates which have been hovering close to record lows for many years now, many will be looking to see if the increase is passed on to consumers through higher savings rates,” she said. This is the first time the Monetary Policy Committee (MPC) has raised rates on three successive meetings in more than two decades. With this in mind, how can these rate increases affect your personal finances?

The decision could have an effect on your savings, ISA, mortgage, and disposable income.