The best UK ISA rates this week

Metro Bank holds top spot in the one-year chart, with its 1 Year Fixed Rate Cash ISA paying 5.71% AER. No deposit is required to open the account, which must be set up in branch and additionally managed online or by phone. Transfers in from Cash ISAs or Stocks and Shares ISAS are permitted for 30 days from account opening, as are further additions. Early access is allowed on closure only, with a penalty of 180 days’ loss of interest.

Following Melton BS’ withdrawal of its joint market-leading rate last week, Hinckley & Rugby BS now sits alone at the summit of the two-year chart. Its 30 Month Fixed Rate Cash ISA – Issue 5 pays 5.30% AER at £500 and can be opened and managed in branch and by post. Further additions are not permitted, with internal transfers in from Cash ISAs only allowed on account opening. Early access is allowed but will lead to 180 days’ loss of interest.

Nottingham BS still leads the way in the three-year market this week, with its Fixed Rate ISA Issue 157 paying 4.90% AER from £500. Only available to open and manage in-branch, the account allows for further additions while the issue remains open. Early access is permitted on transfers out only, subject to 180 days’ loss of interest.

Melton BS’ product withdrawals mean Hinckley & Rugby BS now also leads the five-year category with its 5 Year Fixed Rate Cash ISA - Issue 5. The account, paying 4.90% AER can be opened and managed in branch and by post. Available with a minimum deposit of £500, this ISA does not allow further additions. However, early access is allowed subject to 365 days’ loss of interest.