Skipton Building Society’s new Cash Isa Tracker guarantees your interest rate will rise with the base rate.
It pays 1.21% and promises to pay 0.46 percentage points over the Bank of England base rate – currently 0.75% – until May next year. However, you are limited to three withdrawals a year.
The top rate on easy-access Cash Isas comes from Virgin Money’s Double Take Isa at 1.45%, but you are limited to two withdrawals a year.
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The top rate with no withdrawal restrictions is available via Paragon Bank, paying 1.35%.
On fixed-rate cash Isas, Cynergy Bank pays a top 1.73% for one year. The next best rate is via Coventry Building Society at 1.7%, although you need to tie up your money until 31 May next year, rather than for just 12 months.
On easy-access accounts, the ICICI Bank HiSave Bonus account offers the best rate at 1.55%. But the online account comes with a bonus of 0.3 percentage points payable for the first 12 months.
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The top rate for an easy-access account with no bonus or withdrawal restrictions is available via Ford Money and RCI Bank, both pay 1.42%.
On fixed-rate bonds, the top one-year rate is 2.0% from Aldermore Bank. For two years the top rate is from Tandem Bank, which pays 2.30%.
This article first appeared on our sister website Money Observer
This article was originally published in our sister magazine Moneywise, which ceased publication in August 2020.
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