Nationwide offers top ISA rate of 4.6% – ‘market-leading’ | Personal Finance | Finance
Nationwide’s three year ISA rate of 4.6% has been described as ‘market-leading’ (Image: Getty)
Nationwide’s three year ISA rate of 4.6% has been described as “market-leading” by a leading consumer comparison website. Moneyfactscompare.co.uk said a number of savings providers this week nudged rates higher on their one-, three- and five-year ISAs.
Rhiannon Philps from Moneyfacts said: “Nationwide now pays the market-leading three-year ISA rate of 4.60% AER, alongside Aldermore, after making competitive changes to its range of fixed ISAs. This account may appeal to savers who prefer to keep their money with a well-known high street name, as well as those who want the option to manage their account in-person by visiting a branch.”
READ MORE: Labour lefties ‘plotting to get rid of Wes Streeting as PM’
READ MORE: UK pottery giant collapsed into administration after 217 years – huge sale
She added that it is worth looking at other providers even if they are not such familiar brands as the same protection is offered to savers under the Financial Services Compensation Scheme.
The FSCS protects and reimburses consumers if their financial provider goes bust.
In its latest analysis of the savings market, Moneyfacts identified some of the best easy access, fixed and notice cash ISA rates on offer to new customers with at least £10,000 to deposit.
For easy access, Moneyfacts lists Trading 212’s no notice Cash ISA Promo Rate, offering 4.51% AER and including a bonus.
This compares to Chip’s Smart Cash ISA rate of 4.32%, also with a bonus, and Plum’s Cash ISA, which has the same rate.
Our community members are treated to special offers, promotions, and adverts from us and our partners. You can check out at any time. Read our Privacy Policy
Moneybox and Tembo’s cash ISAs both offer 4.30% AER. They include a bonus too, with Tembo’s lasting 12 months, according to Moneyfacts.
Rhiannon said the leading one-year fixed ISA rate edged even higher this week after UBL UK raised returns on its 1 Year Fixed Rate Cash ISA.
She explained: “This ISA now pays 4.66% AER on maturity on a minimum opening deposit of £2,000, which savers can add to for the next 10 days.
“However, they can only withdraw from this ISA before the end of the one-year term on account closure, subject to a 90-day loss of interest penalty.”
The expert said savers can open and manage this ISA online, by mobile app, in branch or by post, with the added option to manage it over the phone.
Marsden Building Society tops Moneyfacts’ five-year fixed ISA chart. Its account pays 4.61% AER annually until June 30, 2031 on a minimum opening deposit of £5,000.
You can open and manage the ISA online and deposit more for 14 days after opening the account. Transfers in from other ISAs are accepted within the first 30 days too.
Access to your pot is only allowed when the account is closed. Dipping into it before closure would incur a 360-day loss of interest penalty.
The best notice cash ISA rates, according to Moneyfacts‘ analysis, are Dudley Building Society’s 30 Day Notice Cash ISA Online Issue 2 and its 30 Day Notice Cash ISA Issue 4, which pay 3.95% AER annually.
Aldermore’s online only 60 Day Notice Cash ISA (Issue 10) pays 4.15% AER per month or on anniversary.
