1964: Time of Indifference – Maselli
It has been a little time since I last updated the blog with some of the top rates. Please note that I am often very suspicious of top paying rates. When a bank or building society offer the best rates, it does not mean that they really are the best, in current times it is more likely to mean that they are the most hungry for new funds, which may mean that they want to be competitive, but may also mean that they need the cash more than their competitors. So please treat such lists with a degree of caution. You should also always check the details carefully – making sure that it really is an account that you want. Finally – compensation is very much the word of the day, so make sure that your accounts are within the FSCS compensation limits.
Instant Access Accounts (£5,000 deposit)
Online: Coventry 3.15%
Bank: Virgin Money 2.85%
Building Society: Nottingham 3.25%
Cash ISA – Variable Rate
Online: Santander 4.00%
Bank: Barclays 3.05%
Building Society: Nationwide 4.25%
Cash ISA – Fixed Rate
Online: RBS 4.20%
Bank: Halifax 4.50%
Building Society: Yorkshire 5.00%
Cash ISA rates are generally not a lot better than standard deposit accounts at the moment, so there is very limited tax advantage with a Cash ISA at present.
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