Top cash ISA deals improve as new tax year approaches – 7 high interest accounts | Personal Finance | Finance

One-year fixed rate ISA

Santander’s One Year Fixed Rate ISA tops the leaderboard with an AER of 4.15 percent.

The minimum opening balance is £500, interest is calculated daily and is paid annually or at maturity, and partial withdrawals are not allowed. There’s a penalty equivalent to 120 days’ interest if the account is closed early.

People will also receive a £50 e-voucher when they transfer in a non-Santander ISA of £10,000 or more to one of Santander’s fixed rate ISAs.

Two-year fixed rate ISA

Topping the two-year fixed rate ISA leaderboard is Santander with an AER of 4.2 percent.

The same rules apply – the minimum balance is £500, interest is calculated daily and paid annually and partial withdrawals are not permitted.

Three-year fixed rate ISA

Paragon Bank’s Three Year Fixed Rate Cash ISA tops the list with an AER 4.15 percent.

The account can be opened with £500 and interest is paid on the anniversary. Earlier access will be subject to 270 days’ loss of interest.

Four-year fixed rate ISA

Gatehouse Bank’s Four Year Fixed Term Woodland Cash ISA tops the list with an Annual Profit Rate of 4.2 percent.

Gatehouse Bank operates under Sharia principles, which means profit is earned instead of interest. And with a Woodland Saver, a new tree planted in UK woodland per bank account opened or renewed.

The account can be opened with £1,000 and the profit is paid on the anniversary. Early access is, however, subject to 360 days’ loss.