Top fixed cash ISA rates drop as new tax-year begins

Caitlyn Eastell, Apprentice Press & PR Assistant

Caitlyn Eastell, Press & PR Executive 01603 476169 Email Caitlyn

Top fixed cash ISA rates drop as new tax-year begins

Savers will find there has been some volatility in the top tables and are urged to switch if their loyalty is not being repaid. Moneyfactscompare.co.uk reveals the top rate deals available to those searching for a competitive return.

Top fixed cash ISA rates drop as new tax-year begins

The Consumer Price Index (CPI) fell to 2.6% during March, from 2.8% in February.
There are currently 1,608 savings accounts that beat inflation* (185 easy access, 184 notice accounts, 213 variable rate ISAs, 311 fixed rate ISAs and 715 fixed rate bonds).
The Bank of England’s modal projection rate for inflation during Q1 2026 is 3.0%.
In April 2024, there were 1,364 deals that could beat 3.2% (March 2024 CPI) and in April 2023, there were no deals that could beat 10.1% (March 2023).

The Consumer Price Index (CPI) fell to 2.6% during March, from 2.8% in February.
There are currently 1,608 savings accounts that beat inflation* (185 easy access, 184 notice accounts, 213 variable rate ISAs, 311 fixed rate ISAs and 715 fixed rate bonds).
The Bank of England’s modal projection rate for inflation during Q1 2026 is 3.0%.
In April 2024, there were 1,364 deals that could beat 3.2% (March 2024 CPI) and in April 2023, there were no deals that could beat 10.1% (March 2023).

Savings market analysis
Top savings deals at £10,000 gross	19-Apr-23	17-Apr-24	26-Mar-25	Today
Easy access account	Chip – 3.49%	Ulster Bank – 5.20%	Atom bank – 4.65%	Atom Bank – 4.65%
Notice account	Marsden BS – 4.00% (180-day)	Hinckley & Rugby BS – 5.25% (180-day)	Oxbury Bank – 4.70% (90-day)	Kent Reliance – 4.77% (60-Day)
One-year fixed rate bond	Allica Bank – 4.56%	SmartSave – 5.17%	Birmingham Bank – 4.67%	Cynergy Bank – 4.65% (payable on maturity)
Two-year fixed rate bond	SmartSave – 4.61%	iFAST Global Bank – 5.10%	Birmingham Bank – 4.58%	Close Brothers Savings – 4.58%
Three-year fixed rate bond	Al Rayan Bank – 4.60%**	UBL UK – 4.85% (payable on maturity)	UBL UK– 4.61% (payable on maturity)	UBL UK – 4.61% (payable on maturity)
Four-year fixed rate bond	United Trust Bank – 4.56%	UBL UK – 4.54% (payable on maturity)	UBL UK – 4.54% (payable on maturity)	UBL UK – 4.54% (payable on maturity)
Five-year fixed rate bond	UBL UK – 4.63% (payable on maturity)	UBL UK – 4.95% (payable on maturity)	UBL UK – 4.64% (payable on maturity)	UBL UK – 4.64% (payable on maturity)
**Islamic bank, pays an expected profit rate. Top rates exclude deals with restrictive criteria. Notice accounts exclude those over 180 days. Source: Moneyfactscompare.co.uk

ISA market analysis
Top savings deals at £10,000 gross	19-Apr-23	17-Apr-24	26-Mar-25	Today
Easy access ISA	Yorkshire Building Society – 3.35%	Moneybox – 5.16% (includes bonus)	Moneybox – 5.28% (includes bonus)	Moneybox – 5.71% (includes bonus)
Notice ISA	Marsden BS – 4.00% (180-day)	West Brom BS – 5.10% (60-day)	Tipton & Coseley BS – 4.50% (60-day)	Tipton & Coseley BS – 4.50% (60-day)
One-year fixed rate ISA	Gatehouse Bank – 4.20%**	Virgin Money – 5.05%	Cynergy Bank – 4.55%	Gatehouse Bank – 4.35%** (payable on maturity)
Two-year fixed rate ISA	Paragon Bank – 4.28%	State Bank of India – 4.65% (payable on maturity)	Cynergy Bank – 4.44%	UBL UK – 4.35% (payable on maturity)
Three-year fixed rate ISA	Virgin Money – 4.26%	UBL UK – 4.59% (payable on maturity)	UBL UK – 4.61% (payable on maturity)	UBL UK – 4.39% (payable on maturity)
Four-year fixed rate ISA	UBL UK – 4.37% (payable on maturity)	UBL UK – 4.30% (payable on maturity)	UBL UK – 4.30% (payable on maturity)	UBL UK – 4.30% (payable on maturity)
Five-year fixed rate ISA	UBL UK – 4.33% (payable on maturity)	UBL UK – 4.52% (payable on maturity)	UBL UK – 4.69% (payable on maturity)	UBL UK – 4.58% (payable on maturity)
**Islamic bank, pays an expected profit rate. Inflation announcement dates. Top rates exclude deals with restrictive criteria. Notice ISAs exclude those over 180 days. Source: Moneyfactscompare.co.uk

Savings market analysis
Top savings deals at £10,000 gross	19-Apr-23	17-Apr-24	26-Mar-25	Today
Easy access account	Chip – 3.49%	Ulster Bank – 5.20%	Atom bank – 4.65%	Atom Bank – 4.65%
Notice account	Marsden BS – 4.00% (180-day)	Hinckley & Rugby BS – 5.25% (180-day)	Oxbury Bank – 4.70% (90-day)	Kent Reliance – 4.77% (60-Day)
One-year fixed rate bond	Allica Bank – 4.56%	SmartSave – 5.17%	Birmingham Bank – 4.67%	Cynergy Bank – 4.65% (payable on maturity)
Two-year fixed rate bond	SmartSave – 4.61%	iFAST Global Bank – 5.10%	Birmingham Bank – 4.58%	Close Brothers Savings – 4.58%
Three-year fixed rate bond	Al Rayan Bank – 4.60%**	UBL UK – 4.85% (payable on maturity)	UBL UK– 4.61% (payable on maturity)	UBL UK – 4.61% (payable on maturity)
Four-year fixed rate bond	United Trust Bank – 4.56%	UBL UK – 4.54% (payable on maturity)	UBL UK – 4.54% (payable on maturity)	UBL UK – 4.54% (payable on maturity)
Five-year fixed rate bond	UBL UK – 4.63% (payable on maturity)	UBL UK – 4.95% (payable on maturity)	UBL UK – 4.64% (payable on maturity)	UBL UK – 4.64% (payable on maturity)
**Islamic bank, pays an expected profit rate. Top rates exclude deals with restrictive criteria. Notice accounts exclude those over 180 days. Source: Moneyfactscompare.co.uk

ISA market analysis
Top savings deals at £10,000 gross	19-Apr-23	17-Apr-24	26-Mar-25	Today
Easy access ISA	Yorkshire Building Society – 3.35%	Moneybox – 5.16% (includes bonus)	Moneybox – 5.28% (includes bonus)	Moneybox – 5.71% (includes bonus)
Notice ISA	Marsden BS – 4.00% (180-day)	West Brom BS – 5.10% (60-day)	Tipton & Coseley BS – 4.50% (60-day)	Tipton & Coseley BS – 4.50% (60-day)
One-year fixed rate ISA	Gatehouse Bank – 4.20%**	Virgin Money – 5.05%	Cynergy Bank – 4.55%	Gatehouse Bank – 4.35%** (payable on maturity)
Two-year fixed rate ISA	Paragon Bank – 4.28%	State Bank of India – 4.65% (payable on maturity)	Cynergy Bank – 4.44%	UBL UK – 4.35% (payable on maturity)
Three-year fixed rate ISA	Virgin Money – 4.26%	UBL UK – 4.59% (payable on maturity)	UBL UK – 4.61% (payable on maturity)	UBL UK – 4.39% (payable on maturity)
Four-year fixed rate ISA	UBL UK – 4.37% (payable on maturity)	UBL UK – 4.30% (payable on maturity)	UBL UK – 4.30% (payable on maturity)	UBL UK – 4.30% (payable on maturity)
Five-year fixed rate ISA	UBL UK – 4.33% (payable on maturity)	UBL UK – 4.52% (payable on maturity)	UBL UK – 4.69% (payable on maturity)	UBL UK – 4.58% (payable on maturity)
**Islamic bank, pays an expected profit rate. Inflation announcement dates. Top rates exclude deals with restrictive criteria. Notice ISAs exclude those over 180 days. Source: Moneyfactscompare.co.uk

Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“Following the recent market turmoil, it is likely that providers will be closely watching swap rates for any volatility. Investors should also be cautious to avoid making any spur of the moment decisions with their pots because, despite savings rates falling in recent times, the number of deals paying inflation-busting rates has surpassed 1,600. Markets have also proved that they can overcome periods of instability.

“During the run-up to the new 2025/26 tax-year, easy access cash ISAs thrived as providers battled it out for the top spot, while other ISA rates also saw some improvements. However, since its arrival, some of the top rates have tumbled, with three-year fixed ISAs taking the largest blow, seeing a 0.22% drop in just three weeks. Consumers still waiting to pull the trigger on a deal would be wise to act fast as the current market-leaders may not stick around for long. Savers looking to invest for longer for a guaranteed return will find that they are able to get more competitive returns on a five-year ISA compared to its shorter-term counterparts. Alternatively, fixed bonds continue to pay higher rates, but savers will need to be more cautious with these as they could breach their Personal Savings Allowance (PSA).

“Switching accounts is key for any saver who finds that their loyalty is not being rewarded, and they should be open to considering lesser-known brands. As is the case with any account consumers wish to open, they should take time to review the terms and conditions to ensure that it suits their needs.”

*Data note: Please note that these savings product numbers include deals that are available to UK residents (easy access accounts, notice accounts, fixed rate bonds, variable Cash ISAs and fixed Cash ISAs) and exclude regular savers, children’s savers, variable rate fixed term bonds or ISAs, JISAs and LISAs, based on a £10,000 deposit, gross rates. Higher rates may be available for other levels of deposit.

Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

Notes to editors

Pioneering financial comparison technology for over 35 years.

Moneyfacts Group plc is the UK’s leading provider of retail financial product data. Used by virtually every bank and building society in the UK, and supplied to the Bank of England, Financial Conduct Authority, Financial Ombudsman Service, HM Treasury, Prudential Regulatory Authority and UK Finance.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, business banking, life, pension and investment products in the UK.

Moneyfactscompare.co.uk is the financial product price comparison site, launched as Moneyfacts.co.uk in 2000 and rebranded to Moneyfactscompare.co.uk in 2023, which helps consumers compare thousands of financial products, including credit cards, savings, mortgages and many more. Unlike other comparison sites, Moneyfactscompare.co.uk shows whole of market data regardless of commercial bias, showing consumers a true picture of the best products based on the criteria they select.

We hope you find this press release insightful. We would appreciate a link back to Moneyfactscompare.co.uk if you decide to source this information.

For more information about us please see our key facts.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

Notes to editors

Pioneering financial comparison technology for over 35 years.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, business banking, life, pension and investment products in the UK.

We hope you find this press release insightful. We would appreciate a link back to Moneyfactscompare.co.uk if you decide to source this information.

For more information about us please see our key facts.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

If you're looking for extra comment, a chart or more information, then please give us a call. We are always more than happy to help.

Rachel Springall Press Officer / Finance Expert

01603 476210

Email Rachel

Caitlyn Eastell Press & PR Executive

01603 476169

Email Caitlyn

Top fixed cash ISA rates drop as new tax-year begins

Top fixed cash ISA rates drop as new tax-year begins

Top fixed cash ISA rates drop as new tax-year begins

Top fixed cash ISA rates drop as new tax-year begins

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