Top ISA deal pays 3.5%

Santander’s ISA has been rated top in Moneynet.co.uk’s best buy charts.

The ISA, paying 3.5%, pipped Barclay’s offering to the top spot.

Both Barclays and Santander are paying high rates than the best one-year fixed-rate ISAs.

“The Isa market is really taking shape as we approach the annual hot bed of activity as providers look to lure savers yet to make their move in the current tax year,” said Andrew Haggar, Moneynet.co.uk spokesperson.

He added that neither of the top two deals allow transfers in, so savers who already have an ISA will be disappointed.

Other top rates available include a five-year fixed rate deal from Clydesdale Bank and Yorkshire Bank at 5%.

A similar offering from Leeds Building Society pays a slightly lower rate of 4.6%, but allows penalty free access to up to 25% of the amount saved.

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