Skipton Building Society offers savers ‘market-leading rate’ of 1.6 percent | Personal Finance | Finance

“Those savers who are comparing easy access accounts outside of an ISA wrapper will find Al Rayan Bank paying 1.90 percent as an expected profit rate on its Everyday Saver and Shawbrook Bank paying 1.86 percent gross interest on its Easy Access account.”

Moneyfacts noted that ISA rates are currently seeing “notable increases” on interest rates with the average one-year ISA seeing the biggest month-on-month rate rise in its records.

The reason for the increases comes as the Bank of England (BoE) raises its base rate in an attempt to curb inflation.

After six consecutive rises, the current base rate is 1.75 percent.

Commenting on the rise for ISAs, Ms Springall added: “The rise may be because providers have been making substantial rate rises to fixed bonds this year, so providers who also offer an ISA may now be increasing rates in this area to entice consumers where competition is rife in the fixed bond market.”