Top cash ISA rates down 10% on last year

Nicola Brittain
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The highest rate offered on fixed-term five-year cash ISAs is down 10% on last year, from 5% to 4.5%, according to a comparison report released today.

This compares with a substantially-lower top rate of 3.25% in March 2009. However, the report, released by independent financial research company Defaqto, shows that the highest instant /easy access ISA rate has increased slightly on last year from 3.15% to 3.3%. This compares with a March 2009 rate on easy access ISAs of 3.61%. Rates on instant access ISAs have demonstrated considerably less range than those of longer fixed-term ISAs. At 3.61%, Barclays' Golden ISA was the highest instant/easy access product rate over the last four years, while Santander's Direct ISA Issue 9 at 3....

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