Daily Mirror

Cashpoint

- WITH TRICIA PHILLIPS

Charter Savings Bank has given savers a tiny boost with increased rates on Cash ISAs. It now pays 1.46% on its one-year ISA, up from 1.36%, and 1.67% over two years, previously 1.56% – the best rates on the market.

It’s still not great but will appeal to people with bigger savings who have exceeded their Personal Savings Allowance. Basic rate taxpayers can earn £1,000 interest a year without being taxed, higher rate ones £500.

Standard savings accounts still pay better rates. You can get a one-year bond from Atom Bank at 1.9% or 2.10% for two years. Or you could try Tesco Bank’s instant access which pays 1.26% or Ford Money’s 1.22%.

Andrew Hagger of Moneycomms. co.uk said: “It’s a step in the right direction and with talk of a further rate rise before summer, there could be more good news for hard-pressed savers on the horizon.”

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