The interest rate is the average of the five highest branch based cash ISA Competitor Rates, as taken and verified by Defaqto on the second Monday of each month. This interest rate will be effective from the first day of the month following its calculation.

The providers of the Competitor Rates are: Barclays, Halifax, HSBC, Lloyds Bank, The Co-operative Bank including Britannia, NatWest, Royal Bank of Scotland and Santander. The search includes branch based instant access, limited access and notice ISAs from the eight competitors on the AER* of a £1,000 balance. To ensure a like for like comparison, certain accounts are excluded, such as fixed rates, regular savings, new money only and age-specific ISAs.

For full details please see the Champion ISA terms and conditions.

*AER stands for Annual Equivalent Rate which illustrates what the interest rate would be if interest was paid and compounded once each year.

Tax free is the contractual rate of interest payable where interest is exempt from income tax. The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change.

December 2016 Rate

The top five competitor rates for Champion ISA shown on Defaqto.com on 14 November 2016 are reported below
Provider Account name Interest rate including bonus (AER)
Interest
rate
calculation
Barclays Instant Cash ISA Issue 1 0.80%
The Co-operative Bank
Cash ISA
0.50%
Santander
Easy ISA
0.10%
Royal Bank of Scotland
Instant Access ISA
0.05%
NatWest Cash ISA 0.01%
Champion ISA interest rate effective from 1 December 2016: 0.45% AER tax free variable
The interest rate for Champion ISA effective from 1 December 2016 should have been the average of the five rates listed above (0.29% AER Tax-Free), however until 31 December 2016 we have chosen to pay an interest rate of 0.45% AER Tax-Free variable for Champion ISA on balances of £1+.

November 2016 Rate

The top five competitor rates for Champion ISA shown on Defaqto.com on 10 October 2016 are reported below
Provider Account name Interest rate including bonus (AER)
Interest
rate
calculation
Barclays Instant Cash ISA Issue 1 0.80%
Royal Bank of Scotland Instant Access ISA 0.50%
The Co-operative Bank Cash ISA 0.50%
NatWest Cash ISA 0.25%
Santander Easy ISA 0.10%
Champion ISA interest rate effective from 1 November 2016: 0.50% AER tax free variable
The interest rate for Champion ISA effective from 1 November 2016 should have been the average of the five rates listed above (0.43% AER Tax-Free), however until 30 November 2016 we have chosen to pay an interest rate of 0.50% AER Tax-Free variable for Champion ISA on balances of £1+.

October 2016 Rate

The top five competitor rates for Champion ISA shown on Defaqto.com on 12 September 2016 are reported below
Provider Account name Interest rate including bonus (AER)
Interest
rate
calculation
Barclays Instant Cash ISA Issue 1 0.80%
Royal Bank of Scotland Instant Access ISA 0.50%
The Co-operative Bank Cash ISA 0.50%
Natwest Cash ISA 0.25%
Santander Easy ISA 0.10%
Champion ISA interest rate effective from 1 October 2016: 0.50% AER tax free variable
The interest rate for Champion ISA effective from 1 October 2016 should have been the average of the five rates listed above (0.43% AER Tax-Free)**, however until 31 October 2016 we have chosen to pay an interest rate of 0.50% AER Tax-Free variable for Champion ISA on balances of £1+.

** Both Lloyds Bank and Halifax have withdrawn all products that were available for comparison under Champion ISA terms and conditions.

September 2016 Rate

Interest rates sourced and verified by Defaqto.com on Monday 8 August 2016
Provider Account name Interest rate including bonus (AER)
Interest
rate
calculation
Barclays Instant Cash ISA Issue 1 0.80%
Royal Bank of Scotland Instant Access ISA 0.50%
The Co-operative Bank Cash ISA 0.50%
Natwest Cash ISA 0.25%
Santander Easy ISA 0.10%
Champion ISA interest rate effective from 1 September 2016: 0.55% AER tax free variable
The rate for Champion ISA effective from 1 September 2016 should have been the average of the five rates listed above (0.43% AER Tax-Free)**, however until 30 September 2016 we have chosen to pay an interest rate of 0.55% AER Tax-Free variable for Champion ISA on balances of £1+.

**Both Lloyds Bank and Halifax have withdrawn all products that were available for comparison under Champion ISA terms and conditions.

August 2016 Rate

The top five competitor rates for Champion ISA shown on Defaqto.com on 11 July 2016 are reported below
Provider Account name Interest rate including bonus (AER)
Interest
rate
calculation
Barclays Instant Cash ISA Issue 1 0.80%
Royal Bank of Scotland Instant Access ISA 0.50%
The Co-operative Bank Cash ISA 0.50%
Natwest Cash ISA 0.25%
Santander Easy ISA 0.10%
Champion ISA interest rate effective from 1 August 2016: 0.60% AER tax free variable
The rate for Champion ISA effective from 1 August 2016 should have been the average of the five rates listed above (0.43% AER Tax-Free), however until 31 August 2016 we have chosen to pay an interest rate of 0.60% AER Tax-Free variable for Champion ISA on balances of £1+.

July 2016 Rate

The top five competitor rates for Champion ISA shown on Defaqto.com on 13 June 2016 are reported below
Provider Account name Interest rate including bonus (AER)
Interest
rate
calculation
Barclays Instant Cash ISA Issue 1 0.80%
Royal Bank of Scotland Instant Access ISA 0.50%
The Co-operative Bank Cash ISA 0.50%
Natwest Cash ISA 0.25%
Santander Easy ISA 0.10%
Champion ISA interest rate effective from 1 July 2016: 0.60% AER tax free variable
The rate for Champion ISA effective from 1 July 2016 should have been the average of the five rates listed above (0.43% AER Tax-Free), however until 31 July 2016 we have chosen to pay an interest rate of 0.60% AER Tax-Free variable for Champion ISA on balances of £1+.

June 2016 Rate

The top five competitor rates for Champion ISA shown on Defaqto.com on 9 May 2016 are reported below
Provider Account name Interest rate including bonus (AER)
Interest
rate
calculation
Barclays Instant Cash ISA Issue 1 0.80%
Royal Bank of Scotland Instant Access ISA 0.50%
The Co-operative Bank Cash ISA 0.50%
Natwest Cash ISA 0.25%
Santander Easy ISA 0.10%
Champion ISA interest rate effective from 1 June 2016: 0.60% AER tax free variable
The rate for Champion ISA effective from 1 June 2016 should have been the average of the five rates listed above (0.43% AER Tax-Free), however until 30 June 2016 we have chosen to pay an interest rate of 0.60% AER Tax-Free variable for Champion ISA on balances of £1+.

May 2016 Rate

The top five competitor rates for Champion ISA shown on Defaqto.com on 11 April 2016 are reported below
Provider Account name Interest rate including bonus (AER)
Interest
rate
calculation
Barclays Instant Cash ISA Issue 1 0.80%
Royal Bank of Scotland Instant Access ISA 0.50%
The Co-operative Bank Cash ISA 0.50%
Natwest Cash ISA 0.25%
Santander Easy ISA 0.10%
Champion ISA interest rate effective from 1 May 2016: 0.60% AER tax free variable
The rate for Champion ISA effective from 1 May 2016 should have been the average of the five rates listed above (0.43% AER Tax-Free), however until 31 May 2016 we have chosen to pay an interest rate of 0.60% AER Tax-Free variable for Champion ISA on balances of £1+.

April 2016 Rate

Interest rates sourced and verified by Defaqto.com on Monday 14th March 2016 are reported below
Provider Account name Interest rate including bonus (AER)
Interest
rate
calculation
Barclays Instant Cash ISA Issue 1 0.80%
Royal Bank of Scotland Instant Access ISA 0.50%
The Co-operative Bank Cash ISA 0.50%
Natwest Cash ISA 0.25%
Santander Easy ISA 0.10%
Champion ISA interest rate effective from 1 April 2016: 0.60% AER tax free variable
The interest rate for Champion ISA effective from 1 April 2016 should have been the average of the five rates listed above (0.43% AER Tax-Free)**, however until 30 April 2016 we have chosen to pay an interest rate of 0.60% AER Tax-Free variable for Champion ISA on balances of £1+.

**Both Lloyds Bank and Halifax have withdrawn all products that were available for comparison under Champion ISA terms and conditions.

March 2016 Rate

Interest rates sourced and verified by Defaqto.com on Monday 8th February 2016
Provider Account name Interest rate including bonus (AER)
Interest
rate
calculation
Barclays Instant Cash ISA Issue 1 0.80%
Royal Bank of Scotland Instant Access ISA 0.50%
The Co-operative Bank Cash ISA 0.50%
Natwest Cash ISA 0.25%
Santander Easy ISA 0.10%
Champion ISA interest rate effective from 1 March 2016: 0.60% AER tax free variable
The interest rate for Champion ISA effective from 1 March 2016 should have been the average of the five rates listed above (0.43% AER Tax-Free)**, however until 31 March 2016 we have chosen to pay an interest rate of 0.60% AER Tax-Free variable for Champion ISA on balances of £1+.

**Both Lloyds Bank and Halifax have withdrawn all products that were available for comparison under Champion ISA terms and conditions.

February 2016 Rate

Interest rates sourced and verified by Defaqto.com on Monday 11 January 2016
Provider Account name Interest rate including bonus (AER)
Interest
rate
calculation
Barclays Instant Cash ISA Issue 1 0.80%
Royal Bank of Scotland Instant Access ISA 0.50%
The Co-operative Bank Cash ISA 0.50%
Natwest Cash ISA 0.25%
Santander Easy ISA 0.10%
Champion ISA interest rate effective from 1 February 2016: 0.60% AER tax free variable
The interest rate for Champion ISA effective from 1 February 2016 should have been the average of the five rates listed above (0.43% AER Tax-Free)**, however until 29 February 2016 we have chosen to pay an interest rate of 0.60% AER Tax-free variable for Champion ISA on balances of £1+.

**Both Lloyds Bank and Halifax have withdrawn all products that were available for comparison under Champion ISA terms and conditions.

January 2016 Rate

Interest rates sourced and verified by Defaqto.com on Monday 14 December 2015
Provider Account name Interest rate including bonus (AER)
Interest
rate
calculation
Barclays Instant Cash ISA Issue 1 0.80%
Royal Bank of Scotland Instant Access ISA 0.50%
The Co-operative Bank Cash ISA 0.50%
Natwest Cash ISA 0.25%
Santander Easy ISA 0.10%
Champion ISA interest rate effective from 1 January 2016: 0.60% AER tax free variable
The interest rate for Champion ISA effective from 1 January 2016 should have been the average of the five rates listed above (0.43% AER Tax-Free)**, however until 31 January 2016 we have chosen to pay an interest rate of 0.60% AER Tax-free variable for Champion ISA on balances of £1+.

**Both Lloyds Bank and Halifax have withdrawn all products that were available for comparison under Champion ISA terms and conditions.