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Easy Access Cash ISA with variable rate and fixed bonus rate
If I open an Easy Access cash ISA that has a variable rate and a fixed bonus rate for a year am I right in assuming that the variable rate can still change over the course of the year and the fixed bonus rate is static. There are a few of these on Money Savings Expert so wondered if a fixed rate at a lower rate is the…
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Opening New ISA - transfer question
I am thinking of opening the Oaknorth 1 year fix currently offering 4.77%. It allows transfers in but does not state at application only. Does this mean I can open a new ISA then when my existing one with different provider matures in July I can port this over and the entire sum will earn 4.77 until the anniversary of…
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Advice on Fixed Rate One Year Cash ISA
One of my current fixed term cash ISAs is due to mature soon I can leave it in for an extra year at approx 0.5% less than best of the rest Or go for one of the best of the rest Currently looking at Shawbrook and Zopa Are there any issues with these I'd like to pay in £20k and transfer my maturing ISA Any others I should…
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Isa fixed rate period questions
Hypothetical question (if you had the money) - If you opened a 1 year fixed rate isa in say July for the maximum amount what are your options when the new tax year starts in April the following year? Obviously you don't want to touch the money whilst it's in it's fixed rate period. Is the best thing to wait until it…
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Paying into ISA yearly maximum
Simple question regarding paying into a Cash ISA. Does the £20,000 yearly limit include the interest you receive. e.g £2,000 interest received therefore I can only paying £18,000 this tax year?
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Help with cash ISA!
I am really confused about the tax free allowance and was hoping for some advice. I currently have around £19,000 in a cash ISA and £1000 in another cash ISA (Both from previous years) so if I consolidate into a new ISA this tax year does this mean I will be taxed as the interest I will get, will take me over the £20,000…
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lSA Rates fixed 12 month
The best keep disappearing within a day - is that normal? There was one @5% then 4.8 now it's 4.76?
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ISAs
Hi there, I had a few questions regarding ISAs: 1. Suppose I open a Cash ISA (1) next week and put in £10,000 in it. If I have a Fixed Rate ISA that matures in June 2024 worth £21000, can I transfer that into my this Cash ISA (provided it allows transfers-in after opening it)? If so, can I still put in £10,000 into my Cash…
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Is isa interest paid monthly into isa account compounded?
Hi there. My new smart cash isa with Zopa pays monthly interest into this isa account. I cannot find out anywhere if the interest earned and paid in each month is then compounded with the principal. Or is it only the principal amount which accrues interest? I do understand that any interest paid does not form part of my…
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Fixed 1yr ISAs where you can pay in throughout term
Are there any current fixed rate 1 year ISAs where I can pay in throughout the year term, including transfer in a cash ISA that matures in September 2024?
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ISA Query
Hi. I currently have £20,645.67 in my Virgin cash ISA. It is saying in a window on my account page that I have £20,000 of my allowance to use by 5th April? I thought 20K was the max and that the £645.67 over this would be taxable at my personal tax allowance rate if my total savings were over £1000? Anything else I need to…
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ISA Additional Permitted Subscription Error
Ive inherited my dead spouses ISA allowance, known as an Additional Permitted Subscription. I requested it be transferred to my own ISA. But the value of my partners ISA dropped by £500 when the transfer was done so I had to make up the difference. I called to do so and they said I can also use my APS allowance for any…
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A few basic ISA questions
Hi, sorry for the "noob" questions, but: - Can I still pay into last year's cash ISA - or only the one I open this tax year? - Can I open a stocks and shares ISA and a cash one this tax year? Thanks :)
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Top Junior ISAs guide: discussion
This is the discussion area for the Top Junior ISAs Please click reply to discuss
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West Brom BS 60 Day notice ISA
I have an existing ISA with Yorkshire BS so looking to transfer that, the West Brom BS has a 60 day notice ISA at 5.10% which I've not seen on Money Saving Expert or Money Facts Compare and I'm wondering if I'm missing something about why it's not there.…
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ISAs maturing on different dates
I invested with UBL in April last year and then transferred in an existing ISA when it matured in May last year. I've had notification from UBL that the first lot of money is maturing and I've arranged a transfer to Moneybox. When the second lot matures next month can I transfer that to Moneybox too or do I have to…
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Potential threat to annual £20k ISA limit?
https://www.resolutionfoundation.org/publications/ineffective-savings-accounts/ The Resolution Foundation published the above paper yesterday, criticising ISAs as failing in their objective to encourage saving by lower and middle earners, over the past 25 years. Proposed measures include lowering the current £20k annual…
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Shawbrook 'new' Ts and Cs
Apologies if I've missed something - I've been away for a while - but Shawbrook have been mentioned on here several times as a provider who's ISAs you could contribute to throughout their term. I definitely had this confirmed by them by phone when I took out their two year fixed ISA last year. Having opened their one year…
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Zopa ISA 0.50% Bonus
I have the Zopa Smart Saver cash ISA with an interest rate of 4.58% plus a 0.50% bonus until 6 April 2025. Or at least this is what Zopa were saying when I opened my account on 11 Feb 2024. The Zopa website is now saying the following: Earn a bonus rate on Access ISA pots! Open a Smart ISA before 6th May 2024 to earn an…
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Shawbrook cash isa question
Hello in financial year 2023 I had 15k in a variable rate cash isa (Shawbrook) I have opened Shawbrook 1 year fix cash ISA this year and have requested a transfer of the 15k into this cash isa Can I add another 20 k into the 1 year fix cash ? as new money for this year ? Many thanks
