Cash ISAs: The Best Currently Available List

RunsFromRobots

flaneurs_lobster said:

CuparLad said:

If you want higher rates, you have to accept that you must actively manage your money and move it around to get the best rates. If you want to leave your money alone, you must generally accept lower but more stable rates.

Much sense in your response.

After 18 months of swapping my ISA funds around a bunch of FinTechs to get the latest 1% "boost", "bonus", "special" rate, only to be moving it again a month later, I've had enough. 

If the ISA transfer system were a simple matter of clicking "Go" (like a non-ISA account) I might reconsider but the extra work and hassle in the transfer process, plus the dreaded wait for the process to complete successfully (or not) mean I'm out. ISA funds are now mostly with bricks'n'mortar banks.

Interest rates are such that for a basic rate tax payer the returns to be had in other vehicles are now greater than that available in Cash ISAs - I'm currently emptying Cash ISAs to fund RSs paying 6-8%. 

I agree which is why I've fixed two of my three ISAs for a year: Charter and Tembo at 4.3% each, whilst my third is currently with the Marsden who surprisingly haven't reduced theirs from the 4.3% I started with a few months ago.

gwapenut

RunsFromRobots said:

flaneurs_lobster said:

CuparLad said:

If you want higher rates, you have to accept that you must actively manage your money and move it around to get the best rates. If you want to leave your money alone, you must generally accept lower but more stable rates.

Much sense in your response.

After 18 months of swapping my ISA funds around a bunch of FinTechs to get the latest 1% "boost", "bonus", "special" rate, only to be moving it again a month later, I've had enough. 

If the ISA transfer system were a simple matter of clicking "Go" (like a non-ISA account) I might reconsider but the extra work and hassle in the transfer process, plus the dreaded wait for the process to complete successfully (or not) mean I'm out. ISA funds are now mostly with bricks'n'mortar banks.

Interest rates are such that for a basic rate tax payer the returns to be had in other vehicles are now greater than that available in Cash ISAs - I'm currently emptying Cash ISAs to fund RSs paying 6-8%. 

I agree which is why I've fixed two of my three ISAs for a year: Charter and Tembo at 4.3% each, whilst my third is currently with the Marsden who surprisingly haven't reduced theirs from the 4.3% I started with a few months ago.

I had a very high paying ISA with the Marsden for most of last year. They behaved very honourably with the very high initial interest rate, being much slower to cut it than many of my other ISA providers. The only downside is paper transfers instead of electronic, but frequently their rates are keen enough to make it worth the hassle.

Ocelot

All my cash ISAs are always 3 year fixed ones. When I need cash I'll access other accounts.

MatLoweRN

Charter have increased their 1 year fixed ISA from 4.01 to 4.11%  The increase was made yesterday (Thursday.)  Not a huge jump but seems to buck the current downward trend.

CuparLad

MatLoweRN said:

Charter have increased their 1 year fixed ISA from 4.01 to 4.11%  The increase was made yesterday (Thursday.)  Not a huge jump but seems to buck the current downward trend.

With their 2 Yr still at 4.01%, it suggests they have a shorter term funding requirement, but not big enough to go TOTP which is held by Investec at 4.12%.

gesdt50

RunsFromRobots said:

flaneurs_lobster said:

CuparLad said:

If you want higher rates, you have to accept that you must actively manage your money and move it around to get the best rates. If you want to leave your money alone, you must generally accept lower but more stable rates.

Much sense in your response.

After 18 months of swapping my ISA funds around a bunch of FinTechs to get the latest 1% "boost", "bonus", "special" rate, only to be moving it again a month later, I've had enough. 

If the ISA transfer system were a simple matter of clicking "Go" (like a non-ISA account) I might reconsider but the extra work and hassle in the transfer process, plus the dreaded wait for the process to complete successfully (or not) mean I'm out. ISA funds are now mostly with bricks'n'mortar banks.

Interest rates are such that for a basic rate tax payer the returns to be had in other vehicles are now greater than that available in Cash ISAs - I'm currently emptying Cash ISAs to fund RSs paying 6-8%. 

I agree which is why I've fixed two of my three ISAs for a year: Charter and Tembo at 4.3% each, whilst my third is currently with the Marsden who surprisingly haven't reduced theirs from the 4.3% I started with a few months ago.

Tembo, however for the last couple of weeks are again not allowing new customers to fund even though they allowed the account to be opened also backed by Investec which reflects badly on them too

RunsFromRobots

gesdt50 said:

RunsFromRobots said:

flaneurs_lobster said:

CuparLad said:

If you want higher rates, you have to accept that you must actively manage your money and move it around to get the best rates. If you want to leave your money alone, you must generally accept lower but more stable rates.

Much sense in your response.

After 18 months of swapping my ISA funds around a bunch of FinTechs to get the latest 1% "boost", "bonus", "special" rate, only to be moving it again a month later, I've had enough. 

If the ISA transfer system were a simple matter of clicking "Go" (like a non-ISA account) I might reconsider but the extra work and hassle in the transfer process, plus the dreaded wait for the process to complete successfully (or not) mean I'm out. ISA funds are now mostly with bricks'n'mortar banks.

Interest rates are such that for a basic rate tax payer the returns to be had in other vehicles are now greater than that available in Cash ISAs - I'm currently emptying Cash ISAs to fund RSs paying 6-8%. 

I agree which is why I've fixed two of my three ISAs for a year: Charter and Tembo at 4.3% each, whilst my third is currently with the Marsden who surprisingly haven't reduced theirs from the 4.3% I started with a few months ago.

Tembo, however for the last couple of weeks are again not allowing new customers to fund even though they allowed the account to be opened also backed by Investec which reflects badly on them too

I was lucky and managed to get my application in before they paused transfers. 

There is/was a separate thread about this here.

pecunianonolet

Aldermore Single Access Reward ISA Issue 7 (4.15% AER) is NLA 15/01/26 and replaced with issue 8 at 4.0% AER

Historical rates can be found here: https://www.aldermore.co.uk/media/25ahbzw5/personal-savings-accounts-rates.pdf

--> The above is on page 44 

intalex

Vanquis Triple Access ISA (NLA) rate dropping from 4.25% to 4.08% on 3 February...

refluxer

Shawbrook have had poor fixed cash ISA rates for a while now but they've recently upped their 1 year fix to 4.14% and 5 year fix to 4.17%, making them pretty-much the best rates currently available for those durations.

Obviously fixing for 5 years is a pretty big gamble but, as you can add new subscriptions throughout the duration of the fixed term, I'm thinking a 5 year fix at >4% could be a good insurance policy against further base rate drops in the coming years. 

You can hold multiple cash ISAs with Shawbrook but can only pay new subscriptions into one in any one tax year. If you already hold an ISA with them, then I think you have to send a secure message in order to be able to open a second as there is no option to do this while logged in to online banking (an annoying quirk which affects other banks like Cynergy).