Cash ISAs: The Best Currently Available List

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%.