Cash ISAs: The Best Currently Available List

Growingold

https://forums.moneysavingexpert.com/discussion/comment/81909090#Comment_81909090

Think you can only subscribe to one of their ISAs in a tax year so if you've already added money to another one of theirs this tax year think it's a no go. I may be wrong though.

elephant197

how likely is it that there will be a better rate for a fixed term 1year ISA than Virgins 4.15%? Will we see a bit of competition between banks coming up to the new year like we are seeing with the easy access cash ISAs?

clairec666

https://forums.moneysavingexpert.com/discussion/comment/81909090#Comment_81909090

That's tempting. There are other limited access ISAs offering a similar rate, but from smaller / less well known providers. The only other biggish name in the same ballpark is Yorkshire offering 4.05% for four withdrawals, with the added benefit that it's a flexible ISA whereas Virgin isn't.

Also worth mentioning that with Virgin you can make the first deposit (but not subsequent ones) by debit card, if that's of use to anyone.

clairec666

https://forums.moneysavingexpert.com/discussion/comment/81909997#Comment_81909997

Hard to tell…. but Virgin's 1 year fixed has a minimum opening deposit of £1 and a 30-day funding window, so you could open it now with £1 and add more to it if no better rates have sprung up before the end of the tax year.

simonpies234

https://forums.moneysavingexpert.com/discussion/comment/81909998#Comment_81909998

They seem to offer a pull in rate this time of year, then slash the rates soon after once the money is pulled in.

I remember them doing this a couple of years ago at the same time of year, when I opened an account and I had to transfer out soo after.

Of course they might not do this again.

I did open an account myself though. Not only for the rate.

NewPieman

As I have a Shawbrook Fixed maturing in a week or so's time (and another mid April), having another look round ….see VM are offering a 4.15% fixed until 24/03/2027 so am tempted….. (I did see it's not on Page 1 yet)…..

Looks like Shawbrook rates are low at the moment so won't be staying…..

Already have a relationship with VM so should be straightforward to open up…..need to see if I can transfer the April one aswell at a later date…..

clairec666

https://forums.moneysavingexpert.com/discussion/comment/81910004#Comment_81910004

I didn't know Virgin had a reputation of doing this. I've got a previous limited access ISA with them (a maturity option from a fixed rate ISA) and the rate's remained stable at 4.01%. As you say though, past behaviour may not be indicative of what they do this time.

simonpies234

Just something to be aware of if you are making a decision. As you say they might not do it this time.

Just checked my records. I opened 25/3/24 and transfered out 20/5/24. I seem to remember they cut without a BoE decision also, but might be wrong.

sajag83

hi guys i have one query i am looking to open cash isa account just wondering is it best to open now or wait till next week as i am not sure if the rate is the best rate at the moment and it might go down or wait and it will go up when new tax kicks in on april for example this is the trading 212 rate is have seen at the moment for new customer https://www.trading212.com/isa?cash-isa=&promo-code=MFC

flobbalobbalob

Charter Easy Access Cash ISA 73 4.11% AER NLA

A surprising rate cut by the new issue 74

Charter Easy Access Cash ISA 74 4.02% AER