Cash ISAs: The Best Currently Available List

PhoenixFlames · 16 March at 2:31PM

Re H&L. 4.3% is capped.

I transferred my ISA over to H&L and logged in today to check it. I found that only £20k was in the advertised rate account with the remainder having been placed in a far lower rate cash ISA account with the same provider. I rang H&L and was told that within the terms and conditions it states there is a £20k limit in TOTAL. I was very clear that I wanted to transfer the entire thing and at no time during the phone call to do so was I advised the amount would be split into two accounts - and I had only gone through the process to open one. This has resulted in less interest overall than where it was originally and I would not have selected this option.

Apparently I can open another Cash ISA with a better rate than the lower one and ask for them to transfer internally. They could not tell me on the phone which accounts will allow me to transfer all funds in and that I would have to read the terms and conditions for each. When I rang back the second chap was more helpful and located the best other rate available for me.

I just wanted to share my experience in case others were considering the 4.3% H&L so they can avoid duplicating my mistake. I am pleased I checked in time to get another cash ISA open ready to finalise this (now H&L internal) transfer to - and also be available to move other savings to in time to use more of this years allowance. Phew!

Hal17 · 16 March at 5:17PM

Ford Money ISA Transfer to HSBC

Can I ask if anyone has experienced the following please?

My wife and I are both transferring some money from a Ford Money Cash Isa to a HSBC Cash ISA. We both applied on-line with HSBC and were given a sort code and an account number.

My wife is currently not at home and her cash ISA transfer has been completed by Ford Money this afternoon. However, when I check her Ford Money statement it shows the transfer has gone to a different sort code and different account number. I have checked the different sort code and it confirms that it is HSBC.

Of course I cannot check further until she get home as they are her accounts. I am concerned that we have a large sum of money not heading to the HSBC ISA account that she was originally provided.

Shame it was not my transfer as I could have checked this straight away!

Hal17 · 16 March at 5:38PM

https://forums.moneysavingexpert.com/discussion/comment/81925234#Comment_81925234

I have found the answer - it seems that HSBC have a holding account where the funds are sent too. They then do an internal transfer moving the money to the original ISA account they supplied on the ISA application. 😎

NewPieman · 16 March at 6:35PM

Virgin Money eISA has gone to version 691

Fixed rate until 24 March 2027 of:

4.22%

2010 · 16 March at 9:07PM

Coventry ISA fixed until 31/5/27, 4.21%.

Marcoos · 18 March at 3:06PM

Skipton 18 mth Fixed 4.20%

Looks like it's recently launched?

Minimum of £5k

Allows transfers in

Payments and/or transfers in before 15/04/26

https://www.skipton.co.uk/savings/isas/fixed-rate-isas/18-month-fixed-rate-cash-isa

refluxer · 18 March at 6:19PM

Wow - there has been a fair bit of upward movement in fixed ISA rates since I checked last week and the top 1-5 year rates have all increased as a result.

There are too many individual rates to list here but, in addition to the few mentioned recently, providers that have increased some or all of their rates in the last week or so include Tandem, Close Brothers, Zopa, Tesco, Charter, Kent Reliance, Castle Trust, Hodge and Santander (who have also launched their latest eVoucher bonus promotion).

I guess this could be to do with the fact that it is the so-called 'ISA season' as we approach the end of the tax year, along with shorter-term interest rate drops looking a little less certain in light of ongoing world events.