Cash ISAs: The Best Currently Available List

simonpies234

https://forums.moneysavingexpert.com/discussion/comment/81938843#Comment_81938843

The problem is with the nominated bank not with Hodge. I use Nationwide as my nominated bank and often a new payee fails to verify, but they 'never' block the transaction. Ther other day I set up a new payee from Nationwide to Virgin Money which failed to verify, Virgin Money is part of nationwide now, so this just shows how stupid the CoP system is.

You spent time and effort to travel to a branch, with solution at hand, which they rejected, then offered 'no' solution themselves.

Find a new nominated bank asap.

CuparLad

https://forums.moneysavingexpert.com/discussion/comment/81939247#Comment_81939247

Virgin Money is not yet part of Nationwide. Legal integration does not take place until 2nd April 2026.

After that date, Nationwide and Virgin Money accounts will operate on separate IT platforms and have different sort code families. Until the IT is sorted, Virgin <> Nationwide transfers will not be internal to the same extent that a Nationwide Savings <> Current Account transfer is.

Nor is the CoP system stupid. The CoP system works on the information that it is provided by the participants. If there is a delay in providing account information, or that information is incorrect, verification will fail. That is not the fault of the CoP system, but the participant(s).

Patr100

https://forums.moneysavingexpert.com/discussion/comment/81936335#Comment_81936335

Yes, par for the course on a variable rate I know , maybe unwelcome would be a better word, rates in the lap of the Gods, in return for access.

thezigzag

https://forums.moneysavingexpert.com/discussion/comment/81939247#Comment_81939247

I have had a Virgin Money savings account for a couple of years and I have never been able to verify it with COP using either Santander or Nationwide as the nominated account. It doesn't fail COP but says it is unable to check it. It suggests that it is a problem with Virgin Money and not the nominated account. Transfers go through okay.

simonpies234

https://forums.moneysavingexpert.com/discussion/comment/81939411#Comment_81939411

I was just using that as an example, as Nationwide and Virgin money are now the same bank. Others also have failed to verify for me. But Nationwide never refuse to complete the transaction, just a give a warning, which no doubt covers them for having to repay.

It's a mute point thought, as my main point was the bank never offered a solution, they just said no.

simonpies234

https://forums.moneysavingexpert.com/discussion/comment/81939279#Comment_81939279

My point was the bank refused to help. That's just !!!!!! customer service.

happybagger

Saffron BS ISA

I do wish, when launching new product, providers would give their terms a proof read:

" 5. If you close your account, and have made a subscription to the account during the current tax year, the ISA rules do not allow you to open another cash ISA in the same tax year"

happybagger

Marsden BS have a couple of fixed rate online offerings, just above the highest shown on moneyfactscompare. They're for transfer-ins only, not new subs, with a hefty £25k min. Not for me, but might be of interest.

Approx. 2 years and 5 year fixed.

nottsphil

https://forums.moneysavingexpert.com/discussion/comment/81939845#Comment_81939845

That would be bizarre! Did you glean that from the last line of this?

Please note, we don’t accept transfers from Stocks and Shares ISAs, Innovative Finance ISAs or Lifetime ISAs. We only accept Cash ISA to Cash ISA transfers.

Or maybe

Transfers of used ISA allowances from other providers only

I'm pretty sure that just means you can't transfer in Marsden ISAs.

happybagger

The latter. I suppose the only way to find out would be to go through the opening process (which I'm not going to do)

I know they won't transfer their own accounts as I had a whinge earlier this year about that. A very odd setup. When I looked at a different ISA with them they stated you can only have one ISA with them, so couldn't open a second one if you wanted, even with remaining allowance.

Their terms were also odd in that they stated that you couldn't have an ISA with them if you had already subscribed elsewhere in the same year (so that excluded current year transfers). Though there is no way they would be able to tell.