Cash ISAs: The Best Currently Available List

Shedman

I reckon I'd lose around £25 in interest over the year vs one of the better ISA rates of 4.3% or so (even allowing for the drip feed effect) going for Zopa offer. No idea how many people will be taking up this offer so hard to guesstimate the odds of winning something… but I reckon I'd rather buy £25's worth of Omaze tickets in one of their monthly draws in the (clearly extremely unlikely) hope of winning a nice £3-4m house 😅.

Edit: ignore my failing calculator skills lol. Should be £3 or so. Thanks @crumpet_man

saverkev

Plum

Plum ISA opened - 4.6% Flexible (includes bonus paid after 12 months) - underlying rate paid monthly - no limits on withdrawals - no interest paid in month of closure - beats my current 4.11% Virgin Flexible

crumpet_man

https://forums.moneysavingexpert.com/discussion/comment/81952261#Comment_81952261

You only need deposit £50 a month, £600 total. At half a percent (or even one whole percent) lower interest rate than your preferred cash ISA account, it will cost you about £3 in lost interest.

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/81952277#Comment_81952277

Also worth noting the bonus for the whole year isn't paid if you transfer out before the end of your term and they only allow full transfers out of funds paid in this tax year.

Shedman

https://forums.moneysavingexpert.com/discussion/comment/81952322#Comment_81952322

Yeah you're right. Doh basic error….ipad calculator memory had been uncleared from a previous calc and had a figure of £22ish already in the register. Should have relied on mental arithmetic instead lol.

Maybe worth a punt then. (still would like to win a £4m Omaze house though).

snowqueen555

https://forums.moneysavingexpert.com/discussion/comment/81952343#Comment_81952343

I am looking to transfer my ISA and LISA. Currently with Tembo and Moneybox so can't take their new deals.

So with Plum is the bonus is only paid after 12 months? I might skip them then. In which case it looks like the best offer is begrudgingly keeping my LISA where it is with Tembo at 3.8%.

I will likely move my cash ISA to Virgin for the 4.15%. is the whole 4.15% paid monthly?

Oasis1

https://forums.moneysavingexpert.com/discussion/comment/81947419#Comment_81947419

Sorry for my slow response, only just logged back into the forum. Sounds like you managed to open an account okay, congrats :)

Lifes_Grand_Plan

Hi folks, looking to save a full £20k in a cash ISA. Was looking at eToro Moneyfarm due to the best rate but don't see it talked about on here. Any reason to avoid it?

Also, better to wait for later in the week to see what other rates come out?

KneadtheDough

https://forums.moneysavingexpert.com/discussion/comment/81952467#Comment_81952467

Etoro by Moneyfarm*, 4.81% CASH ISA

I did look at this and considered it for a while, but this in particular from MSE put me, personally, off:

"While this type of holding 

can 

be covered by FSCS, the FSCS couldn’t confirm this to us 100%. It told us that it depends on a number of factors and that it determines whether FSCS applies on a case-by-case basis. So while the risk of not getting your money back is likely quite low, we’ve erred on the side of caution. Your view may vary."

trickydicky14

https://forums.moneysavingexpert.com/discussion/comment/81952367#Comment_81952367

Yes the bonus is only paid at the end of the 12 months, I also had huge issues moving my money out of Plum it took almost a month to move it and coms were very bad.