Cash ISAs: The Best Currently Available List

RunsFromRobots

I've mentioned in a couple of posts in this thread I'm transferring an easy access ISA from Marsden to Saffron and this should complete this week. This ISA is currently worth just over £92k.

I'm thinking of adding another £8k to take it to £100k and transferring to a Santander ISA and collect the £400 evoucher.

As I haven't used my £20k allowance yet, am I allowed to open a new ISA elsewhere with the remaining £12k?

friolento

https://forums.moneysavingexpert.com/discussion/comment/81969867#Comment_81969867

Yes, you can contribute to as many ISAs of the same type (except LISAs) in the same tax year as you like. Individual providers are entitled to not allow more than one with them, but they cannot stop you from having one or more elsewhere as the ISA rules do permit it. https://www.gov.uk/individual-savings-accounts/how-isas-work

sparkiemalarkie

https://forums.moneysavingexpert.com/discussion/comment/81969867#Comment_81969867

If you have a Barclays account already you can get £600 in cash for transferring £100,000 to their Premier ISA @4,4% might be worrth considering too

sx

andyhicks88

I've rarely ever actually sorted my ISA money out in April/May and it's ended up that my main ISA with about 80k in and a couple of other smaller ones don't mature until sep/october when no doubt all the transfer offers and best rates will be gone, so that's unfortunate. I'm correcting that for this years ISA money so that I do have something to transfer next year if there are similar offers and bonuses as this year.

GrubbyGirl_2

https://forums.moneysavingexpert.com/discussion/comment/81967813#Comment_81967813

To the credit of Vanquis they did email account holders to say they had a better rate on offer and suggested opening a new account and transferring across

friolento

https://forums.moneysavingexpert.com/discussion/comment/81970027#Comment_81970027

I have seen lots of transfer offers in the first quarter of this year. If you want to avail yourself of any offers, you could consider easy / limited access ones when your existing ones are maturing next. Be prepared though that more and more of the transfer offers now come with a minimum holding time, some as long as 13 months.

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/81970073#Comment_81970073

I am pleased to hear that, it's a rare thing these days.

friolento

https://forums.moneysavingexpert.com/discussion/comment/81970259#Comment_81970259

I did get that email, so I proceeded to apply for another 4.3% ISA (my existing one was already on 4.3%, not 4.08 as the email said). My application was accepted and they advised I would see the new ISA online the next morning. I got excited because it would have meant I have 6 withrawals in total…… the next morning came, no account was showing. Not the day after, either. Then I got another email apologising that they had sent me the original email in error, and that they regret but I can't have a second ISA 😰. Uh well……

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/81970276#Comment_81970276

😂 Well it was certainly worth a try. That would have been a rather nice wheeze if it had worked.

I actually got an email too, checked my account, just to make sure that the rate was 4.3%, and forgot all about it. Next day I got an email apologising, I was on the correct rate and to ignore the previous mail, which I had anyway.
I never really thought much of it, until GrubbyGirl_2 brought it up. It is refreshing to know that they do let you know if there is a better rate available, unlike many who let you languish at a lower rate when bring out newer better rate issues. It is then up to the customer to keep checking to see if new issues have been brought out.

GrubbyGirl_2

https://forums.moneysavingexpert.com/discussion/comment/81970276#Comment_81970276

I did have the lower rate one so t was perfect for me. I guess you can forgive an error like this is they are at least trying to do best for their customers