Cash ISAs: The Best Currently Available List

refluxer

https://forums.moneysavingexpert.com/discussion/comment/81987369#Comment_81987369

It's not uncommon for there to be a small delay between the funds disappearing from the sending ISA account and them showing as available in the new account (even if funds are transferred electronically), presumably because some human interaction is still required for the account admin with it being an ISA. It's also not uncommon for online banking apps to take some time to update with the correct info - Santander's zero ISA balance displaying temporarily being one example of this.

From memory, I think my ISA funds were shown as credited to the new Santander ISA the day after the sending bank reported the originating ISA was closed.

Nijinsky

https://forums.moneysavingexpert.com/discussion/comment/81987608#Comment_81987608

Thanks, that's reassured me. I will be patient and wait a couple of days. It's over 53k, so forgive me for stressing and overly worrying.

Growingold

https://forums.moneysavingexpert.com/discussion/comment/81987189#Comment_81987189

Shawbrook has a 2 yr fixed rate one for 4.53%. Initial fund within 90 days accepts transfers in and you can specify wait until maturity when initiating the transfer

Rich2808

https://forums.moneysavingexpert.com/discussion/comment/81987843#Comment_81987843

Skipton's 4.55% 18 month fixed ISA also remains available - but you need to pay in funds or request an ISA transfer by next Monday (11th),

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

cricidmuslibale

Hello everyone,

You may wish to know that Nationwide are releasing today (06 May 26) another new set of fixed rate Cash ISAs with more attractive and increasingly higher interest rates!

1 Year 4.50%
2 Years  4.55%
3 Years  4.60%
5 Years  4.60%

This amounts to an increase of 0.15% in the interest rates for the 1 year and 2 year fixed rate ISAs, and an increase of 0.10% in the interest rate for the 3 year and 5 year fixed rate ISAs, compared to the previous set of fixed rate ISAs that Nationwide released on 31 March.

The minimum opening amount in each case is only £1 BUT the entire amount that you intend to deposit has to be deposited in one go as further additions are not permitted! However, Nationwide do allow you to split your ISA allowance between more than one ISA with them so, for example, you could in theory open all 4 of these new ISAs and deposit £5,000 in each one of them. (This example of course assumes that you still have 2026-27’s full £20k ISA allowance available to you.)

Also worth noting is that transfers in from Cash ISAs and/or Stocks & Shares ISAs are allowed for all these new Nationwide ISAs.

Source: www.moneyfactscompare.co.uk

Growingold

https://forums.moneysavingexpert.com/discussion/comment/81987956#Comment_81987956

The main difference though apart from the term length with the Skipton all payments or transfer requests have to be received by 11/05 but with Shawbrook though transfer requests have to be made at time of opening, you can continue to pay in throughout the 2 year term which could be useful .

CuparLad

https://forums.moneysavingexpert.com/discussion/comment/81988331#Comment_81988331

Suggests that NWBS are betting on at least once quarter point rise in base rates. Since their 1 year offer is only a quarter point above "high street" easy access ISA rates, it could rapidly become uncompetitive.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81988374#Comment_81988374

True, but NW (and the other "well-known" shops) don't have to try too hard since many of their customers will only save with the people they bank/save with already.

badger09

https://forums.moneysavingexpert.com/discussion/comment/81988384#Comment_81988384

This applies to me.
Not due to ignorance apathy or laziness, but because I am in the process of simplifying my financial affairs for the benefit of my executors.
A few fractions of % difference in interest rate will make no material difference to the lives of my beneficiaries. But reducing their admin burden will! I have done very well, largely thanks to MSE Forum, by playing the regular saver, rate chasing & switching games over many years but it is time to stop. Now I will open new accounts only with institutions where I already hold accounts. And I’m gradually reducing the number of those.

easysaver

https://forums.moneysavingexpert.com/discussion/comment/81988374#Comment_81988374

I'm sure someone more knowledgeable than myself will correct this but as I understand it NW don't "bet" but hedge their interest liability using swap rates. The 1 and 5 year swap rates are hovering around 4.5% which would imply that offering those rates won't cost NW much, if anything, and will gain market share in the process.

https://uk.investing.com/rates-bonds/gbp-1-year-irs-interest-rate-swap-historical-data

https://uk.investing.com/rates-bonds/gbp-5-years-irs-interest-rate-swap-historical-data