Cash ISAs: The Best Currently Available List

rallycurve

https://forums.moneysavingexpert.com/discussion/comment/81992961#Comment_81992961

Kent Reliance

I don't think it's tiered. You get 4.27% if you hold more than £1000 which is essentially the minimum balance for this account. That will change to £1 after the migration to the new system

happybagger

https://forums.moneysavingexpert.com/discussion/comment/81992967#Comment_81992967

You may want to edit, that's Marsden not Chorley.

Note they refuse internal transfers thereby preventing you moving from an earlier issue of this account paying a lower rate.

There is a way around it where you can create extra work for everyone by transferring out to a different provider then back to Marsden. Personally this type of "rules for rules sake" practice irritates me so I'm transferring out for good.

dlevene

https://forums.moneysavingexpert.com/discussion/comment/81993082#Comment_81993082

Oops! The dangers of late night moneysaving

dlevene

https://forums.moneysavingexpert.com/discussion/comment/81993025#Comment_81993025

I did wonder, but it's not clear. Will contact them

SnowMan

https://forums.moneysavingexpert.com/discussion/comment/81993025#Comment_81993025

You are right it's not tiered. If you've got at least £1,000 in your account then you earn 4.27%pa AER on every penny including the first £1,000. That's why in their £1,000 deposit example the projected balance after 1 year is £1,042.70 as 1,000 x (1 + 4.27/100) = 1,042.70

dlevene

After a very long wait on the phone, Kent Reliance have confirmed the 4.27% applies to the full balance.

Went to do the online application, and Chip aren't listed in the providers. Message says that for providers who don't use the electronic system, that I need to submit a postal application.

Pretty sure Chip has the electronic transfer system. Any thoughts?

Not the smoothest process I've gone through.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81994190#Comment_81994190

Are Clearbank listed? Full name of the Chip ISA provider is

Chip Financial Ltd (provided by ClearBank Ltd)

BigBear68

The Santander fixed rate 1 year ISA rate needs to be changed, it is now 4.25%

dlevene

https://forums.moneysavingexpert.com/discussion/comment/81994199#Comment_81994199

Nope, but good to know!

They're insisting on a paper form - I asked for a stamped return envelope but now they're being awkward about return times!

refluxer

https://forums.moneysavingexpert.com/discussion/comment/81994574#Comment_81994574

There are quite a few ISA providers (eg. Tandem and Cynergy) who limit transfers-in from companies who they say use the electronic ISA transfer service but then don't include the likes of Trading212, Plum and others who do appear to do electronic transfers.

Oddly though, Chip (who you might expect to be similarly excluded) do appear to be on Cynergy and Tandem's lists so it's odd that Kent Reliance don't accept electronic transfers from them, as you would imagine these lists should be similar in theory (if not identical) but examples like yours show this isn't the case and can lead to inconsistencies in terms of the method used when attempting to transfer-in from providers like Trading212 or Chip.