Cash ISAs: The Best Currently Available List

Blackbriar_040

https://forums.moneysavingexpert.com/discussion/comment/82029214#Comment_82029214

Yeah, they promote the Mortgage service quite a lot, I would constantly get emails reminding me about the service or invites to join a webinar session!

Stompa

Just received:

We're getting in touch today with a service message about some upcoming changes to your Chip Cash ISA.

From today (10 June 2026), we’re giving you 30 days’ notice of the following:

• We’ll be reducing the interest rate on your Chip Cash ISA to 1.02% AER.
• It will no longer track the Bank of England base rate. Please note any applied promotional boost will remain unchanged.
• You will no longer be able to transfer into the Chip Cash ISA from today.

These changes will take effect from 10 July 2026.

frosch411

https://forums.moneysavingexpert.com/discussion/comment/82030486#Comment_82030486

Yup, same... 1.02%?!? Insane..it means I'll be leaving.

Stompa

https://forums.moneysavingexpert.com/discussion/comment/82030505#Comment_82030505

Yes, me too. I was a bit stunned by such a massive drop.

epm-84

Chip has closed the product to new customers, so I think they want the existing customers to move to their Smart Cash ISA (which has some disadvantages in the T&Cs compared to the Cash ISA) or go elsewhere.

epm-84

https://forums.moneysavingexpert.com/discussion/comment/82030509#Comment_82030509

It's not directly notice of an interest rate drop, it's notice they are changing the terms and conditions. A bit like what some mobile companies do when you've been out-of-contract for a few months and they want you to opt into one of their new contracts.

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/82030509#Comment_82030509

Personally, I'm not surprised by a change in Chips T&C's with a drop in interest rate, as loyalty doesn't pay.

I only used Chip once and it was a fiasco trying to move my ISA to another provider. Then like others, once finally moved, I was sent a curt email stating "Please do not open an ISA with us again" - With absolute pleasure and the Chip App got deleted pronto!

pecunianonolet

What are the alternatives to Chip?

Does Monument only require 10k for opening or will they get in touch if you open with 10k and drawn down to a lower level?

I have already left Chip and OH now needs a different setup and I guess many others do too. I am sure there will be a couple of million of outflows, and rightly so.

NoDetail2Small

https://forums.moneysavingexpert.com/discussion/comment/82030698#Comment_82030698

Don't know if this helps, but Monument confirmed that the £10K to open can come from the transfer - and so doesn't have to be new money deposit. In the Summary Box doc, it states the minimum balance is £10K if that is your only Monument product. The T&Cs give a bit more detail: if balance goes below £10K, then they will write and give "no less than 2 months" to add funds, after which they will close the account.

p1ston

How do you search this thread?

Anyone had cash isa with Oaknorth?