Cash ISAs: The Best Currently Available List

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82136079#Comment_82136079

I think that was the point DealSeaker11 was making. Non-ISA savings will be more heavily taxed, so an attractive ISA rate becomes even more attractive in comparison.

DealSeeker11

https://forums.moneysavingexpert.com/discussion/comment/82136079#Comment_82136079

West Brom BS

What I meant was 5.25% tax free is a great alternative to putting money into savings accounts that will be taxed an additional 2% from 2027.

DealSeeker11

https://forums.moneysavingexpert.com/discussion/comment/82136095#Comment_82136095

Precisely that’s what I’m saying

Angelica123

I'm trying to decide whether to go with West Bromwich (calculator suggests it's worth ditching my previous 5 year cash ISA for this) or hold out to see if this is start of more competitive rates.

DealSeeker11

https://forums.moneysavingexpert.com/discussion/comment/82136113#Comment_82136113

West Brom

Maybe explore the possibility of making an application now and taking advantage of the 14-day cooling period to see if a better offer comes out in the next 2 weeks? Although I’m not sure if you’ll need to initiate the transfer at the point of opening the account with West Brom.

slinger2

https://forums.moneysavingexpert.com/discussion/comment/82135954#Comment_82135954

Funnily enough, the last of my 6% fixes, a 3-year fix with RCI, taken out in Aug 2023 (not an ISA) matured recently.

polarization

https://forums.moneysavingexpert.com/discussion/comment/82136134#Comment_82136134

Unlike Nationwide, you don't need to deposit any money when you open the ISA account. I am new to West Brom, when I open their ISA account, I have to upload the ID document and wait for their approval, before I can put any money in the account.

Zaul22

With the situation in Yemen now I think it's definitely a bad time to fix even at 6%. We are heading into 2022 again.

friolento

I might fix for 1 year, and only for a part of my ISA savings but five seems way to long for my liking

2010

The highest rate for a 1yr fixed ISA over the last ten years was 5.85%.

The B of E are more worried about the mortgagor than the saver.