Cash ISAs: The Best Currently Available List

Sparky47

Andy_G wrote: »

Barclays was offering me 5% income cash ISA on balances of £25,000+ fixed for 5 years in a recent visit to their branch.

The offer was printed out on an A4 piece of paper in branch so I'm not sure how widespread it was - I haven't seen it offered or advertised? Maybe the offer has finished already? I'm looking for growth not income right now and didn't discuss the small print - but if you are looking for income and have £25,000+ maybe worth asking..........

From the limited discussion I had with them you could commit £25,000 and then do whatever with the rest if your ISA was large enough.

If you mean the 5 year fixed income bond, it is advertised on the Barclays site.
http://www.personal.barclays.co.uk/BRC1/jsp/brccontrol?task=homefreegroup&value=16292&target=_self&site=pfs

harz99

Andy_G wrote: »

Barclays was offering me 5% income cash ISA on balances of £25,000+ fixed for 5 years in a recent visit to their branch.

The offer was printed out on an A4 piece of paper in branch so I'm not sure how widespread it was - I haven't seen it offered or advertised? Maybe the offer has finished already? I'm looking for growth not income right now and didn't discuss the small print - but if you are looking for income and have £25,000+ maybe worth asking..........

From the limited discussion I had with them you could commit £25,000 and then do whatever with the rest if your ISA was large enough.

Thanks Andy; I had looked at that but not only is the income only quarterly at best, but it is an investment bond which can be held in an ISA wrapper not a cash ISA.

So unless I have it wrong the only way I could invest my past years Cash Isa funds would be to withdraw them and re invest my self which would lose the current tax free status of the funds and would not allow the amount over the current year's Stocks and Shares Isa to be tax free..

In any case that is irrelevant because, as in my original post I require monthly income. The Barclays bond closes on 30th June for those interested.

lumines

thor wrote: »

So has your rate gone up from 0.6% to 2.75%? Wow what a leap! You don't see that happen much these days(although sadly the same cannot be said for drops of the same magnitude). It is just a pity it started from such a low base of 0.6%. Oh well I suppose you can't have it all:rolleyes:

Yes it went up, had a letter the other day confirming it as well.

tiptoe_mouse

harz99 wrote: »

Thanks Andy; I had looked at that but not only is the income only quarterly at best, but it is an investment bond which can be held in an ISA wrapper not a cash ISA.

So unless I have it wrong the only way I could invest my past years Cash Isa funds would be to withdraw them and re invest my self which would lose the current tax free status of the funds and would not allow the amount over the current year's Stocks and Shares Isa to be tax free..

In any case that is irrelevant because, as in my original post I require monthly income. The Barclays bond closes on 30th June for those interested.

You can transfer a cash ISA to a stocks and shares ISA - see the inland revenue site:

Subscriptions to a stocks and shares ISA can only be transferred to another stocks and shares ISA. However, subscriptions to a cash ISA can be transferred to another cash ISA, or to a stocks and shares ISA.

HTH

tiptoe

Middle_Sister

My Julian Hodge ISA is due to end. I put in £3.6K and they are offering 3.15%. I think the best at the moment is Halifax fixed for 3 years at 3.75%. Can anyone confirm.

Also I will get the £3.6K back plus interest. Can I transfer the whole amount to a new ISA?

Lokolo

3 years is a long time for a lowish rate.

But yes, interest you can keep inside the ISA.

Kazza242

The first post of this thread has been updated.

This is a quick update this time. Last week I added the Newcastle Building Society 5 year fixed rate ISA, paying 5.00%.

Today, I've added the new Principality Building Society fixed rate ISAs. The most notable is their 3 year fix paying, 4.20%, which also accepts transfers in of previous year's subscriptions. They have also launched a 2 year fix, which also accepts transfers in and pays 3.25%. In addition, they have launched two 'new money' fixed rate ISAs this week, paying 3.50% and 3.20% for a two year and one year term respectively.

Next update at the weekend.

masonic

Jonbvn wrote: »

Newcastle BS have just introduced a FR ISA fixed for 5 years at 5%.

http://www.newcastle.co.uk/savings/5yearfixedrateisa

Withdrawals are allowed subject to 90 days notice.

Kazza,

Do you think it might be worth mentioning the withdrawal terms on this ISA, as there is no interest penalty, unlike most fixed rate ISAs? I nearly missed this one as I assumed there would be a tie in. This is more like a notice account with a rate guarantee (I'm not suggesting it should be moved from where it is, though).

Dustykitten

Can somebody confirm that the 90 day withdrawal on the Newcastle ISA would be the same for a transfer to another ISA, this seems like quite a good deal bearing in mind how long transfers take to happen anyhow.

MarkyMarkD

The notice period is the notice period, whether it's a withdrawal or a transfer out.