Cash ISAs: The Best Currently Available List

Woodyrocks

masonic wrote: »

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).

Sorry for being thick but does this mean that if a better rate came along in 2years, I would be able to move my ISA with any loss of interest? As long as it was in a new tax year of course and I hadn't already contributed of course...

Dustykitten

Woodyrocks wrote: »

Sorry for being thick but does this mean that if a better rate came along in 2years, I would be able to move my ISA with any loss of interest? As long as it was in a new tax year of course and I hadn't already contributed of course...

As I understand it you can move an ISA whatever the tax year. With regard to your contributions for each year they must be made into just one account. So you could open an account now with your full amount and move it in 4 months say (if the terms of that ISA re notice are met). If you have only put in £1000 though you will not be able to put the rest of your allowance in after you have moved it.

Lokolo

Woodyrocks wrote: »

Sorry for being thick but does this mean that if a better rate came along in 2years, I would be able to move my ISA with any loss of interest? As long as it was in a new tax year of course and I hadn't already contributed of course...

As long as you give 90 days notice you can transfer out yes and without loss of interest. But 90 days is 3 months.

masonic

Dustykitten wrote: »

If you have only put in £1000 though you will not be able to put the rest of your allowance in after you have moved it.

That isn't true. You are able to top up an ISA after you transfer it if it is for the current tax year and you have not subscribed the full £3600.

Coming back to the question, you could transfer this account to another provider at any time, giving 90 days notice, without any interest penalty. You'd be able to do that whether or not you had already paid into another ISA during the tax year in question.

Kazza242

The first post of this thread has been updated.

Another quick update. Chelsea Building Society have launched a range of competitive fixed rate postal ISAs, paying from 3.80% to 3.20% on a variety of terms. Manchester Building Society have re-launched their popular (45 days notice) Premier ISA, paying 3.26%. It is available from 09/07/09.

I have removed the HSBC 1 year fixed rate ISA, as they have withdrawn the 3.10% rate and replaced it with a 2.50% product. The Newcastle Building Society fixed rate options ISA (issue 31), which paid 3.50%, has also been removed following it's withdrawal. The rate offered on the new issue isn't as competitive, so it has not been added to the first post.

First Direct's e-ISA and Egg's ISA 2 have both been added to the first post. As they offer comparible rates to other products on offer. They pay 2.60% and 2.50% respectively. The ING Direct ISA rate has fallen from 3.00% to 2.50%.

I have added further info on the Newcastle Building Society 5 year fixed rate ISA, paying 5.00%. It allows withdrawals or transfers out penalty free provided 90 days notice is given.

Dustykitten

masonic wrote: »

That isn't true. You are able to top up an ISA after you transfer it if it is for the current tax year and you have not subscribed the full £3600.

Coming back to the question, you could transfer this account to another provider at any time, giving 90 days notice, without any interest penalty. You'd be able to do that whether or not you had already paid into another ISA during the tax year in question.

Oh sorry I did not know you could top up after transfer.

Jonbvn

^BUMP^

Took me a while to find this thread - back to the front page we go!

Alan_Cross

Thanks for the re-direction, Jonbvn.

Can anyone point to a list of 'notice ISAs'?

Who's offering what..? I'm thinking of anything up to 90 day notice accounts.

Nomad25

Can anyone point to a list of 'notice ISAs'?

See Kazza's list:

The first post of this thread has been updated. [click on link - the blue print]

Suzkin

Hi,

Does anyone know of any other regular saver ISA paying over 5%? I don't qualify for the First Direct ISA...

thanks.