Cash ISAs: The Best Currently Available List

AnAlternativeView

MarkyMarkD wrote: »

This is not exactly true.

Some providers will allow you to split the allowance across two accounts with them. IMHO this is liberal interpretation of the HMRC rules, but I can see why they think it's allowed too. The "only one of each type" rules are only there to stop people over-funding, so it's actually LESS likely that people will over-fund if they have two accounts with the same provider rather than one - and then "accidentally" open a second one elsewhere.

Or.........how about open the variable ISA at one institution, and then part transfer to a fixed one elsewhere if/as needed?

Baldur

AnAlternativeView wrote: »

Or.........how about open the variable ISA at one institution, and then part transfer to a fixed one elsewhere if/as needed?

You can't make partial transfers of current tax year's Cash ISA funds - only those from previous tax years.

Emmacw

Just wanted to say a big thank you for keeping this thread updated. Have finally gotten around to moving my ISA from Yorkshire B/S, only because you provided all the information, in one place, in an easy to read format broken down so I could easily find what suited me.

Thanks to you and others for keeping this post going.

cheers:T

Emma

apt

It would need a separate category but Skipton's 3.21% fix till 31 May 2011 is reasonably competitive.

A fixed rate of 3.20% tax-free pa/3.21% AER until 31 May 2011 (annual interest option). A monthly interest option is also available paying a rate of 3.10% tax-free pa/3.14% AER.
A minimum opening and operating balance of just £50 by cheque or £15,000 by transfer from another Skipton Cash ISA or an external transfer from another bank or building society (please note you cannot carry out a partial transfer from a Skipton Cash ISA, the full balance must be transferred). Annual subscriptions must always be transferred in full for the current tax year.
Transfers in from other cash ISAs are allowed (subject to a minimum of £15,000).

lingwood

Lokolo wrote: »

You can only put £3,600 into an ISA each tax year, unless you are old (over 50).

April 2010 the £3,600 increases to £5,100 for anyone over 16, not just the over 50's which started in october 2009.

MarkyMarkD

Why would anyone fix for 18 months at 3.20% when you can fix for 12 months at 3.20%? That would only make sense if you believe rates will be lower in a year than now - I think not!

Kazza242

The first post of this thread has been updated.

Teachers Building Society's Cash ISA Plus, paying 3.00% (on balances over £25,000) has been added to the list. (It is important to note, that this ISA is really only suitable for savers who won't need to make any withdrawals during the first 12 months. Withdrawals in the first 12 months' are subject to a charge equivalent to 90 days gross interest calculated on the sum withdrawn). They have also launched a new ISA called Cash ISA Bonus, which pays 3.00% until 05/04/2010. It doesn't accept transfers in.

Yorkshire Building Society are launching a new three year fixed rate ISA on 09/11/09, paying 3.75% on balances of £100+. Bradford & Bingley (part of the Santander Group) have launched a new issue of their two year fixed rate ISA, paying 3.75%.

Halifax have reduced the rates paid on their fixed rate ISAs. The three year fixed rate ISA rate now pays 3.75% (down from 4.00%) and two year term now pays 3.50% (down from 3.75%). Norwich & Peterborough have also reduced their fixed rate ISA rate, from 4.55% to 4.30%.

procleon

Such useful information and so clearly set out. Thank you very much. Procleon

Kazza242

The first post of this thread has been updated.

The most notable new ISA offerings this week come from Northern Rock, who have launched two new fixed rate ISAs, which increase in rate each year. Their three year Stepped Fixed Rate Cash ISA pays 3.75% in year one, 4.00% in year two and 4.50% in year three. While their five year Stepped Fixed Rate ISA pays 3.75% in year one, 4.00% in year two, 4.50% in year three, 4.75% in year four and 5.00% in year five.

Earlier this month I added Manchester Building Society's new 5 year fixed rate ISA to the list. It pays 4.51%.

Jonbvn

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