Cash ISAs: The Best Currently Available List

MarkyMarkD

Yes, but a variable rate is more likely to increase given the likely movement in rates. Perhaps avoiding the sort of institution that offers 27 issues of the same product, exactly so it can diminish rates over time (A&L, or Barclays, anyone?) would be helpful.

Milarky

Chelsea BS are at it cutting variable rates. Anyone with this account now faces a rate reduction of 0.4% - to 2.6% (for balances over £15k) and 0.25% - to 2.35% (under £15k) with effect from 22 March 2010. Oh well, at least they are giving notice equivalent to the 30 day notice period itself - that is something.

I've put it in this thread even though it no longer appears since the issue closed a little while ago. Anyone who applied for this account in December now urgently needs to review and consider another move.

Baldur

The cynical side of me wonders about the recent Cash ISA rate cuts and how much they have to do with providers offering 'enhanced' rates to new savers on the run up to the new tax year.

wakeupalarm

Milarky wrote: »

Chelsea BS are at it cutting variable rates. Anyone with this account now faces a rate reduction of 0.4% - to 2.6% (for balances over £15k) and 0.25% - to 2.35% (under £15k) with effect from 22 March 2010. Oh well, at least they are giving notice equivalent to the 30 day notice period itself - that is something..

And for Chelsea over 50's ISA it drops 0.5%.
2.75% balances over £10K
2.25% under £10K

10_66

wakeupalarm wrote: »

And for Chelsea over 50's ISA it drops 0.5%.
2.75% balances over £10K
2.25% under £10K

Balance limits for Over 50's ISA (2nd issue) will be:

2.75% over £25,000
2.25% £5,100 to £24,999

gwapenut

Yorkshire BS and CHealsea 3rd gen postal 30 show where rates are heading. I've got a 1st gen postal 30, top tier is still > 3% but don't trust it to remain so for long.

Am a bit shocked that they've cut the 2nd gen two months after it was launched ... guess now they're being rescued by Yorkshire they don't need to attract so much money.

But even Natwest, Barclays etc didn't cut rates so soon after attracting new money, therefore I think they're not an institution to be trusted and reluctantly wil transfer out.

emeraldbugle

Where is the catch with this Flexible ISA from Abbey? It doesn't accept transfers in, the rate is for 12 months. Is there anything else I'm missing? Any penalties for withdrawing money?

http://www.santander.co.uk/csgs/Satellite?appID=abbey.internet.Abbeycom&c=Page&canal=CABBEYCOM&cid=1237855061169&empr=Abbeycom&leng=en_GB&pagename=Abbeycom%2FPage%2FWC_ACOM_TemplateW2

Edited to say, A&L's website says no penalties for withdrawing money.

http://www.alliance-leicester.co.uk/savings/flexible-isa.aspx

KTF

I cant see (unless I missed it) a mention of the Bank of Cyprus 1 year fixed rate ISA. 3.33% and allows transfers in:

http://www.bankofcyprus.co.uk/main/main.aspx?id=18301

uiui

3.4% easy access,accepts transfers-in,seems pretty good.
plan to do that-then on new tax year put £4200 in and then £100p/m for 9mths to comply.
think i've got that right.

triplea35

UIUI, I was just looking at this, hidden away at the bottom of Kazza's list.
It does seem good with transfers in and easy access, the only catch being that the current years allowance has to be paid in by a minimum of 10 monthly payments of between £100 -£500.
You would not be able to comply with this until the new tax year when 12 x £425 would take you to the maximum of £5100. To make the most of the rate for the current years allowance you could make 10 x £500 and then one of £100.
The transfer in money is earning 3.40% though which is excellent for a variable rate instant access account. If for any reason you could not afford to make your monthly payments you could just withdraw the sum from your transfer monies and pay it back in to comply with the conditions.