Cash ISAs: The Best Currently Available List

MarkyMarkD

It wasn't JH which was likely to be the problem - it was getting Abbey/Santander to push a transfer request through to JH within 14 days.

rb10

It looks like Halifax have just released their new ISA - like last year, it's the ISA Direct Reward, which gives unlimited deposits and four withdrawals in the year, with a minimum balance of £1000.

But ... the interest rate is only 2.6% (and it doesn't look like this account qualifies for the additional 0.2% for current account holders, unless the website just hasn't been updated yet).

Full details here:
http://www.halifax.co.uk/savings/isa-direct-reward.asp

TCA

TCA wrote: »

There was a more definitive answer regarding the transfer form. There isn't one. The page you're directed to has links to transfer forms for 2 other ISAs - the guy said just use the 40 day notice one and change the heading. There's nothing like disorganisation

With regard to my above post, the Clydesdale Bank website now has a specific transfer form for download for its new 5 year 5% fixed rate ISA. And of further comfort, the address to send it to is the same address as for the application itself. It wasn't going to be if an applicant had followed the instructions from the 40 day notice account transfer form as above.

Still not convinced.

Edited to say: And lo and behold, the Moneyfacts website has corrected its entries for Clydesdale Bank and Yorkshire Bank to show that the new 5 year fixed rate offerings have interest compounded annually at 5%, so AERs are 5%, not 4.56% as was showing previously.

Unfortunately, the CB Key Features document, although differentiating between fixed rate ISAs and the instant access and 40 day notice ISAs, only says interest is payable at maturity for FRISAs, so does not differentiate between fixed rate ISAs issues 2 and 3.

Must be like rocket science to them.

storminmike

On the whole question of Cash ISAs, why are Santander marketing a "New Money" ISA now?

It's FY10 and near the end of the year and no doubt a lot of people are maxed out on this years contributions, I know I am.

I'd love to transfer my Natwest E ISA (the better rate one admittedly)to a 3.5% Santander return but can't. I know that to make use of their offer it would have to be NEW money and therefore presumably opened NEXT FY/ Having money tied up I've even considered the unthinkable (to get 3.5 instead of 2.72) and withdraw £5.1k from the Natwest E ISA and invest in Santander....am I mad?

EDIT...probably as my strategy nets £37.35 for the trouble

Kazza242

Here are the latest updates to the first post of this thread:

I've been doing updates daily over the last month as there have been numerous changes to the ISAs market.

Barclays have launched their Golden ISA (issue 2) paying 3.10% AER. This ISA has a minimum opening deposit of £1 and it does not accept transfers in.

Santander (and Alliance & Leicester) launched their Flexible ISAs paying 3.50% respectively. Both have a minimum opening deposit of just £1, but like the Barclays ISA they don't accept transfers in.

Nationwide launched their e-ISA paying 2.75%. It accepts transfers in and the rate includes a 1.00% bonus for 12 months. Birmingham Midshires launched their ISA Extra, paying 2.70%, which accepts transfers in. The rate includes a 1.00% bonus for 15 months.

Progressive Building Society's Cash ISA paying 2.60% and accepting transfers in, has also been added to the list. Also recently launched was the National Counties ISA paying 3.10%. Withdrawals require 45 days notice to be given to avoid penalties.

Also new to the list is Mansfield Building Society's 1 year fixed rate ISA paying 3.00% on balances of £500+. Clydesdale bank and Yorkshire bank have launched 1 year fixed rate ISAs paying 3.00% respectively. In this section, Britannia Building Society's 1 year fixed rate ISA paying 3.00% on balances of £3,600, has also been added.

Santander, Alliance & Leicester and Cheltenham & Gloucester are now offering new ISAs of their 2 year fixed rate ISAs, paying 3.50% respectively. Nationwide have a new 3 year fixed rate ISA paying. 4.40% on balances of £1+

Also added to the list recently are the 4 year fixed rate ISA from Newcastle Building Society paying 4.00% on balances of £500+. As well as two new 5 year fixed rate ISAs from Clydesdale Bank and Yorkshire Bank. Principality Building Society's 5 year fixed rate ISA paying 4.50% has also been included.

Updates to the list will continue daily, but during the evening.

Paul_Herring

storminmike wrote: »

On the whole question of Cash ISAs, why are Santander marketing a "New Money" ISA now?

It's FY10 and near the end of the year and no doubt a lot of people are maxed out on this years contributions, I know I am.

They're after the ones who aren't yet.

storminmike

Paul_Herring wrote: »

They're after the ones who aren't yet.

Can they put money in this year AND Next..and if so how much?

MarkyMarkD

£10,200, if they are 50 before 5 April 2010, surely.

storminmike

MarkyMarkD wrote: »

£10,200, if they are 50 before 5 April 2010, surely.

Is that £10,200 made up of £5,100 this FY and £5,100 next FY?

tiptoe_mouse

Kazza242 wrote: »

Here are the latest updates to the first post of this thread:

I've been doing updates daily over the last month as there have been numerous changes to the ISAs market.

Barclays have launched their Golden ISA (issue 2) paying 3.10% AER. This ISA has a minimum opening deposit of £1 and it does not accept transfers in.

Santander (and Alliance & Leicester) launched their Flexible ISAs paying 3.50% respectively. Both have a minimum opening deposit of just £1, but like the Barclays ISA they don't accept transfers in.

Nationwide launched their e-ISA paying 2.75%. It accepts transfers in and the rate includes a 1.00% bonus for 12 months. Birmingham Midshires launched their ISA Extra, paying 2.70%, which accepts transfers in. The rate includes a 1.00% bonus for 15 months.

Progressive Building Society's Cash ISA paying 2.60% and accepting transfers in, has also been added to the list. Also recently launched was the National Counties ISA paying 3.10%. Withdrawals require 45 days notice to be given to avoid penalties.

Also new to the list is Mansfield Building Society's 1 year fixed rate ISA paying 3.00% on balances of £500+. Clydesdale bank and Yorkshire bank have launched 1 year fixed rate ISAs paying 3.00% respectively. In this section, Britannia Building Society's 1 year fixed rate ISA paying 3.00% on balances of £3,600, has also been added.

Santander, Alliance & Leicester and Cheltenham & Gloucester are now offering new ISAs of their 2 year fixed rate ISAs, paying 3.50% respectively. Nationwide have a new 3 year fixed rate ISA paying. 4.40% on balances of £1+

Also added to the list recently are the 4 year fixed rate ISA from Newcastle Building Society paying 4.00% on balances of £500+. As well as two new 5 year fixed rate ISAs from Clydesdale Bank and Yorkshire Bank. Principality Building Society's 5 year fixed rate ISA paying 4.50% has also been included.

Updates to the list will continue daily, but during the evening.

Thanks Kazza for all the work you put in keeping this list up to date.

I've noticed that you have to have a Nationwide card account to open their ISA - might it be worth mentioning this in the first post?

Thanks,

tiptoe