Cash ISAs: The Best Currently Available List

WaxiesDargle

I have £5100 in a First Direct flexible cash ISA and would like to transfer that in to another better return ISA (as my deal runs out soon) and also put in another £5100 in April

this has probably been asked a million times (at least)...but can anyone suggest a flexible one that transfers in...thanks

koopa_coffee

Your best bet is probably the Nationwide E-ISA paying 2.75% though you need a Nationwide Card Account...

digivate

KTF wrote: »

Fresh off emoneyfacts from Nottingham BS:
Shame its branch based only but its a good rate for a 3 year fixed if you dont need to access the money.

180 days loss of interest when you transfer out isn't such as good deal.

edda

Kazza242 wrote: »

This is what it says on emoneyfacts here. Please note that the new Coventry Building Society ISAs weren't yet on the Coventry website when I added them to the list yesterday.

Thanks Kazza.

This wasn't meant as any criticism of you - I think this thread is one of the most valuable on MSE. :beer:
Keep up the good work. :T

10_66

cyclonebri1 wrote: »

Don't want a war but after 30 years dealing with Abbey/Satander, I have not had a single issue. Maybe it's because I pay up on time??????????????

You might get one though . I never owed Abbey a penny, but it didn't stop them losing my ISA transfer cheque a couple of years' ago. Took a couple of months to sort out.

digivate

Any reason why the Newcastle Building Society Reward ISA hasn't been mentioned yet?

http://www.newcastle.co.uk/savings/rewardisa

3% interest including a 1% bonus for the first 12 months and allows transfers in. The only downside I can see is that "Withdrawals are subject to 120 days notice or loss of interest".

I can live with a 4 month notice period. Even after the bonus period 2% still isn't a bad rate while I wait to transfer elsewhere.

ultrawomble

digivate wrote: »

Any reason why the Newcastle Building Society Reward ISA hasn't been mentioned yet?


3% interest including a 1% bonus for the first 12 months and allows transfers in. The only downside I can see is that "Withdrawals are subject to 120 days notice or loss of interest".

I can live with a 4 month notice period. Even after the bonus period 2% still isn't a bad rate while I wait to transfer elsewhere.

The way I look at it is to maximise the interest rate and minimise the break penalty - at the moment the market leader is the Clydesdale/Yorkshire Bank 5 years @ 5% issue with a 180 day loss of interest penalty.

For example, with the above account, breaking at 18 months and paying the 180 day (6 month) penalty would still return an AER of about 3.4% (just about the equivalent of a full year at 5%). On £1000, that would mean a return of £1052.

On the other hand, the Newcastle BS account would yield £1040 for £1000 saved after 18 months even if you gave the 120 day notice period.

Froggitt

Great point womble

The_Governor

If I open up a new ISA in 2010/11 (i.e. next month) and the new ISA doesn't allow transfers in, does the money in the old ISA that I no longer contribute to then become liable for tax?

rb10

The_Governor wrote: »

If I open up a new ISA in 2010/11 (i.e. next month) and the new ISA doesn't allow transfers in, does the money in the old ISA that I no longer contribute to then become liable for tax?

No, the old ISA is completely independent from the new ISA.

See here for what your options are with regards to the old ISA: http://forums.moneysavingexpert.com/showthread.html?t=2302457