Cash ISAs: The Best Currently Available List

samizdat

samizdat wrote: »

The Manchester BS Regular Saver ISA looks interesting but I can't find any info yet, not even a mention, on Manchester's website.

I suppose the 3.5% end-of-year bonus is probably only guaranteed in the first year or something. We shall see.

Well, it has now appeared on the web site.

The 3.5% bonus is payable every year on 31 March!!

But the bonus is variable... Oh well.

"A deposit of between £100 and £425 must be paid into your account by bank transfer each month. If you deposit less than £100 or more than £425 in any calendar month or if you make more than one deposit in each month, you will not receive the bonus for that account year. You may miss one monthly payment during each account year and still qualify for the bonus. No more than one withdrawal can be made in each account year. If further withdrawals are made or the account is closed, you will not receive the bonus for that account year."

"If the conditions to receive the bonus payment are met, a bonus equivalent to 3.50% (variable) per annum will be added on 31st March each year."

david78

Nationwide also have a 4.15% three year fixed rate bond but its only available for people who already have maturing fixed rate bonds with them. This might be useful to someone.

carpy

roddydogs wrote: »

Anyone get Santanders 3.5% for NEXT years allowance?

well that's what i'm hoping i'm going to get....:eek:

i 'opened' it a few weeks ago but haven't made a deposit yet as was fully subscribed for this year elsewhere.

i intend to deposit £5.1k on 6th April i assume i'll be getting 3.5%:beer:

apt

The Nationwide three year fix is at 4.4%, but as you say is only available for renewals (although those renewing can add £5,100 for the upcoming tax year.)

david78

apt wrote: »

The Nationwide three year fix is at 4.4%, but as you say is only available for renewals (although those renewing can add £5,100 for the upcoming tax year.)

Yes, if you have a renewal form that gives you the option of 4.4%. You can then get this rate and, as you say, you can top up at the same time.

Newer renewal forms have the option of a 4.15% three year fix.

I have the 4.4% bond for my FRISA which matures 6 April and for my new £5100 for next year. . I have another bond that matures 3 May and I am hoping to be able to move this to the 4.15% bond at that time.

Special_Saver2

digivate wrote: »

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.

There is another downside - the 1% bonus is only paid at the end of the first 12 month period which means that the interest rate could drop (or fail to rise if base rates rise) and you would then have to either stay with that account, or leave early with 4 months' notice or loss of interest and lose the 1% bonus too.

SS2

Junier

Special_Saver2 wrote: »

There is another downside - the 1% bonus is only paid at the end of the first 12 month period which means that the interest rate could drop (or fail to rise if base rates rise) and you would then have to either stay with that account and leave early with 4 months' notice or loss of interest and lose the 1% bonus too.

SS2

The http://www.newcastle.co.uk/savings/balancebuilderisa looks the much better option but there are slightly more strict terms n conditions. as its giving 3.40% Gross.

MarkyMarkD

samizdat wrote: »

Well, it has now appeared on the web site.

The 3.5% bonus is payable every year on 31 March!!

But the bonus is variable... Oh well.

"A deposit of between £100 and £425 must be paid into your account by bank transfer each month. If you deposit less than £100 or more than £425 in any calendar month or if you make more than one deposit in each month, you will not receive the bonus for that account year. You may miss one monthly payment during each account year and still qualify for the bonus. No more than one withdrawal can be made in each account year. If further withdrawals are made or the account is closed, you will not receive the bonus for that account year."

"If the conditions to receive the bonus payment are met, a bonus equivalent to 3.50% (variable) per annum will be added on 31st March each year."

Why on earth would anyone commit to an account with a variable bonus? You could save for 11 months and then the bonus could be reduced to (say) 0.25% and you'd end up with a useless interest rate.

jimbow25

Surely the currently advertised bonus rate applies until they announce it changes - just like any interest rate? ie if the rate changes after 11 months you still get most of the year.

The only difference between interest and bonus interest, surely, is that the latter has sone extra conditions for being received?

I agree variable bonuses are not great though because whenever the rate drops you'd be stuck between hanging on for the bonus or cutting and running. Abbey did an account last year I think something like '2.5% variable with 1% variable bonus for no withdrawals'. Once the money is there what if it changed to only 1% + 1% bonus? They wouldn't care, you'd have to stay if you wanted the bonus interest.

cyclonebri1

Well, the wife and I have just sent our transfer forms off for the Halifax 4 year bond, which if I recall was at 4.5%.
It was our 3rd choice but the other two dissapeared before we could act. We have another ISA with Halifax so at least I might just remember where I've left it this year, :rotfl: