Cash ISAs: The Best Currently Available List

Kazza242

The first post has been updated.

Barnsley Building Society, Northern Rock and the Post Office have each launched one year fixed rate ISAs, paying 3.20% respectively. The Post Office have also launched a two year and three year fixed rate ISA, paying 3.75% and 4.00% respectively.

Northern Rock have also added a highly competitive three year fixed rate ISA to their range, paying 4.01%. United Trust Bank have recently launched a three year fixed rate ISA paying 4.20% and a five year fixed rate ISA paying 4.45%.

Birmingham Midshires have recently started offering a new five year fixed rate ISA paying 4.65%.

Next update will be this weekend.

owitemisermusa

Why did the Post Office wait so long to launch? I'd have stayed with them if they'd been sharper.

Kazza242

owitemisermusa wrote: »

Why did the Post Office wait so long to launch? I'd have stayed with them if they'd been sharper.

Yes, it's a shame that some providers take so long to launch their new rates, especially when they have customers with ISAs about to mature.

The AA Internet Access ISA rate (issue 1), paying 3.35% has been withdrawn and replaced with issue 2, paying 3.05%.

MoneySaverLog

Kazza242 wrote: »

Yes, it's a shame that some providers take so long to launch their new rates, especially when they have customers with ISAs about to mature.

The AA Internet Access ISA rate (issue 1), paying 3.35% has been withdrawn and replaced with issue 2, paying 3.05%.

I just called the AA up to confirm what happens with existing customers, the rates appear to have been fixed for the 12 months.

Existing customers on Issue 1, still get to keep the old rate 3.35% though and if they add further money up to their allowance will still get the old rate on that money too.

curlygirl1971

Thanks for the update Kazza



I've recently had an ISA maturing with the Halifax (today actually). It was a 2 year fixed rate on 3.5%. The Halifax sent me a maturity notification dated 8th July detailing their new fixed rates. I was particularly interested in the 3.65% / 2 year. That was on a Friday - by the Monday they'd lowered it again. Fortunately there was a little line on the letter under the rates advising that they would honour these rates - so although the PO are doing 3.75%, I'm happy. It was a small ISA and the extra 0.10% represents £6 over the 2 years. I've chased those extra pennies all over the place but £3 extra pa is even beneath me.

owitemisermusa

^^
Thing is, the post office didn't even advise me of new product offerings unlike the Halifax did for you.
Surely they should be interested in keeping as much funds as they can?

curlygirl1971

I think different institutions have different policies at different times. I've been with the Halifax since I was 7........a long time! And I'm pretty sure they haven't always been pro-active in keeping ISA funds / advising of best rates. Currently they have their 'ISA Promise' which includes keeping customers informed of maturity.

Last year First Direct went one better, at the end of the guaranteed rate term (I think 2.96%) they wrote to me saying they were automatically putting it on 2.75%....now thats service. If I'd not taken action with the Halifax then right now that pot would be earning diddly.

Kazza242

Hi everyone. The first post has been updated.

This is a quick update. Northern Rock have launched a new issue of their one year fixed rate ISA, paying 3.20%. It has been added to the list.

I have also added 2 new two year fixed rate ISAs to the list. They are offered by Northern Rock and Cheltenham & Gloucester, paying 3.55% and 3.50% respectively.

It's been relatively quiet on the ISAs front over the summer, but I'll do another update at the weekend.

Kazza242

Another quick update to the first post of this thread.

This week there has been 4 new one year fixed rate ISAs launched, paying 3.10% respectively. They are available from the following building societies: Cheshire, Derbyshire, Dunfermline and Nationwide.

NatWest and the Royal Bank of Scotland launched two year and three year fixed rate ISAs, paying a preferential rate of interest to savers transferring ISAs to them from other providers. The two year fixed rate ISAs pay 3.70% while the three year fixed rate ISAs pay 4.10%.

Also added to the list are the new two year fixed rate ISAs, paying 3.50%, which are being offered by Cheshire, Derbyshire and Dunfermline building societies.

Kazza242

I have added three new 1 year fixed rate ISAs to the first post of this thread.

They are being offered my Clydesdale Bank, Yorkshire Bank and Marks and Spencer Money, paying 3.30%, 3.30% and 3.10% respectively.