Cash ISAs: The Best Currently Available List

New_York_No1_fan

jojelic wrote: »

Great info!
Do you any details of cash isa's paying interest monthly?

Thanks!

I know that Birmingham Midshires offer their 2yr FRISA (4.05%) either annually or monthly as I was asked this yesterday when I applied over the phone. However it makes very little difference over the term if you decide to have interest monthly.

flergalwit

Kazza242 wrote: »

There are two AER rates included on the webpage for this ISA, 2.00% and 4.25%. My understanding is that the 4.25% rate is made up of BOE base rate (0.5%) + 1.5% + 2.25% (bonus rate).

Yes... or maybe that's only what we're supposed to assume.

It it's really BOE + 1.5% + 2.25% during the bonus period, you'd have thought they'd sell it as "3.75% above BOE rate until 31/10/2013" as that sounds a lot more spectacular.

Still I admit I'm probably being paranoid.

Kazza242 wrote: »

I would recommend checking the rate paid each month just to be sure. If the rate does fall before the bonus expires, then you could just request a transfer to another ISA.

True, though that means missing out on the other new-money-only deals. Gah. I think I'll do this anyway though and hope for the best. Thanks!

Kazza242

jojelic wrote: »

Great info!
Do you any details of cash isa's paying interest monthly?

Thanks!

The following ISAs below (which are also featured on the list on page one of this thread), all have a monthly interest option:


Fixed Rate Cash ISAs for 'new money' only (i.e. they don't accept transfers in):

1 Year Fixes:


[*]Saga Fixed Rate ISA - 3.60%
(Available to those aged over 50 only).
Minimum deposit: £1+.
Notes: Fixed for one year from account opening date.


Variable Rate Cash ISAs that accept transfers in:


[*]NatWest e-ISA - 3.50%
Minimum deposit: £30,000 (to qualify for the higher rate). Operated via: Internet.
Notes: 3.25% is paid on total balances of £10,000 - £29,999 and 3.00% £0 - £9,999.


[*]Skipton BS (Online) Super Cash ISA - 3.10%
Minimum deposit: £50,000+ (to qualify for the higher rate).
Operated via: Internet.


[*]First Direct Cash ISA - 3.00%
Minimum deposit: £40,000 (to qualify for the higher rate). Operated via: Internet, Post or Telephone.


Variable Rate Cash ISAs requiring notice to be given & accepting transfers in:


[*]Aldermore (60 Days notice) ISA - 3.15%
Minimum deposit: £1,000. Operated via: Internet, Post or Telephone.


[*]Kent Reliance BS Internet (60 days notice) ISA (issue 2) - 3.10%
Minimum deposit: £50,000 (to qualify for the higher rate). Operated via: Post (ISA can be opened online).


Fixed Rate Cash ISAs that accept transfers in:


[*]Aldermore Fixed Rate ISA - 3.30%
Minimum deposit: £1,000.
Notes: Fixed for one year from account opening date.


14 Months+:


[*]Nationwide Fixed Rate ISA - 3.50%
Minimum deposit: £50,000 (to qualify for the higher rate).
Notes: Fixed for 18 months from account opening date. 3.45% is paid on balances totalling £25,000 - £49,999, 3.40% £10,000 - £24,000 and 3.30% £1 - £9,999.
Notes: Fixed for 18 months from account opening date.


[*]Barnsley BS Fixed Rate ISA - 3.25%
Minimum deposit: £100.
Notes: Fixed until 31/08/2013.


[*]Chelsea BS Fixed Rate Cash ISA - 3.25%
Minimum deposit: £100.
Notes: Fixed until 31/08/2013.


[*]Yorkshire BS Fixed Rate ISA - 3.25%
Minimum deposit: £100.
Notes: Fixed until 31/08/2013.


2 Year Fixes:


[*]Birmingham Midshires Fixed Rate ISA - 4.05%
Minimum deposit: £500.
Notes: Fixed for two years from account opening date.


3 Year Fixes:


[*]NatWest (Preferential) Fixed Rate ISA - 4.20%
Minimum deposit: £1,000.
Notes: Fixed until 06/06/2015 (start date 06/06/2012).


[*]Cheltenham & Gloucester Fixed Rate ISA (issue 13) - 3.90%
Minimum deposit: £100.
Notes: Fixed until 20/04/2015.


[*]NatWest Fixed Rate ISA - 3.80%
Minimum deposit: £1,000.
Notes: Fixed until 06/06/2015 (start date 06/06/2012).


[*]Saga Fixed Rate ISA - 3.70%
Minimum deposit: £1.
Notes: Fixed for three years from account opening date.


5 Year Fixes:


[*]Birmingham Midshires Fixed Rate ISA - 4.25%
Minimum deposit: £500.
Notes: Fixed for five years from account opening date.

Cappsy

Top thread, certainly should be sticky....

Newly_retired

Just to keep this excellent thread on the first page, I have today opted for the Birmingham Midshires 2 yr FRISA at 4.05%. Still open but maybe not for much longer.

mary

Likewise I've done the same. The general thinking is that rates are not going to rapidly increase, so I think 2 years is a comfortable time scale. Any longer and you might be kicking yourself. Crystal ball time.

10_66

Newly_retired wrote: »

Just to keep this excellent thread on the first page, I have today opted for the Birmingham Midshires 2 yr FRISA at 4.05%. Still open but maybe not for much longer.

mary wrote: »

Likewise I've done the same. The general thinking is that rates are not going to rapidly increase, so I think 2 years is a comfortable time scale. Any longer and you might be kicking yourself. Crystal ball time.

Me too, but I'm wondering whether or not I did the right thing. Their system is so archaic, the funds for this aren't earning any interest whilst sitting in my current account. I'm thinking I should've gone for a lower rate where the account would have been opened promptly and the funds taken straight away so earning interest immediately. The extra interest from the higher rate's soon eaten into by the delay .

10_66

Just an update on my previous post, not regretting it afterall. I rang them today to see if they could tell my what the damage re back log's likely to be and was told that their teams are working round the clock, and my account was opened on 12th. Not too bad then, when the earliest they could have opened it was the 10th (after the back holidays).

SnowMan

Cheshire Building Society Direct Fixed ISA, 18 month 4% AER, now withdrawn. See here

boobbby

I have just taken out the Lloyds 2 year FRISA paying 3.7% over 2 years.
I opened it with NIL payment but did a partial transfer (£30000) from another flexible ISA. I now have the following choices:
I can filter in this year and and next years ISA allowance if I want or open up other ISA's.
I can make further transfers in the next two years from my other ISA's and know I will get the fixed rate.
Was easy to open on the internet as I am a Lloyds Internet customer. (Took less than one minute) Handed the transfer form into the local branch or could have posted.
I like the fact that I have the choice to add to this ISA at my own pace or start another depending how rates change in the future. So not the very best rate but lots of flexibility for a FRISA. I do realise once I start to pay in this years allowance then I wont be able to make a transfer without penalty:beer: