Cash ISAs: The Best Currently Available List

Kazza242

Crabman wrote: »

Thanks for the PM flergalwit. This is now a sticky thread.

I see there are still references to "mods" so it would be appreciated if those who aren't absolutely clear on the difference between a Board Guide and the Forum Team could take note of the following link:

http://www.moneysavingexpert.com/site/forum-faqs#teamguides

Thanks Kazza for your efforts with this thread :T

Many thanks Flergalwit (for making the sticky request), Crabman (for actioning it) and everyone else who have helped to keep this thread alive.

I've been away most of this week and have only just checked the latest posts. It's fantastic that the thread has sticky status once again.

Reed_Richards

According to the teller at Nationwide, the interest rate on their "Flexclusive ISA" will decrease for any new accounts on Thursday.

YoungSaver_2

Hi there, I'm looking to put some money away for 2-3 years in a Couple of months. It will be the full ISA ammount. From looking at the list the 3 year Halifax isa looks the best. Is this right? Also will I get the interest yearly? Or get all 3 years interest at the nd of the term?

Consumerist

YoungSaver wrote: »

Hi there, I'm looking to put some money away for 2-3 years in a Couple of months. It will be the full ISA ammount. From looking at the list the 3 year Halifax isa looks the best. Is this right? Also will I get the interest yearly? Or get all 3 years interest at the nd of the term?

Hi YoungSaver and welcome to the forum.

Halifax ISA Saver Fixed 4.5% looks about the best 3-yr fix at the moment. Interest is paid annually, on the anniversary of account opening and added to the ISA. You will not be able to access the deposit or interest until the account matures in three years without paying a penalty equivalent to 270 days' interest on the entire balance.

Unfortunately, there is no guarantee that the account will still be available or at that rate in a couple of months time.

bti-uk@msn.com

Tried to open a/m ISA, but surprised that only one deposit is allowed!! This is not shown on any of the details, but call centre advised that it is hidden on page 2 of the link Legal Details!! Beware, in my opinion that is rather sharp practice.

I don't know about anyone else, but with all the cash ISA launches it's getting more difficult to decide which one(s) to choose. I thought it might be useful to list the options available in one place, as it makes it easier to compare them and make the right choice(s):

[BI have missed please do send me a PM.[/QUOTE]

innovate

Reed_Richards wrote: »

According to the teller at Nationwide, the interest rate on their "Flexclusive ISA" will decrease for any new accounts on Thursday.

This is now 3.5%, incl 1.5% bonus until 30 November 2013. Known as Flexclusive ISA issue 2

Still same pre-requisities as the original issue.

innovate

bti-uk@msn.com wrote: »

Tried to open a/m ISA, but surprised that only one deposit is allowed!! This is not shown on any of the details, but call centre advised that it is hidden on page 2 of the link Legal Details!! Beware, in my opinion that is rather sharp practice.

It is not sharp practice - it's very common with fixed rate / fixed term savings, whether ISA or non-ISA. They usually have a limited pay-in period, and/or limited number of deposits, and this is usually detailed in the T&Cs.

The T&Cs which apply to the Santander ISA you are complaining about are also clearly spelt out in the 2 Year Fixed Rate Major ISA T&Cs which can easily be found online. There is nothing hidden - if you choose not to read the T&Cs, you should expect to be surprised.

Funds must be deposited at account opening, unless opened on the telephone or online, where the deposit must be made within 14 days of account opening.
No subsequent additional deposits allowed.

If you want a fixed rate / fixed term ISA which allows regular contributions: the only one I know if is the Lloyds 2-year 3.7% rate, as per Kazza's list. Or you could look at a Regular Saver ISA, again see Kazza's list. But please read the relevant T&Cs :cool:

The_Enforcer

Reed_Richards wrote: »

According to the teller at Nationwide, the interest rate on their "Flexclusive ISA" will decrease for any new accounts on Thursday.

The rate was decreased to a total of 3.5% - see here:

http://www.nationwide.co.uk/savings/cash_isa/flexclusiveisa/introduction.htm

Kazza242

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

Cheshire Building Society have launched issue 3 of their Direct Cash ISA, now paying 3.35% on balances of £1,000.

Halifax have launched a new range of fixed rate ISAs, paying 4.25%, 4.15% and 4.00% for a five year, four year and three year term respectively.

FinancialFerret

This product from the original post

AA Internet Access ISA (issue 3)- 3.50%
Rate guarantee? No. Rate effective from: 05/04/2012.
Minimum deposit: £2,500. Operated via: Internet.
Important: Rate includes a fixed bonus of 3.00% for 12 months.

has now been withdrawn by the AA. Link still works but when you try to apply you get a "this product is no longer available" message.