Cash ISAs: The Best Currently Available List

Yeti

firstly, as ever, thanks for this resource. i have a couple of questions :

1) i have two separate cash isas for previous years. i am assuming if you make an account at one that accepts transfers, you can deposit for this year AND transfer in two existing ones?

2) i was going to do this at santander, but then read a lot of negativity about time taken to do transfers. then i thought maybe lloyds, 2 year fixed (i do like the idea of having no hassle next year, even if it costs a little money). but now it seems the rate has dropped. should i wait and hope rates go back up?

cheers

rb10

Yeti wrote: »

1) i have two separate cash isas for previous years. i am assuming if you make an account at one that accepts transfers, you can deposit for this year AND transfer in two existing ones?

Yes, that is (normally) correct.

Yeti wrote: »

2) i was going to do this at santander, but then read a lot of negativity about time taken to do transfers

Santander took less than a week to complete my transfer. Now that most transfers are electronic (rather than by cheque), they're much faster.

Consumerist

Most of the adverse comment regarding Santander refers to their customer service - not their ISAs

Although I wouldn't contemplate a current account with Santander, their ISA transfers are generally as good as any other bank, in my recent experience.

Yeti

i was referring to comments in the (accepts transfers) thread. no doubt they're isolated incidents though really. thanks for the replies guys.

Funkyfreddy

Kazza242 wrote: »

Cash ISAs: The Best Currently Available List
....
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.

...

This now seems to have dropped back to 3.1%

Rgds
FF

thumshie

Nationwide Online ISA (issue 4 - 3.10% ) has been removed and replaced with Issue 5 - 2.75% until 31st December 2013.

Nationwide 18month fixed no longer available...

Funkyfreddy

Kazza242 wrote: »

Cash ISAs: The Best Currently Available List
....
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%
Minimum deposit: £1+.
Notes: Fixed for one year from account opening date. Available to those aged over 50 only.
[..]

Rate as of 15 June for this one now appears to be 3.0%.

Rgds
FF

Dustykitten

Virgin Cash ISAs seem to have changed their issues and rates already:

http://www.northernrock.co.uk/savings/find/results/all/new

No experience of these ISAs are comments, good or bad.

Thanks Kaz for the work in this thread

Kazza242

Hi Everyone.

I've made lots of updates to the first post of this thread.

Bank of Cyprus UK have launched a competitive range of fixed rate ISAs. They offer Loyalty fixed rate ISAs (available to existing customers who opened any type of Bank of Cyprus account on or before 30 June 2012.) and standard fixed rate ISAs that are available to all new customers.

Their range of Loyalty fixed rate ISAs pay 3.40%, 3.60% and 4.00%, on one, two and three year terms respectively. The standard fixed rate ISAs pay 3.25%, 3.50% and 3.70%, on one, two and three year terms respectively.

As of 25 June 2012, Bank of Cyprus UK are authorised and regulated by the Financial Services Authority and all eligible deposits are protected by the UK Financial Services Compensation Scheme (FSCS) up to £85,000 per customer.

Cheshire Building Society have launched issue 4 of their Direct ISA, now paying 3.00%.

Aldermore have reduced the rates paid on their fixed rate ISAs. They now pay 3.10%, 3.20% and 3.25% for a one, two and three year term respectively.

Nationwide's Online ISA has been removed from the list as it now pays only 2.75% and their 18 month fixed rate ISA has also been removed following its withdrawal.

Also removed from the list, following its withdrawal, is the Saga one year fixed rate ISA paying 3.60% for over 50s. The Virgin Money fixed rate ISAs have also been removed from the list, following the launch of their new issues which are not competitive enough.

Kazza242

I've updated the first post of this thread, as Halifax's fixed rate ISA rates have changed.

Their fixed rate ISAs have been reduced as follows:

- Five year term reduced from 4.25%, now paying 4.15%.

- Four year term reduced from 4.15%, now paying 4.10%.

- Three year term reduced from 4.00%, now paying 3.50%.