Cash ISAs: The Best Currently Available List

macgyver

Consumerist wrote: »

How can this year's (2012/13) fixed ISA have matured already?

I opened up the Halifax one year fixed rate ISA on 12th July 2011 and dopited the ISA allowance for the year 2011-12 and the deposited £5640 in this April for 2012-13.
The account matured on 12th July 2012 and the rate dropped to .1% from 3.2%.
I spoke to Halifax and they were able to convert it to 4yr fixed ISA at 4.1%

Jo4

Jo4 wrote: »

What is the difference in Santander's Direct ISA (Issue 9) and Santander's 1 year fixed rate ISA? Which of these two ISAs are best?

I have just discovered that you cannot make withdrawals from the fixed rate ISA.

Kazza242

Hi everyone. I've made a number of changes to the first post of this thread.

Aldermore has increased the rate paid on its one year fixed rate ISA offering, from 3.10% to 3.30%.

Julian Hodge Bank has increased its one year fixed ISA rate, from 3.25% to 3.35%.

Principality building society's 18 month fixed ISA rate has increased from 3.22% to 3.33%. (I expect that Principality BS will amend the old rate displayed on its website on Monday).

Kent Reliance building society have launched a range of new fixed rate ISAs, paying 3.50% (three year term), 3.25% (two year term) and 3.10% (one year term).

Santander have launched a new issue of their Direct ISA rate, paying 3.00%. They have also launched a new issue of their one year fixed ISA, paying 3.20%.

Marks and Spencer Money have amended their fixed rate ISA rates. They now pay 3.50% (three year term), 3.25% (two year term) and 3.10% (one year term).

Cheltenham & Gloucester have withdrawn their popular range of fixed rate ISAs.

Middle_Sister

Has Santander withdrawn 2 yr fixed rate Major ISA?

innovate

Middle_Sister wrote: »

Has Santander withdrawn 2 yr fixed rate Major ISA?

There's no "Major" ISA any longer, but the 2 years fixed ISA is still available, albeit at only 3.6% AER http://www.santander.co.uk/csgs/Satellite?appID=abbey.internet.Abbeycom&c=Page&canal=CABBEYCOM&cid=1237908316644&empr=Abbeycom&leng=en_GB&pagename=Abbeycom%2FPage%2FWC_ACOM_ViewSelector

It is "normal" that ISA rates reduce throughout the year. Probably won't see anything decent before March/April next year now, and even then, the rates aren't looking on the way up right now, I am afraid.

meanscot

With Rory McIlroy winning the US PGA Championship, will Santander be giving a 0.1% bonus to my 2 year Major ISA ?

Giving a 4.1% interest rate over 2 years. :T

meanscot

innovate

meanscot wrote: »

With Rory McIlroy winning the US PGA Championship, will Santander be giving a 0.1% bonus to my 2 year Major ISA ?

Giving a 4.2% interest rate over 2 years. :T

meanscot

Yes, you will get the "major" bonus.

Afraid, no, you will not get a 4.2% interest rate (AER) over 2 years.

You will get

• 4.0% AER on your investment, from the date(s) your deposits/transfers were made
• a bonus of 0.1% on your balance on May 31 2014 (before the interest for June 2013 - June 2014 gets added)

Example: if you deposited £5,000 on June 1 2012, you would receive:

• 4 % interest on £5,000 on 1 June 2013 = £200
• 0.1% "Major" on your balance on 1 June 2014 (before interest for the last year is added) = £5.20
• 4% interest on £5,200 on 1 June 2014 = £208

So you will end up with £5413,20 (£5,000 + £200 + £5.20 + £208).


If in doubt, consult the T&Cs.

meanscot

Hi innovate

Thanks for that - thought it was too good to be true.

However as they say at Tesco "every little helps".


meanscot

Kazza242

Hello everyone. There have been a number of rate changes in the last 24 hours. I've applied the new rates to the first post of this thread.

Halifax have changed their four and five year fixed rate ISA rates. They are now paying 3.80% and 4.00% respectively.

The Bank of Cyprus UK fixed rate ISA rates have changed. Their Loyalty ISA rates are now 3.65% (three year term), 3.50% for (two years) and 3.35% (one year). Their standard rates have also changed to 3.55% (three year term) and 3.40% (two years).

Santander have withdrawn their two year fixed rate Major ISA and replaced it with an ISA paying 3.60%.

I have added the Shepshed Building Society two year fixed rate ISA to the list. It pays 3.25% on balances of £3,600+.

Governor Money (Hinckley Building Society) have launched a new issue of their one year fixed rate ISA, paying 3.20%.

innovate

5 years fixed term, fixed rate 4.25%, branch or post only, no transfers in. Leek United Building Society

They also do 1, 2 and 3 years fixed rate fixed term ones, but not with market-leading interest rates.