Cash ISAs: The Best Currently Available List

KTF

Given that you can now transfer in to the Nationwide Flexclusive ISA which is fixed at 4.25% until October, thats where my money will be going.

Hopefully the FD one at 3% will still be around in October when the bonus expires.

purplestar133

Kazza242 wrote: »

Thanks purplestar133. I don't work in the banking industry, but it is an interest of mine. This thread came about because I do like to keep an eye on the best new accounts that come out.

I used to have them listed in a MS Word file (that I kept up-to-date) on my PC at home and then one day I thought it would be a good idea to share it with everyone on MSE by making this thread. I was only going to edit the ISAs list for a month during mid-March and April 2007, but it got so popular so quickly that I kept doing it until the present day.

I have to thank all of the posters on this thread that have helped keep the thread going over the years. Before this thread became a sticky on the ISAs board, some of you were bumping it to keep it on the first page of the board (many thanks!). :T

Well, thanks for all your hard work!

Peonie

KTF wrote: »

Given that you can now transfer in to the Nationwide Flexclusive ISA which is fixed at 4.25% until October, thats where my money will be going.

Hopefully the FD one at 3% will still be around in October when the bonus expires.

I had a quick look and could not find the Nationwide ISA you've mentioned above. From the high interest rate I'm guessing it's an old one.

innovate

Peonie wrote: »

I had a quick look and could not find the Nationwide ISA you've mentioned above. From the high interest rate I'm guessing it's an old one.

Yes it is. If you haven't already got it, it's too late now - this ISA closed for new applications sometime last May.

Special_Saver2

I will add my thanks to Kazza for maintaining this list. I particularly like the way the accounts are subdivided into specific categories, e.g. accounts that allow transfers in, and I hope this format continues when you re-jig the thread.

Thanks also to innovate for some helpful posts. Indeed, thanks to all the posters on this thread and other threads - we are all trying to help each other to be "Money Saving Experts" and contribute our time for free by writing these posts.

SS2

lucky77

Halifax have increased the rate payable on their 3 year fixed rate Isa to 3% (previously 2.6% I think).

Alex92_2

lucky77 wrote: »

Halifax have increased the rate payable on their 3 year fixed rate Isa to 3% (previously 2.6% I think).

If it says No withdrawals or additional deposits (excluding account closure), does this mean that come 2014/2015, I can't add further ISA allowance for that year? So if I put transfer in 5640 for this year and 5760 for 13/14 year, I cant add any moer and will have to open up a new ISA with someone else?

I'd like to think that within 2-3 years the rates will be a little higher than 3%

boobbby

Alex92 wrote: »

If it says No withdrawals or additional deposits (excluding account closure), does this mean that come 2014/2015, I can't add further ISA allowance for that year? So if I put transfer in 5640 for this year and 5760 for 13/14 year, I cant add any moer and will have to open up a new ISA with someone else?

I'd like to think that within 2-3 years the rates will be a little higher than 3%

They are very clever with their rates as 3% is very good at the moment but in the next couple of weeks other providers might also increase their rates with less restrictions.

Alex92_2

boobbby wrote: »

They are very clever with their rates as 3% is very good at the moment but in the next couple of weeks other providers might also increase their rates with less restrictions.

That's what im thinking. I've paid in my full amount for this year. Just keeping eyes and ears peeled for the meantime. Will probably make a decision early April once most banks ahve their cards on the table and not so close to their chests!

louiseadav

Kazza242 wrote: »

Hi louiseadav. Possibly, it is hard to tell because we are still only in early March.



Some suppliers tend to launch the better new ISAs towards the end of the tax year, to entice the savers who have yet to use up their ISA allowance and have only weeks to do so before they lose it. The rates of interest available on ISAs towards the end of March/early April tend to be higher than at other times of the year. There is then usually another set of ISAs that are launched for the new tax year only. They have tended to offer rates as high as those offered weeks before (and sometimes higher).

This year may be different (though no one knows for sure yet) because of the government's Funding for Lending Scheme, which has given providers access to cheap state-backed funding for the purpose of lending. As a result, providers have not needed to rely upon attracting savers' cash, which has contributed to the low interest rates on savings accounts and ISAs etc.



As you haven't yet used up your allowance for 2012/13, then it may be better to wait a few more weeks to see what will be available then. We still haven't got any information on what the big players are going to be offering in the coming weeks.

Some of the best rates (on offer towards the end of the tax year) do not accept transfers in, so you can benefit by depositing your unused allowance. Some of them will also allow you to deposit next year's allowance (from 6th April) into the same ISA too.

I wouldn't leave it too late though as you don't want to miss out on using up your 2012/13 allowance.

Many thanks Kazza; I'll wait a bit longer then but make sure I get my allowance in in time :-)