Cash ISAs: The Best Currently Available List

vigman

Consumerist wrote: »

You should transfer any "dud" ISA as soon as possible; I assume it is free of any transfer restrictions at this point.

You can add new money to it after 5 April if the rate is still competitive.

SNIP

Actually several ISAs I have looked at have said 'no more payments permitted after the initial one' or similar.

It would be a pain to move an ISA balance now and then have to find another one for next year's allowance in a couple of month's time.

I'm hoping that I can move my wife's 1% NatWest ISA balance and add the new year allowance in the new ISA year hopefully at rates currently available. I also want to do the same with my Barclays ISA balance now the bonus has just stopped.

NW is now on 1% and Barclays on 1.28%.....ridiculously low!

Vigman

DragonQ

Unless things change pretty quickly this'll be the first year where I've had the money to fill a cash ISA immediately in early April but have no reason to do so. Even people paying tax can get 2.4% from various current accounts...surely hardly anyone will bother with ISAs this time around?

Archi_Bald

I have already filled my S&S ISA to the limit, and will do so again on April 6 (or 7, more realistically). I don't need this money in the foreseeable future - - any cash that I probably need in the next couple of years is in various current accounts.

Consumerist

DragonQ wrote: »

Unless things change pretty quickly this'll be the first year where I've had the money to fill a cash ISA immediately in early April but have no reason to do so. Even people paying tax can get 2.4% from various current accounts...surely hardly anyone will bother with ISAs this time around?

It certainly seems to me that you might just as well hold off subscribing next year's ISA allowance until closer to April 2015.

foreversummer

Just had a letter from Santander cutting their ISA Saver rates again.

New rates apply from 21st April 2014:

£1 - £9,999 0.5%
£10,000 - £24,999 1.00%
£25,000+ 1.50%

Thought it was too good to be true.

Foreversummer

someone

foreversummer wrote: »

New rates apply from 21st April 2014:

I thought the rate was for 1 year from opening so I think peoples notifications will show the date relevant to them.

Archi_Bald

someone wrote: »

I thought the rate was for 1 year from opening so I think peoples notifications will show the date relevant to them.

Not on the ISA Saver. The rates for that one are variable.

http://www.santander.co.uk/csgs/StaticBS?ssbinary=true&blobkey=id&SSURIsscontext=Satellite+Server&blobcol=urldata&blobheadervalue1=application%2Fpdf&blobwhere=1314013103792&SSURIsession=false&blobheadervalue2=inline%3Bfilename%3D640%5C362%5CSAVE0587NOV13HF_V1+FINAL.pdf&SSURIapptype=BlobServer&blobtable=MungoBlobs&SSURIcontainer=Default&blobheadername1=content-type&blobheadername2=Content-Disposition#satellitefragment&maxage=3600

gt94sss2

Looks as if the ISA season is kicking off.

HSBC have replaced all their Cash ISAs with a new HSBC Loyalty Cash ISA paying up to 1.6% and which accepts transfers in.

I haven't looked at the full details yet but a copy of their press release is here - instead of having a one year bonus, it seems to have a loyalty rate..

Regards
Sunil

innovate

It's got a nice feature in that the rate is guaranteed for 12 months from the last deposit.

Shame that the rate is utterly useless.

cutlass

New to this post lark but here goes.

Looks like you have to lock up your cash for 5 yr to get around 3%, but who knows what isa rates will do in the future ?
Many of these accounts allow withdrawals with a penalty, usually 180 days, down to 120 days.
So this is my plan. Come April will take out a 5yr isa at 2.9%. So let's say 3yrs down the line isa rates shoot up, and I want to transfer out, or I need the cash, I loose 120 days interest on the amount withdrawn. This means 2yrs interest at at the 5yr rate, and yr 3 at around 1.9%, still better than most instant access accounts, and this one also allows transfers in.
So, any flaws in my plan ?