Cash ISAs: The Best Currently Available List

KTF

hgt wrote: »

Surely if you put yesterday's date on the form, and get it in the post ASAP they should do!

Its going in the post today with yesterdays date on it so I will let you know

The form is here if anyone wants to do the same: https://www.dropbox.com/s/c9f2bsn7bsnih9f/418_Two_Year_Tracker_ISA_app_070613_Clean.pdf

purplestar133

Cappsy wrote: »

Tracker Issue 5 withdrawn. Replaced with Issue 6 a 2 year tracker at only 1.5%. (1% above base rate)

Oof. Back to the drawing board then!

But thanks, KTF, for the form. I don't think I can fund it within 2 weeks though. That would mean sacrificing the last couple of months of 2.5% at the Cheshire - that's due to end in July. It's variable with a guaranteed rate, I think, so no penalties for leaving early, except a couple of months worth of 0.5% if I went to KRBS. Not sure if it's worth it to secure 1.5% above base rate for 2 years. What do you think?

purplestar133

Briefly saw in the window of Halifax today they're offering a 2% Fixed Rate for 18 months.

First thought was, maturing at 18 months will drop me right in the middle of the 'no decent ISAs' time of the year!

purplestar133

KTF wrote: »

Its going in the post today with yesterdays date on it so I will let you know

The form is here if anyone wants to do the same: https://www.dropbox.com/s/c9f2bsn7bsnih9f/418_Two_Year_Tracker_ISA_app_070613_Clean.pdf

Have just thought I could open this with the money I've saved this year in the NW FlexDirect current account, rather than dropping that into the Cheshire 2.5%. Then could transfer the Cheshire one in later. The problem I've got now, is no chequebook for the FlexDirect. Haven't even got a chequebook on my main current account anymore. Does anyone know if I can make a deposit another way?

I would be cutting it fine as the earliest I can get this printed off and sent is tomorrow.

anna42hmr

Looks like all is ok with my virgin isa application, account open, old isa transferred and is showing the interest rate is 2% until next may as expected. so looks like they are allowing it to be kept. Good service from them in terms of the opening and switch a lot quicker and easier than other transfers have been in the past!

KTF

KTF wrote: »

Its going in the post today with yesterdays date on it so I will let you know

The form is here if anyone wants to do the same: https://www.dropbox.com/s/c9f2bsn7bsnih9f/418_Two_Year_Tracker_ISA_app_070613_Clean.pdf

Well I had a letter from them this morning to say that my application has been processed and that the transfer request has been sent to my existing provider.

Kazza242

Hello everyone.

The first post has been updated.

For the first time I have added some Credit Union ISAs to the list.

Under the 'new money' 3 year Fixed Rate ISAs section, is the ISA from 'My Community Bank Credit Union'. It pays 2.30% and is available to members of the credit union.

Membership is available to people who live or work in the London Borough of Brent and it is open nationwide to members of associations concerned with the culture, cuisine, finance or welfare of the South Asian community in the UK.

Also added, is the variable rate ISA from The Voyager Alliance Credit Union. It pays a projected rate of 2.75%.

Again, you must be a member to apply. Membership is available to transport employees in England, Scotland and Wales and their family members who live in the same household. (I am awaiting further details from them with regards to whether their ISA accepts transfers in.)

Coventry Building Society have launched a new issue of their fixed rate ISA, paying 2.75%. It is fixed until 30/11/2017 and does not accept transfers in.

Nationwide have launched a new range of fixed rate ISAs, paying 2.05%, 2.25% and 2.40% on two, three and four year terms respectively.

dosh37

anna42hmr wrote: »

Looks like all is ok with my virgin isa application, account open, old isa transferred and is showing the interest rate is 2% until next may as expected. so looks like they are allowing it to be kept. Good service from them in terms of the opening and switch a lot quicker and easier than other transfers have been in the past!

Even though I was not an existing customer, My 1yr 2% fixed account was opened without a hitch. I sent in the ISA transfer form but stupidly failed to sign it. They sent the form back pretty quickly and I signed and returned it a couple of days ago. Assuming it goes through ok I am hoping to add my 2014/2015 ISA allowance to the same account in April.

purplestar133

With regards to the Halifax 2 year fix, the only reference I can find to deposits or additional deposits, is that you must fund it within 60 days of account opening and "After the 60 days you cannot pay any more money into your ISA Saver Fixed." Would you interpret this as meaning I could pay in this years money and then, leaving it until the last minute, transfer in from another ISA within the 60 days?

The reason for the last minute transfer is because I have the bulk of my savings in an ISA paying 2.5% until July - though it's not fixed, IIRC it's a variable, but guaranteed such and such above base rate (am about to go back and remind myself of the t&cs). I obviously want to maximise the time I get in the 2.5%.

I'm thinking I'm going to have to sacrifice the last few months of 2.5% to lock down a 'decent' rate of about 2% for the next few years. Or would you leave it until July and take your chances with whatever rates are available then? Looking for reassurance here!

(As you can see I've mentioned this before in previous posts - can't decide what to do!)

hgt

purplestar133 wrote: »

With regards to the Halifax 2 year fix, the only reference I can find to deposits or additional deposits, is that you must fund it within 60 days of account opening and "After the 60 days you cannot pay any more money into your ISA Saver Fixed." Would you interpret this as meaning I could pay in this years money and then, leaving it until the last minute, transfer in from another ISA within the 60 days?

The reason for the last minute transfer is because I have the bulk of my savings in an ISA paying 2.5% until July - though it's not fixed, IIRC it's a variable, but guaranteed such and such above base rate (am about to go back and remind myself of the t&cs). I obviously want to maximise the time I get in the 2.5%.

I'm thinking I'm going to have to sacrifice the last few months of 2.5% to lock down a 'decent' rate of about 2% for the next few years. Or would you leave it until July and take your chances with whatever rates are available then? Looking for reassurance here!

(As you can see I've mentioned this before in previous posts - can't decide what to do!)

Yes PurpleStar - You should be able to depostit funds right up to the 60 days with the Halifax 2-year fix (even for the 2014/15 Tax year)... though remember a transfer in from another provider can take a few weeks, so best not leave it too close to the wire!

Though how about this for another suggestion.... why not use the link in post # 3563 to get the Virgin 5-year fix at 3.00%.......

Andrew_Cottrell wrote: »

Found these on the Virgin Money website, but for some reason they're not showing up on their Cash ISAs page.

• Fixed Rate Cash E-ISA Issue 65 - 2.0% for 1 year
• Fixed Rate Cash E-ISA Issue 66 - 2.4% for 3 years
• Fixed Rate Cash E-ISA Issue 67 - 3.0% for 5 years

Bear with me - I know you don't want to lock away for that long... As the Virgin 5-year fix has only a 180 day interest penalty, if you were to close / transfer out after 2 years you would have gotten approx 2.25% over the term - which slightly beats the Halifax deal.

These are just crude calculations, but this is roughly what you'd get (averaged out) if you were to close/transfer the Virgin 5-year fix before the end of the term.....

After 1 year - 1.5%
After 2 years - 2.25%
After 3 years - 2.5%
After 4 years - 2.65%
After 5 years - 3.0%

The above calculations take into account the 180 day interest penalty.
This is a bit similar (though not quite as good) as the Newcastle BS account which was mentioned in the Newsletter this week, but then quickly pulled. But of course Martin can't mention the Virgin deal as an alternative because it doesn't officially exist (you have to use the special link). This account is available until 5th April and remains open for deposits / transfers-in for 30 days after opening.