Cash ISAs: The Best Currently Available List

DragonQ

Just withdrew money from my ISA for the first time ever, had to confirm the little tax-free wrapper warning on the website which was a bit scary!

Basically once my Club Lloyds and TSB Plus accounts are full I'll have ~£5,500 left which is an awkward amount for my remaining two Lloyds Vantage accounts so an extra £1000 will let me use those to their full potential.

No idea what I'll do come July when the Vantage rates drop and the new ISAs start. Maybe there'll be a half-decent account I can use then. If not, I could just transfer the money back into my ISA - this is the first year since I started working that I definitely won't be able to utilise the full ISA allowance anyway!

dosh37

dosh37 wrote: »

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.

It took a while but my cash ISA transfer from Julian Hodge Bank (1.6%) to the Virgin Money 1yr fixed ISA (2%) has now gone through .

KTF

The link on the first page to the Newcastle BS Regular Saver Big Home Saver appears to be linking to a non-ISA product:

http://www.newcastle.co.uk/savings/big-home-saver.aspx

ctdctd

KTF wrote: »

The link on the first page to the Newcastle BS Regular Saver Big Home Saver appears to be linking to a non-ISA product:

http://www.newcastle.co.uk/savings/big-home-saver.aspx

That's because the Newcastle pulled all their ISA products prior to the tax year end. Their ISA page currently says check back on the 6th so hopefully all will be revealed today or tomorrow.

Edit - Account is back as of 09:22 Sunday 6th. Still says £500 PCM though - I was hoping it would change to £1250.

marathonic

KTF wrote: »

The link on the first page to the Newcastle BS Regular Saver Big Home Saver appears to be linking to a non-ISA product:

http://www.newcastle.co.uk/savings/big-home-saver.aspx

The new ISA's are up. The rate and maximum permitted monthly deposit remains the same for the above product.

Edit: sorry, just saw the edit in the above post

dfurn

dosh37 wrote: »

It took a while but my cash ISA transfer from Julian Hodge Bank (1.6%) to the Virgin Money 1yr fixed ISA (2%) has now gone through .

Hi I'm just doing this transfer now. Can I ask now your money has arrived does the Virgin account show as 2% when you view it online? Currently mine says 0.1% but I imagine that's due to the funding not arriving yet.

purplestar133

dfurn wrote: »

Hi I'm just doing this transfer now. Can I ask now your money has arrived does the Virgin account show as 2% when you view it online? Currently mine says 0.1% but I imagine that's due to the funding not arriving yet.

Mine said that, then updated to 1.98% when my transfer funds had arrived and cleared. They showed in my account for a day before they showed as cleared.

While I'm talking about the interest...I'm going to ask a silly question again, why is the monthly interest rate 1.98% when it is 2% when paid annually? I know the APR is 2%, but can anyone just humour me and spell out why they are different?

DragonQ

If the interest is paid monthly it's compounded, so the actual rate will be lower to compensate. The AER rate is the important one, as it tells you what you'd get after a year including compounding.

The same is true of all accounts: Lloyds/BoS/TSB Vantage are 2.96% IIRC, which works out as 3% AER when compounded.

purplestar133

DragonQ wrote: »

If they interest is paid monthly it's compounded, so the actual rate will be lower to compensate. The AER rate is the important one, as it tells you what you'd get after a year including compounding.

The same is true of all accounts: Lloyds/BoS/TSB Vantage are 2.96% IIRC, which works out as 3% AER when compounded.

Thank you!

typistretired

Oh boy!! All quiet on here!! Got the most of mine and my hubby's cash ISA in Coventry BS Reward paying 2.50%. (Plus the other with them) We each have the £100 in Leeds BS paying 2.55% at end of month. Plus my units trusts iSA. With current accounts paying more where do we go???