Cash ISAs: The Best Currently Available List

colsten

gwapenut wrote: »

Sure. Anyone can get 1.5% easy access which is worth approx 110 extra (using a simplistic slightly inaccurate calculation) before tax.

For a 123 account this doubles to become about 200 extra before tax but after deducting the 123 fee.

For the isa, this beats all but the complicated arrangement of 3, 4, 5 % accounts for non and basic rate tax. For higher rate tax i believe it beats all others.

I haven't done the numbers but you would get precisely the same amount of interest in the feeder account regardless of whether the target RS is an ISA or not. So the extra money is a red herring.

gwapenut

Not when you're comparing a regular saver against a current account in the way that you did.

You biased the current account figures towards double the level of savings versus the rs. Not a red herring at all

gwapenut

Anyway, why don't we discuss this in a dedicated thread instead of one devoted to cash isas.

I think the discussion has merit, but not here - this thread is for discussing rates for a particular kind of savings vehicle, in a subforum dedicated to that particular kind of vehicle.

Whether the interest is slightly less in an isa may not matter to people who don't want to open an extra 3 current accounts to be able to open a further extra 3 linked non isa regular savers. Some prefer a slight rate hit for the simplicity of 1 account versus 6, and others prefer the chase. Each to their own, of course!

colsten

I haven't biased anything. I have just worked out some numbers for different scenarios. But you are right, probably not worth discussing further here for now as almost everybody by now knows that cash ISAs are presently not the best deal for most people.

Trying_to_be_good

Hi Kazza

Just checked the Saffron BS Four Year Step Cash NISA and it DOESN'T accept transfers in from other providers (I guess it does accept transfers from its own ISA accounts) - could you, please, move it from the section that does on your master list on page 1?

thanks

Consumerist

gwapenut wrote: »

Anyway, why don't we discuss this in a dedicated thread instead of one devoted to cash isas.

Brilliant idea. :T

gwapenut

Virgin Money have just launched 1 and 2 year fixes at 1.65% and 2%.

Both of these accept transfers in.

http://uk.virginmoney.com/savings/find/virgin_fixed_rate_cash_e_isa_issue_114/overview/

ince_mon

Don't know if its with all accounts,but why do you get slightly more interest back monthly rather than yearly? Virgin 12 month one.

colsten

ince_mon wrote: »

Don't know if its with all accounts,but why do you get slightly more interest back monthly rather than yearly? Virgin 12 month one.

Have you got an example? The AER is usually the same, regardless of when interest gets paid

butterflymum

gwapenut wrote: »

Virgin Money have just launched 1 and 2 year fixes at 1.65% and 2%.

Both of these accept transfers in.

http://uk.virginmoney.com/savings/find/virgin_fixed_rate_cash_e_isa_issue_114/overview/

Did you mean 3 years, not 2?

http://uk.virginmoney.com/savings/find/virgin_fixed_rate_cash_e_isa_issue_111/overview/