Cash ISAs: The Best Currently Available List

harz99

colsten wrote: »

7 days is less than half the 15 days providers are legally allowed to make the transfers without paying you interest on your balance.

Good cash ISA providers now pay you interest from the day after your ISA cash left the old ISA provider, so the account holder does not lose a day's worth of interest, regardless of how long the actual transfer takes. I am not sure Saga fall into this category but wouldn't be surprised if they were. Perhaps you can check with Saga and post your findings?

NB. Why did you move from Nationwide to Saga?

Erm, the new provider makes the application...........thought everyone on here would know that.

harz99

colsten wrote: »

Oops yes. :o

I think Nationwide are one of the 'good' ones, paying interest from the day after the money left the old provider. But not sure. Hope harz99 can confirm or otherwise.

Yes they are, but the point is more the inefficiency at SAGA/BM who had the request from Nationwide well before maturity date and despite that still left me in limbo for 7 days waiting for N/W to receive the funds by electronic transfer which is almost instantaneous.

masonic

harz99 wrote: »

Yes they are, but the point is more the inefficiency at SAGA/BM who had the request from Nationwide well before maturity date and despite that still left me in limbo for 7 days waiting for N/W to receive the funds by electronic transfer which is almost instantaneous.

There are still companies stuck using BACS transfers, and, don't take this the wrong way, but there can't be many companies that could be better associated with being a bit slow and behind the times

Saga_plc

Hi,
The transfer should not have taken that long and we would like to discuss it with you. Can you message me your details please?
Many thanks, David.

Consumerist

masonic wrote: »

There are still companies stuck using BACS transfers, and, don't take this the wrong way, but there can't be many companies that could be better associated with being a bit slow and behind the times

National Counties BS managed to transfer my ISA a week later than the 15 working-day time frame. They blamed the other manager, of course, but I won't be saving with them again.

harz99

Saga_plc wrote: »

Hi,
The transfer should not have taken that long and we would like to discuss it with you. Can you message me your details please?
Many thanks, David.

Thanks but no thanks, it's done now. You might like to reflect that I first posted on here 6 days ago though!

Saga_plc

A fair point well made. Apologies. Kind regards, David.

Archi_Bald

Leeds BS said to launch 3 year 2.3% AER fixed rate cash IAS tomorrow, 13/08/2015.

Their offers have a notoriously short life, so if you want to partake, be fast.

http://www.telegraph.co.uk/finance/personalfinance/savings/11796982/Leeds-Building-Society-launches-best-buy-cash-Isa.html

EDIT: it's on the Leeds website now. Transfers in allowed.
http://www.leedsbuildingsociety.co.uk/savings/isa-tax-free-accounts/3-year-fixed-rate-isa/

tiptoe_mouse

Kazza242 wrote: »

Barclays Instant Cash ISA (issue 1) - 1.49%
Rate guarantee? No. Rate effective from: 04/06/2013.
Minimum deposit: £30,000 (to qualify for the higher rate). Operated via: Branch (or Internet or Telephone for existing customers registered for Barclays online or telephone banking).
Notes: 1.39% is paid on balances totalling £15,000 - £29,999 and 1.29% on £1 - £14,999.

Unfortunately Barclays are dropping the rates on their cash isa as from 23rd September 2015. The rates will be:
1% on balances over £30,000
0.9% on £15,000 - £29,999
0.8% on £1 - £14,999

See here for full details: http://www.barclays.co.uk/P1242628916356

HTH

tiptoe

Space_Captain

I don't want a 2/3 year lock in if the rates rise in early 2016 as predicted.