Cash ISAs: The Best Currently Available List

NormanRobinson22

I checked online today and believe the Flexclusive 9 what offered 1.6% is NOW the Flexclusive 10 offering 1.5%, unless I missed something.

Castle

NormanRobinson22 wrote: »

I checked online today and believe the Flexclusive 9 what offered 1.6% is NOW the Flexclusive 10 offering 1.5%, unless I missed something.

According to this link the "9" is still ongoing at 1.6% but closed to new applicants. I guess the "10" is the latest ISA.
http://www.nationwide.co.uk/support/product-support/savings-and-isas

MARTYM8`

Castle wrote: »

According to this link the "9" is still ongoing at 1.6% but closed to new applicants. I guess the "10" is the latest ISA.
http://www.nationwide.co.uk/support/product-support/savings-and-isas

I have an issue 9 and am still getting 1.6%.

So yes - 9 is closed to new applicants but still paying 1.6% for existing account holders who can add to their funds.

Heinz

I wonder whether someone could offer some advice to me on the following:

I have too much money in a cash ISA (it exceeds the new £75k protection figure) so need to move some of it elsewhere.

I normally go for 2 year fixed rate cash ISAs and see that, at the moment, about 2% can be made (that's the same as I'm already getting on the whole amount).

I therefore intend to move £20k or £30k to a new cash ISA but I believe I remember that providers sometimes offer 'come on' rates near to the financial year end - so is it best to wait for one of those?

Consumerist

It used to be the case that there was an "ISA season" around the end of the financial year but in recent years it's been something of a damp squib. Banks simply don't really want our money when the treasury is lending at give-away rates.

Have a word with your current ISA manager to see what their policy is regarding transfers before maturity for this year.

Heinz

It transpires that to withdraw funds before maturity will require me to lose 120 days' interest by closing the account and transferring the money to a new ISA (so as not to lose the tax-free status).

120 days' interest will be about £1,000 - so I won 't be doing that - I will just have to take a chance that Santander doesn't go but in the next 16 months!

colsten

Heinz wrote: »

120 days' interest will be about £1,000 - so I won 't be doing that - I will just have to take a chance that Santander doesn't go but in the next 16 months!

They must let you reduce your holdings by £10K without any penalty. All deposit providers have been told so by the PRA several months ago.

Ian_W

Kazza,
FYI the Virgin 2 yr fixed (and branch based one mentioned) is now reduced from 2% to 1.65% according to the links on page 1.

Seems to be the current theme as my notice ISA with Yorkshire Bank has reduced down to 1.75%.

ScoobyZ

It looks like the banks don't believe rates will go up soon!

colsten

They would not be alone. I have for months held the opinion that we won't see UK rates go up before sometime in 2017 at the earliest, and many people I speak to have similar views. None of us knows.....