Cash ISAs: The Best Currently Available List

10_66

Danske is also listed as accepting transfers in and operated by branch, internet or post, which in theory it does..... However, the only way you can apply to transfer in is to visit a branch, so effectively making it a non-transfer in product for those of us who do not live in Ireland or near London.

Kazza242

Kazza242 wrote: »

• Holmesdale BS [90 Days' Notice] Cash ISA (issue 1) - 1.40%
  Rate guarantee? No. Rate effective from: 28/11/2014.
  Minimum deposit: £12,000 (to qualify for the higher rate). Operated via: Branch, Internet and Post.
  Notes: 90 days notice of withdrawal required. A rate of 1.30% is paid on balances totalling £8,000 - £11,999 and 1.05% on £500 - £7,999.
  Only available to residents of Surrey, Sussex, Kent, and Hampshire, and existing members before 04/04/2016.
  
  

thenudeone wrote: »

The Holmsdale BS ISA is only for local residents and existing members.
http://www.theholmesdale.co.uk/savings/products/2501-cash-isa-issue-1

Please note: The condition regarding the Holmesdale ISA being available to local residents and existing members only, is already mentioned on the list. I have highlighted it in bold type (for emphasis above).

MARTYM8`

colsten wrote: »

Had a letter today from Nationwide - Flexclusive ISA ISA Issue 9 drops from 1.6% to 1.2% on June 1 2016. The letter doesn't spell it out but it sounds as if all issues will drop to 1.2%.

I can see from the NW site that their savings rates are changing from 1 June but it doesn't seem to actually explain what the rate changes are at all. I also haven't had a letter confirming the rate changes and it doesn't show in internet banking either.

Aren't Nationwide supposed to advise people of changes within 30 days i.e. by Sunday.

http://www.nationwide.co.uk/support/support-articles/rates-fees-charges/june-reprice#xtab:some-rates-reducing-and-others-increasing

PS You do know you can get better rates in current accounts and regular savers.:D

Doshwaster

MARTYM8` wrote: »

I can see from the NW site that their savings rates are changing from 1 June but it doesn't seem to actually explain what the rate changes are at all. I also haven't had a letter confirming the rate changes and it doesn't show in internet banking either.

Aren't Nationwide supposed to advise people of changes within 30 days i.e. by Sunday.

http://www.nationwide.co.uk/support/support-articles/rates-fees-charges/june-reprice#xtab:some-rates-reducing-and-others-increasing

PS You do know you can get better rates in current accounts and regular savers.:D

Got my letter from Nationwide yesterday - just within the 30 day limit.

adindas

MARTYM8` wrote: »

....
PS You do know you can get better rates in current accounts and regular savers.:D

My flexclusive ISA is currently paying 1.5%. I think it is either i2 or i3. I have not received any communication regarding any rate changing to this date.

But when people exploit the money flexibility on this ISA to a full scale, the tiny rate difference on different ISA accounts about 0.3% (say) is almost irrelevant as you could just withdraw it and put it into high interest current account. When close to the next tax year put it back into ISA wrapper. So your money will only get a poor rate on ISA account for a few days.

MARTYM8`

adindas wrote: »

My flexclusive ISA is currently paying 1.5%. I think it is either i2 or i3. I have not received any communication regarding any rate changing to this date.

But when people exploit the money flexibility on this ISA to a full scale, the tiny rate difference on different ISA accounts about 0.3% (say) is almost irrelevant as you could just withdraw it and put it into high interest current account. When close to the next tax year put it back into ISA wrapper. So your money will only get a poor rate on ISA account for a few days.

In Nationwide's terms and conditions they make clear people must have 30 days notice of any rate change. I have had no such notice - nor have you.

In my view they should either offer us compensation or delay our rate reduction - because they have broken their terms.

At the very least they could display the new rates on their website - rather than say Oh our rates are changing but we aren't going to say what they are. The ISA section even implies rates are rising - which is not true for most people.

Change your rate fine - but at least tell us beforehand!

superstar_2

My bank has dropped it's ISA rates at the start of this financial year. I have been looking at others with better rates (prefer to have immediate access rather than fixing it).

1. Danske cash ISA - seems to have the best rate - I have not heard about this bank. What is the general experience with them?

2. The current account rates are higher - any advice to put my existing ISAs into the current accounts - or take the hit for future long term benefits if the rates go up eventually?

3. Can I open both cash ISA and help to but ISA both in the same financial year?

Thank you!

10_66

superstar wrote: »

1. Danske cash ISA - seems to have the best rate - I have not heard about this bank. What is the general experience with them?

If you're looking to transfer into Danske, when I rang them to ask about transferring in they said you had to visit a branch to do this. As I don't live in Ireland or London (where I think they have a branch) it was of no use to me.

eskbanker

superstar wrote: »

3. Can I open both cash ISA and help to but ISA both in the same financial year?

You can open as many ISAs as you like of any type any tax year! The rule is (essentially) that you cannot contribute new money into more than one cash ISA (including HTB ISAs) in any given tax year unless they're both with one of the small number of providers who use the split ISA concept (listed within the main MSE cash ISA article) to accommodate this.

Rich2808

10_66 wrote: »

If you're looking to transfer into Danske, when I rang them to ask about transferring in they said you had to visit a branch to do this. As I don't live in Ireland or London (where I think they have a branch) it was of no use to me.

Danske bank is a Danish bank - and the London office is their corporate banking arm.

The ISA is only available via Danske bank in Northern Ireland - their retail arm in the UK. You can't as far as I am aware transact or do isa transfers via the London office.