Cash ISAs: The Best Currently Available List

SallySunshine

I have 2 maturing ISA's on June 1st, I'm looking at Coventry 3yr at 1.40%, it accepts transfers and it can be accessed with a penalty if really needed.
The other for the smaller amount was the Yorkshire B.S. 2yr fix at 1.25%, that has dropped to 1.15%,that was a surprise, so now possibly Aldemore for 1.2%.
Knowing my luck I wouldn't be surprised if others drop before I can transfer.

Just noticed the chelsea has dropped to 1.15% also for 2yr fix

SallySunshine

We always used to open a fixed ISA as soon as possible after the new tax year started, and nearly always stayed with that bank/building society when they matured as they offered a slightly higher rate to their customers.(that was then!)
However annoyingly some 2yr ISA's was actually 2yr 1 month, and so on, therefore we ended up this time maturing in June, and even have another one 18month fix, ending in October.
Normally not a big deal except of course it is this time, so possibly slimmer pickings when looking to transfer if rates keep reducing or get pulled early.:(

Space_Captain

My 2 year fixed ISA matured today. I am now able to add to it. Can I put some funds in and then transfer it all to a fixed rate ISA elsewhere or do I need to transfer it first and then pay into it ?

Consumerist

Space_Captain wrote: »

My 2 year fixed ISA matured today. I am now able to add to it. Can I put some funds in and then transfer it all to a fixed rate ISA elsewhere or do I need to transfer it first and then pay into it ?

You can do it either way round.

You are probably being paid a pittance in interest on the funds at the moment so the sooner you transfer it the better.

You can open a new fixed ISA for the new tax year anyway and transfer-in the old. Make sure the new ISA allows transfers-in and for how long - it's often about 60 days but check.

Edit
I'm assuming you haven't already contributed to an ISA since 6 April.

Neil_Jones

The 5yr Virgin Money E-Isa Issue 241 is at 1.75%, and the interest penalty for early withdrawal is only 180 days which is quite generous really - most of the others have the best part of a year's penalty on them on the five year fixes.

SallySunshine

Transferred my Santander maturing ISA to the Coventry 3yr 1.4% one.
Had to wait for 30 days before it matured on 1st June before I could apply for transfer.
Easiest and fastest application ever, probably because I already had an easy access ISA from last year so they had all my details on file.

Withdrawal penalty of 180 days lost of interest

Heinz

Principality FR Cash ISA rates appear to have dropped dramatically from the front page of this thread (1.6% instead of 1.95% for the 5 year and 1.3% instead of 1.85% for the 3 year).

Space_Captain

2 or 3 year fixed.
I'm not sure what to go for.

I may have some more to invest in 2 years time so a 3 year would mean me missing out being able to add it to my isa then however if rates drop again it would be good to have it in a 3 year fix.

Space_Captain

Heinz wrote: »

Principality FR Cash ISA rates appear to have dropped dramatically from the front page of this thread (1.6% instead of 1.95% for the 5 year and 1.3% instead of 1.85% for the 3 year).

The thisismoney website is updated daily it seems with the latest rates.

Froggitt

Space_Captain wrote: »

The thisismoney website is updated daily it seems with the latest rates.

Yes most of the decent rates on page one seem to have been pulled.

http://www.thisismoney.co.uk/money/saving/article-1583864/Best-savings-rates-Isas-Cash-Isa-accounts-fixed-rate-Isas.html is the link for This is Money ISA rates