Cash ISAs: The Best Currently Available List

Ken68

Same here Jim, have the Notts 8 to put somewhere, was going to be the 5yr Coventry...now down to 2.15% from 2.3%. Rethink due.

Rich2808

bubieyehyeh wrote: »

This years Nottingham BS regular saver ISA details is now on their website, it is listed on all saving accounts page, but not on cash ISAs page.



https://www.thenottingham.com/savings/products/starter-isa-issue-9/


Seems same terms as last year but rate now only 2%.

The lower rate makes it a less attractive offer this year given the monthly investment restrictions (£2400 month 1 and £1600 thereafter) - particularly as to close or transfer it means you lose 180 days interest. Several instant access isas are paying up to 1.5% and Shawbrook has a one year fixed rate for only 1.77% but with only a 90 day interest penalty on withdrawals - and you can invest £20k with them on day one.

And of course you have to factor in the trip to a branch and train/bus fares or petrol/parking!

Emily_Joy

Rich2808 wrote: »

The lower rate makes it a less attractive offer this year given the monthly investment restrictions.



You can invest £20k with them on day one.

And of course you have to factor in the trip to a branch and train/bus fares or petrol/parking!

In order to invest £20K on day one, one needs to have £20K on day one at first place. As many people fund ISA from maturing regular savers, investing on day one isn't an option.

Middle_Sister

The Santander 1.5% eISA has been reduced today to 1%

badger09

Middle_Sister wrote: »

The Santander 1.5% eISA has been reduced today to 1%

'123 World/Select' eISA reduced to 1% for new applicants

Lord_e55ex

looks like the 'Shawbrook Bank Fixed Rate Cash ISA Bond (issue 30)' option has gone too....

colsten

Emily_Joy wrote: »

In order to invest £20K on day one, one needs to have £20K on day one at first place. As many people fund ISA from maturing regular savers, investing on day one isn't an option.

If you want to go for a fixed rate account (ISA or other type), you will only have a limited time window for your deposits.

Many people do have £20K, e.g. in existing ISAs, so these fixed term ISAs are an attractive option for anyone who can keep £20K+ locked away for the fixed term period. They are also an attractive option for people who can lock away smaller amounts for the fixed term period. They are not an option for those who want to add money throughout the year.

Also worth noting that cash ISAs and other savings account are not generally considered to be investments. They are just savings. Investments are things like S&S ISAs, SIPPs, and other equity portfolios.

ThriftyFelicity

Principality BS has a Regular Saver ISA @ 1.85%.

Minimum £20 to open.
Can open and manage online.
Maximum monthly payment of £1666.66.
You can make multiple deposits a month up to the maximum monthly limit.
From 28 Feb 2020, you can top up the balance to the maximum £20k.

Emily_Joy

colsten wrote: »

If you want to go for a fixed rate account (ISA or other type), you will only have a limited time window for your deposits..

Not necessary. Recently Coventry BS offered a flexible cash ISA with 1.5% guaranteed for a year. Lloyds bank also used to offer fixed rate flexible cash ISA. I understand these are not common, but they do exist.

MDMD

New issue of Virgin Money Double take e ISAs now available with rate increased to 1.47%. Also same rate on the Man United variety. You need to transfer in to get the rate if you are in an earlier issue but it took me all of 5 minutes to do and you get your accrued interest paid and compounded if you are on annual.

https://uk.virginmoney.com/savings/products/double_take_e_isa_issue_6/

https://uk.virginmoney.com/savings/products/man_utd_double_take_e_isa_issue_5/