Cash ISAs: The Best Currently Available List

Consumerist

Just a quick reminder that the last business day in the 2019/20 tax year is Friday 3rd April.

Kazza242

Hi everyone,

I hope you're all OK and staying safe during these extremely difficult times.

The first post of this thread has been updated.  If you haven't already used your ISA allowance for this tax year (2019/20) then please don't wait to the last minute to open one. 

These are unprecedented times and our Banks and Building Societies will already be under more pressure than usual at this time of year (ISA season) and they may be operating with reduced numbers of staffing. 

http://forums.moneysavingexpert.com/discussion/401374/cash-isas-the-best-isas-currently-available-list/p1 

veryintrigued

Are there ANY decent regular saver ones for the new tax year on the horizon?

My search has been fruitless for the first time in years and years!

Consumerist

veryintrigued said:

Are there ANY decent regular saver ones for the new tax year on the horizon?
My search has been fruitless for the first time in years and years!

With interest rates likely to topple across the board at any time now, I've settled for an ordinary savings account for the time being.

margaretx9

Just to say Virgin money have now withdrawn their their Double take e-isa and fixed rate isa products shown on the homepage.  Only isa they have for sale today is the easy access e-isa paying 0.5%.
They may of course reintroduce similar products - probably at lower rates - when the new tax year starts tomorrow. I would be surprised if most of the best buy products on the first page aren't pulled soon or see their rates lowered.

https://uk.virginmoney.com/savings/find/results/#online

[Deleted User]

Hi,

here's some of the new rates from Martin.

colsten

[Deleted User] said:

Hi,

here's some of the new rates from Martin.

A more complete list: https://moneyfacts.co.uk/isa/

colsten

Interesting Nationwide prize draw, entries closing April 30 2020: https://forums.moneysavingexpert.com/discussion/6125732/nationwide-isa-prize-draw-enter-by-april-30-2020

margaretx9

[Deleted User] said:

Hi,

here's some of the new rates from Martin.

Paragon have only cut their fixed rate isas by 0.1% e.g. their one year fixed rate was 1.35% and is now 1.25% and their instant access isa paying 1.21% is still available.
Advantage with them is they offer a split isa (their isa wallet as they call it) so you can spread your 2020-21 isa limit across multiple cash isas (e.g. a bit instant access, a bit one year fixed, a bit two or five if you wish). They seem to be one of the few left still paying decent rates and also not making brutal cuts (e.g. HSBC cutting their preferential loyalty isa rate  from 0.55% to 0.1% on 1 May for advance and premier customers.

Bath BS are cutting the rate on their instant access ISA from 1.25% to 0.6% on 1 May
https://www.bathbuildingsociety.co.uk/savings/personal-savings-and-investments/instant-isa
Penrith BS still offering 1.25% but its branch or written postal request only.
https://www.penrithbs.co.uk/savings/tax-free-savings/

DragonQ

With rates so low, the only thing I've used ISAs for over the last few years is cashback. Last year I got £200 for depositing £1.2k over a year, a return of 16.7%. Far better than any interest rate available, and technically I can leave the cash in there to potentially grow tax-free in future years.

I haven't seen any equivalents so far this year, most cashback offers are demanding a much higher deposit (£5k or £10k for example).