Cash ISAs: The Best Currently Available List

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).

Consumerist

DragonQ said:

. . . 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.

If you made regular deposits of £100 per month over the year then your return was more like 33% pa.

Nice one !

DragonQ

Consumerist said:

DragonQ said:

. . . 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.

If you made regular deposits of £100 per month over the year then your return was more like 33% pa.

Nice one !

It actually looks like they're doing the same deal this year. TCB rate (today only) is £220 for £100/mo. Under "What will stop me getting cashback" there is an entry saying:

"If you have previously purchased a Shepherds Friendly Stocks and Shares ISA, or if you have purchased and since cancelled any other Shepherds Friendly plan."

Which presumably includes accounts opened in previous tax years, so I can't take advantage of it. Others might be able to though, and there's a similar deal with Scottish Friendly for £210 also.

BigBlueSky

Thanks DragonQ - How has your investment with them performed over the last 12 months ? - Separate from the cashback.

carpy

DragonQ said:

Consumerist said:

DragonQ said:

. . . 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.

If you made regular deposits of £100 per month over the year then your return was more like 33% pa.

Nice one !

It actually looks like they're doing the same deal this year. TCB rate (today only) is £220 for £100/mo. Under "What will stop me getting cashback" there is an entry saying:

"If you have previously purchased a Shepherds Friendly Stocks and Shares ISA, or if you have purchased and since cancelled any other Shepherds Friendly plan."

Which presumably includes accounts opened in previous tax years, so I can't take advantage of it. Others might be able to though, and there's a similar deal with Scottish Friendly for £210 also.

aren't they stocks & shares ISAs though....not cash ISAs?

grumiofoundation

Just to be clear neither Shepherds nor Scottish friendly are CASH ISAS which is the subject of this thread.

DragonQ said:

Consumerist said:

DragonQ said:

. . . 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.

If you made regular deposits of £100 per month over the year then your return was more like 33% pa.

Nice one !

It actually looks like they're doing the same deal this year. TCB rate (today only) is £220 for £100/mo. Under "What will stop me getting cashback" there is an entry saying:

"If you have previously purchased a Shepherds Friendly Stocks and Shares ISA, or if you have purchased and since cancelled any other Shepherds Friendly plan."

Which presumably includes accounts opened in previous tax years, so I can't take advantage of it. Others might be able to though, and there's a similar deal with Scottish Friendly for £210 also.

DragonQ

You're right, I clicked the wrong thread, sorry about that. They are indeed S&S ISAs.

Alexland

DragonQ said:

You're right, I clicked the wrong thread, sorry about that. They are indeed S&S ISAs.

And not very good ones either.

veryintrigued

Vernon Building Society have a decent 1.95 RS Cash ISA for those of you within 25 miles of their branch. Although it appears you may only pay in £500 a maximum per month.

https://www.thevernon.co.uk/savings/cash_isa_accounts

badger09

Virgin Double Take E ISA is back. Issue 16 1.01%
Also 1 Year Fixed Rate  Issue 422 1.05%

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