Cash ISAs: The Best Currently Available List

masonic

MiserlyMartin said:

I've not seen much movement in ISA rates since our two base rate rises. I had a 0.76% ISA since 2020 with Cynergy. And that has not gone up. 0.65% is frankly a pathetic low rate, being wiped out by 5% inflation.

But both still above the current BoE base rate. When the base rate catches them up, then you could reasonably expect to see some movement. Clearly the base rate is way too low for the circumstances, but a decade of cheap debt has left many exposed to the risk of financial ruin if they were to experience 'normal' interest rates.

bristolleedsfan

Launching 22nd February, not on Skipton website yet

SKIPTON BS
30 Month Online Fixed Rate Cash ISA Issue 176

Gross	1.70% paid at £10,000
AER	1.70% paid at £10,000

WEF Date	22/02/2022
	WITHDRAWN

Ibizafan

Thanks for alerting me to this. Have signed up!

Patr100

I'm just in the process of moving from an old Virgin Money ISA (paying 0.41 which though variable in theory didn't seem to shift ) to  Shawbrook Easy Access Cash ISA - Issue 20 
(paying 0.66% variable) I had figured that interest rates will continue  to rise for the next 18 months or so while the BoE tries to get inflation down. 
No  easy access rates are particularly good at the moment  but I realised that if I didn't move out from Virgin soon, to somewhere, I was losing out. I hope Shawbrook are better at passing on increases.
Which prompts a question: Can  I transfer a cash ISA again to another provider in the same financial year if I haven't actually paid any more into that ISA in the same year?

masonic

Patr100 said:

I'm just in the process of moving from an old Virgin Money ISA (paying 0.41 which though variable in theory didn't seem to shift ) to  Shawbrook Easy Access Cash ISA - Issue 20 
(paying 0.66% variable) I had figured that interest rates will continue  to rise for the next 18 months or so while the BoE tries to get inflation down. 
No  easy access rates are particularly good at the moment  but I realised that if I didn't move out from Virgin soon, to somewhere, I was losing out. I hope Shawbrook are better at passing on increases.
Which prompts a question: Can  I transfer a cash ISA again to another provider in the same financial year if I haven't actually paid any more into that ISA in the same year?

You can transfer an ISA as many times as you like, whether you've added money to it or not.

Wheres_My_Cashback

YBS now offering easily the best* easy access Cash Isa currently on the market with tiered rates;-

0.60% up to £9999
*0.77% for £10K+
*0.82% for £50K+

https://www.ybs.co.uk/savings/product.html?id=YB691501W

This is also a Flexible Isa

Kazza242

Hello everyone.

I have received lots of PMs about this thread. As this is the time of year where savers will be using up their remaining ISA allowances/thinking about the new tax year, I will be updating this thread.

The first post has been updated.

AndyTh_2

Cynergy now have a 0.76% easy access ISA (not Flexible ISA)

https://www.cynergybank.co.uk/personal-savings/online-isa/online-isa-issue-19/

bristolleedsfan

Skipton offering new 30 month 1.70% fix - Issue 178 https://www.skipton.co.uk/savings/fixed-rate-isas minimum £10000

Best 2 year fix 1.55% https://saversfriend.co.uk/charts/2-year-fixed-isa-savings-accounts

gwapenut

I'm fortunate enough to be entering the final year of a 3 year Barclays fixed 1.7% ISA which allows topups each year, which is effectively 1.7% for a 1 year fix.

Decent though the Skipton rate is, given its duration, I think with the current trajectory of interest rates it may be worth considering opening a nominal fully flexible ISA to keep allowances intact, with the hope that instant access rates may hit 1.7% later this year, and using a flexible ISA withdrawal to grab those rates.

Equally, the Skipton rate is decent enough for low hassle and not too long a lockin to make it a finely balanced decision.