Cash ISAs: The Best Currently Available List

System

Another test.

refluxer

Not much movement on the ISA rates today but a few changes that caught my eye were...

• Sainsburys have increased their Easy Access Cash ISA to 0.95% on balances of over £500 (which takes them to the top of the MSE Easy Access table as of today)

• Shawbrook have increased the rate of their latest Easy Access Cash ISA (Issue 20) from 0.85 to 0.92% (increase has been automatically applied to existing Issue 20 owners)

• The best 1 Year Fixed Rate Cash ISA is now 1.40% with Shawbrook

1 Year Fixed Rate ISAs are obviously still lagging behind their non-ISA counterparts, but have been rising steadily this year. They were as low as 0.95% back in mid-January and this time last year the best rate was 0.45%

dosh37

466 pages of replies to this thread, going back as far as 2007. That's 15 years!

Most are now irrelevant.

Methinks it's time to purge.

2010

dosh37 said:

466 pages of replies to this thread, going back as far as 2007. That's 15 years!

Most are now irrelevant.

Methinks it's time to purge.

The most interesting thing is (no pun), if you look back at the very first post, the rates are about what they are now.
So 15 years of crap rates and savers being kicked up the ar*e.

dosh37

2010 said:

dosh37 said:

466 pages of replies to this thread, going back as far as 2007. That's 15 years!

Most are now irrelevant.

Methinks it's time to purge.

The most interesting thing is (no pun), if you look back at the very first post, the rates are about what they are now.
So 15 years of crap rates and savers being kicked up the ar*e.

It took me a long time to realise that long term saving with institutions such as building societies etc. is a mugs game.

It's a bit like gambling in a casino. The odds are always stacked in favour of the house.

In the longer trem, savings rates always lag behind other investments - especially when taking into account inflation.

Instead of teaching things in schools that most of us never use in real life (e.g. differential equations) they should teach about the real world - how to survive and make money.

Just ask Rishi Sunak - now worth hurndreds of millions through hedge funds.

Paul_Herring

2010 said:

The most interesting thing is (no pun), if you look back at the very first post, the rates are about what they are now.
So 15 years of crap rates and savers being kicked up the ar*e.

I rather think that's because that first post is updated regularly with current data. I don't think this particular sentence, for example, would have been in that post in 2007:

The current Cash ISA limit is £20,000 for the 2022/23 tax year.

Patr100

2010 said:

dosh37 said:

466 pages of replies to this thread, going back as far as 2007. That's 15 years!

Most are now irrelevant.

Methinks it's time to purge.

The most interesting thing is (no pun), if you look back at the very first post, the rates are about what they are now.
So 15 years of crap rates and savers being kicked up the ar*e.

As said, the first post is updated so shows current rates.
Historically rates were higher but plummeted to current low levels by the time of the 2008/9 crash and yes, are pretty much still where they were back then.

_Suze

I remember when this thread was created I was a regular here then! It's been a few years since I last logged in so I think my account was deleted when they updated the forum. But I still get e-mail notifications whenever there's a new post on the thread!

Easy no-penalty access savings rates were at least 5% when Kazza created the thread. I remember when 5% was considered low, and the norm was around 6.25%. Some national chains were doing 12% regular savers.

masonic

Yes, it was useful even after the global financial crisis. Anyone remember the Newcastle BS 5% ISA launched in mid-2009 because they were desperate? That carried me through some tough years for interest rates.

Kazza242

Hello everyone.

Yes, I created this thread in 2007! I had the idea one day and here we are.

I update the first post frequently, as there are numerous ISA changes everyday.

The Fixed rate and variable ISA rates continue to increase following the recent changes in Bank of England base rate.

The first post has been updated.