Cash ISAs: The Best Currently Available List

polymaff

Kazza242 said:

Cash ISAs: The Best Currently Available List

Any chance of adding APS Cash ISAs to your list?

"If your late spouse or civil partner held an ISA and died on or after 3 December 2014, you will inherit an additional ISA allowance called the Additional Permitted Subscription (APS) ISA allowance. The APS ISA allowance allows you to make contributions up to the value of your spouse or civil partner's ISA holding when he or she died."

masonic

polymaff said:

Kazza242 said:

Cash ISAs: The Best Currently Available List

Any chance of adding APS Cash ISAs to your list?

"If your late spouse or civil partner held an ISA and died on or after 3 December 2014, you will inherit an additional ISA allowance called the Additional Permitted Subscription (APS) ISA allowance. The APS ISA allowance allows you to make contributions up to the value of your spouse or civil partner's ISA holding when he or she died."

They're generally best held for the shortest time possible, as they aren't competitive. Tactics should be to open the one most convenient to you and transfer out ASAP after using the APS. Technically an APS can be used within any ISA, although providers tned to restrict this to certain designated products. Am I missing something?

Marmaduke123

I used the Skipton Building Society Legacy Cash Isa to receive my APS allowance. They were pretty efficient, as was my late husband's  former provider. I think the rate is 1.6% at the moment. I transferred it out quite quickly to get a better rate. There aren't many ISA providers willing to accept APS allowances.

Kazza242

Santander have launched some fantastic new fixed rate ISAs:

1 Year: 3.00%
18 Month: 3.10%
2 Year: 3.25%

The fixed ISA rates continue to edge up.  They have all been updated, but as things are moving fast, please bear with me.  

The first post has been updated.

2010

Kazza242 said:

Santander have launched some fantastic new fixed rate ISAs:

1 Year: 3.00%
18 Month: 3.10%
2 Year: 3.25%

The fixed ISA rates continue to edge up.  They have all been updated, but as things are moving fast, please bear with me.  

The first post has been updated.

Are these ISA available if you don`t already have an account with Santander?

Kazza242

2010 said:

Kazza242 said:

Santander have launched some fantastic new fixed rate ISAs:

1 Year: 3.00%
18 Month: 3.10%
2 Year: 3.25%

The fixed ISA rates continue to edge up.  They have all been updated, but as things are moving fast, please bear with me.  

The first post has been updated.

Are these ISA available if you don`t already have an account with Santander?

You don't need to be an existing Santander customer to open these ISAs.

refluxer

Considering how poor their other product rates are, I'm sure I'm not the only one scouring the T&Cs for that suspiciously-good 1 year Santander ISA product, looking for a catch ?!

It would seem like some of the high-street building societies are upping their game a little, at least with respect to their fixed rate ISAs. That 1 year fix with Santander is way ahead of the previous best rate (2.65%) and I've also just this morning received a Nationwide 18 month FRISA maturity letter offering a 2.75% fix for a year.

Nationwide don't seem to have any fixed rate ISAs available on their site at the moment but, as their 18 month member-exclusive FRISA was a decent option 18 months ago (a good rate at the time plus £50 cashback for transferring in) and widely discussed here, I suspect there will be many forum members who might be interested in this decent rate if they don't want to transfer elsewhere. 

Expotter

Santander's new easy access eISA (Issue 15) is also quite good at 1.85%. Highest rate at the moment.

polymaff

masonic said:

polymaff said:

Kazza242 said:

Cash ISAs: The Best Currently Available List

Any chance of adding APS Cash ISAs to your list?

"If your late spouse or civil partner held an ISA and died on or after 3 December 2014, you will inherit an additional ISA allowance called the Additional Permitted Subscription (APS) ISA allowance. The APS ISA allowance allows you to make contributions up to the value of your spouse or civil partner's ISA holding when he or she died."

They're generally best held for the shortest time possible, as they aren't competitive. Tactics should be to open the one most convenient to you and transfer out ASAP after using the APS. Technically an APS can be used within any ISA, although providers tned to restrict this to certain designated products. Am I missing something?

Marmaduke123 said:

I used the Skipton Building Society Legacy Cash Isa to receive my APS allowance. They were pretty efficient, as was my late husband's  former provider. I think the rate is 1.6% at the moment. I transferred it out quite quickly to get a better rate. There aren't many ISA providers willing to accept APS allowances.

Thank you both.  Do I get this right, then?  Once you've opened one of the few ASP-accepting ISA, you can move the funds on to any ISA provider?

The only info I've found on ASP-accepting providers is:

https://www.which.co.uk/money/savings-and-isas/isas/cash-isas/can-you-inherit-an-isa-av3zk0s5ud6q

Right at the bottom of the page - but it isn't being updated.  That's where I thought that Kazza would excel..

Re-reading that article I see that :

"Once the [ASP] transfer has been made, the normal Isa rules apply and the money is treated as if it was previous years' subscriptions."   May address my above question?

Also,

"Do Isa providers have to accept APS payments?

In short, no they don't. Isa providers aren't obliged to accept APS allowances, so you may not be able to deposit inherited savings with the provider of your choosing."

So I try to find a easy-access ASP acceptor, or an equivalent account with the several providers with whom my late wife has/had current ISAs - then, asap, move the funds on to the best value accounts I can find?

Thanks again.

refluxer

Kazza242 said:

Santander have launched some fantastic new fixed rate ISAs:

1 Year: 3.00%
18 Month: 3.10%
2 Year: 3.25%

Thanks for the heads-up for this. I had a maturity ISA on a low rate that needed a new home and the £50 e-voucher (when transferring in £10k+) added to that 1 year 3% rate gives it an equivalent rate of 3.3% for me, so pretty close to the current best standard (non-ISA) 1 year fixed rate account.  

My first attempt at opening crashed, so I suspect they've got a bit of an influx at the moment. The second attempt was fine though - the application took about 5 minutes to fill out and was approved within minutes. Unfortunately, my existing ISA provider isn't on the list of those who can carry out transfers online, so I'll need to post off a paper form for this one.

Tor anyone else looking to transfer £10k+, the list of companies you can get the voucher made out to is a pretty generous list of common online retailers like Amazon, high-street shops like Argos and Currys, as well as all the big supermarkets (Tesco, Sainsburys, Aldi etc) so not restrictive for most people, I would imagine.