Cash ISAs: The Best Currently Available List

refluxer

Hammer_Time said:

That’s a good idea, I didn’t think about opening two ISA.

As I said, I don't know for definite that you wouldn't get two vouchers by putting both into one Santander ISA but I wouldn't be surprised if you don't. Contact Santander to find out for sure, though.

I tend to keep the majority of my Cash ISAs from different tax years separate anyway as it gives more flexibility when chasing the best rates and works well when taking fixed rates out at different times of the year or for varying lengths of time, when adopting a 'ladder' system. You also don't have to worry about any 'partial' withdrawal/transfer issues or limitations as transfers are always for the full balance. Keeping ISA allowances from different tax years separate takes more organising though, which I can appreciate isn't for everyone.

isasmurf

Santander down to 2nd best as Virgin reacts with new rates
1 year 3.02%
2 year 3.27%

Frogletina

isasmurf said:

Santander down to 2nd best as Virgin reacts with new rates
1 year 3.02%
2 year 3.27%

Just as I've opened and arranged a transfer to the Santander account! However, the difference between the two is a lot less than the £50 voucher I should be getting.

I know that there will be better Isas to follow, but I didn't want my matured isa earning half this amount while waiting for a better fixed rate to come along.

However  I have opened this new virgin isa as there is a window of 30 days during which I can transfer other isa money.

I've a collection of empty Virgin isas - it's my new hobby!

2010

isasmurf said:

Santander down to 2nd best as Virgin reacts with new rates
1 year 3.02%
2 year 3.27%

Virgin 1 year gains you £4 over Santander on £20k and only 60 days loss of interest on money withdrawn but can`t be put back in.
Santander gives you a £50 voucher on a tranfer over £10k but 120 days lost of interest on early closure.

Kazza242

I have added some new fixed rates ISAs to the thread from Castle Trust Bank, Charter Bank, Close Brothers, Hodge Bank, UBL UK and Virgin Money.  

The first post has been updated.

Expotter

New Coventry Building Society cash ISA, Limited Access ISA (Online) (3) 1.85%, flexible and allows transfers, annual or monthly paid interest.
Also Castle Trust Bank Fixed Rate 1 Year e-Cash ISA, 3.15% Min £1k

refluxer

Great to see the rates for fixed rate Cash ISAs catching up to their non-ISA equivalents. The best 1 year fixed rate ISA is now twice what it was 4 months ago.

roked

2010 said:

isasmurf said:

Santander down to 2nd best as Virgin reacts with new rates
1 year 3.02%
2 year 3.27%

Virgin 1 year gains you £4 over Santander on £20k and only 60 days loss of interest on money withdrawn but can`t be put back in.
Santander gives you a £50 voucher on a tranfer over £10k but 120 days lost of interest on early closure.

Unless I am misreading it, a key difference here too is that Virgin requires a fresh deposit for this tax year and Santander does not, might be a key factor for anyone with the 1 new cash isa per year rule.

refluxer

roked said:

2010 said:

isasmurf said:

Santander down to 2nd best as Virgin reacts with new rates
1 year 3.02%
2 year 3.27%

Virgin 1 year gains you £4 over Santander on £20k and only 60 days loss of interest on money withdrawn but can`t be put back in.
Santander gives you a £50 voucher on a tranfer over £10k but 120 days lost of interest on early closure.

Unless I am misreading it, a key difference here too is that Virgin requires a fresh deposit for this tax year and Santander does not, might be a key factor for anyone with the 1 new cash isa per year rule.

Virgin allow transfers in - you don't have to fund the ISA with cash from this year's allowance.

2010

refluxer said:

roked said:

2010 said:

isasmurf said:

Santander down to 2nd best as Virgin reacts with new rates
1 year 3.02%
2 year 3.27%

Virgin 1 year gains you £4 over Santander on £20k and only 60 days loss of interest on money withdrawn but can`t be put back in.
Santander gives you a £50 voucher on a tranfer over £10k but 120 days lost of interest on early closure.

Unless I am misreading it, a key difference here too is that Virgin requires a fresh deposit for this tax year and Santander does not, might be a key factor for anyone with the 1 new cash isa per year rule.

Virgin allow transfers in - you don't have to fund the ISA with cash from this year's allowance.

If you have already used this current years allowance you can still transfer that in, can`t you?