Cash ISAs: The Best Currently Available List

Gambler

2010 said:

Gambler said:

I have an ISA with Coventry so want to transfer to the new ISA account at 1.85%. When filling in the application it states that I am applying for the 2022/23 tax year but I don't want to add this years allowance to Coventry, I want it to go elsewhere.

Am I okay to do this?


Thanks

Yes, you can open as many ISA`s this year as you like but you can only put this year`s allowance (£20k) into one of them. Other ISA`s you open can be transferred into but no new money.

Many thanks for this. I was surprised how easy it was to also transfer online with Coventry.

I did similar with YBS a few months back and it took weeks to transfer to the new account as you had to complete a form and post it! Couldn't believe it in this day and age.

Consumerist

Gambler said:

. . . and it took weeks to transfer to the new account as you had to complete a form and post it! Couldn't believe it in this day and age.

That is the point at which I cancel an application within the 14-day cooling-off period. The same applies if they are not able to verify my ID electronically.

isasmurf

YBS are now matching Santander's rates for 1 & 2 year ISAs and have a market leading 3yr ISA

All these YBS ISAs mature 31 October in their maturity year and require a min £100 deposit
1 yr 3.00% (60 day early withdrawal penalty) 
2 Yr 3.25% (120 day ew penalty) 
3 Yr 3.50% (180 day ew penalty) 

zxspeccy

Ford Money have increased their Flexible Cash ISA from 1.50% to 1.65%, no changes with their Fixed Cash ISAs.

Consumerist

I was disappointed that Santander required a paper transfer form to be printed, completed and posted in order to transfer-in a maturing ISA. Fortunately, no such nonsense required to transfer-in to Virgin's 1yr FRISA at 3.02% AER.

refluxer

Consumerist said:

I was disappointed that Santander required a paper transfer form to be printed, completed and posted in order to transfer-in a maturing ISA. Fortunately, no such nonsense required to transfer-in to Virgin's 1yr FRISA at 3.02% AER.

That's odd - who was the old ISA with ? If they aren't part of the online ISA transfer scheme, then I thought a paper form would be required no matter who you transfer it to.

Silverbird65

I was able electronically xfer via the Santander website you apply for ISA then fill in xfer form. 

Consumerist

refluxer said:

Consumerist said:

I was disappointed that Santander required a paper transfer form to be printed, completed and posted in order to transfer-in a maturing ISA. Fortunately, no such nonsense required to transfer-in to Virgin's 1yr FRISA at 3.02% AER.

That's odd - who was the old ISA with ? If they aren't part of the online ISA transfer scheme, then I thought a paper form would be required no matter who you transfer it to.

The maturing ISA is/was with Virgin Money. In any event, it wouldn't have mattered - there was no option to transfer-in an existing ISA during the application process.

Silverbird65

Should be ok to xfer electronically

2010

Consumerist said:

refluxer said:

Consumerist said:

I was disappointed that Santander required a paper transfer form to be printed, completed and posted in order to transfer-in a maturing ISA. Fortunately, no such nonsense required to transfer-in to Virgin's 1yr FRISA at 3.02% AER.

That's odd - who was the old ISA with ? If they aren't part of the online ISA transfer scheme, then I thought a paper form would be required no matter who you transfer it to.

The maturing ISA is/was with Virgin Money. In any event, it wouldn't have mattered - there was no option to transfer-in an existing ISA during the application process.

There was from the confirmation email.

From an existing ISA with another provider 

Simply complete and submit the relevant ISA transfer form available on our faq page.

You could have filled it in online and there was a drop down box to select where you wanted to transfer from and Virgin Money was one of the options.
I think the list included all those providers who are signed up to the ISA Bacs transfer syatem.