Cash ISAs: The Best Currently Available List

2010

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.

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