Cash ISAs: The Best Currently Available List

googlewak

Kazza242 wrote: »

Hi, welcome to MSE.

Check out the first post in this thread, here for other mini cash ISA options.

As many ISAs will allow you to operate them online you don't really need to keep all of your savings with one bank. Nowadays, it's more straightforward for people who have internet access, to manage multiple accounts from different financial institutions. So don't be put off of going for a better option, as the idea of moneysaving is to maximise your interest.

The NS&I and Egg cash ISAs are worth a look as well as the Yorkshire BS and Principality BS e-ISAs, which are all currently paying 6.05%.

Thanks for tha reply Kazza

Kazza242

The first post of this thread has been updated to include the 6.55% Halifax 1 Year Fixed Rate ISA (for balances totalling £30,000 or above) and their 4 year Fixed Rate ISA paying 6.50%.

Another update to the the first post will be made at the weekend.

Lyrrad

Hi

Im trying to help out my sister who has about 28k in an Barclays ISA at around 5.5 (seems too generous from them to me). She doesn't quite qualify for 1 year fix with Halifax at 6.55%.


When playing with someone elses money it's a bit too easy to get carried away.

Obviously it's always just opinion, but I am a little concerned that Kent Relience's next move will be down.

As my sister is happy to fix for a period of time, and will never need the money in either a 1 or 2 year term is there anything else anyone would care to suggest I should be considering.


If I get sister to swap to Halifax now at 6.25 fixed 1 year, what happens when she adds another 3k in Apr and goes through the 30k needed to qualify for the extra 0.3%. How does that work?

I am thinking about getting her to change to Kent Reliance and see what's available in April. However I'm not too sure about how the Halifax senario will pan out if they get the 28k now

Snow_Dog

Ruffler rate dropped 17/12/07 to 6.14% gross aer.

Keep up the good work Kazza!

tipsychick

Lyrrad wrote: »

Obviously it's always just opinion, but I am a little concerned that Kent Relience's next move will be down.

With the last five successive interest rate rises, Kent Reliance have had a meeting at the end of the month and increased their rates in line with the Bank of England.

I don't know what they do when rates drop but might be worth waiting until the end of the month to find out!

Snow_Dog

Also the link to Derbyshires 2 year 6.3% fixed still works but if you try to find it from their main site links its not there. (Or at least I couldn't see it anyway, only the std isa and the 55+ isa).

Kazza242

Snow_Dog wrote: »

Also the link to Derbyshires 2 year 6.3% fixed still works but if you try to find it from their main site links its not there. (Or at least I couldn't see it anyway, only the std isa and the 55+ isa).

Yes, I see what you mean. Oddly, they haven't added to the 'accounts no longer available' section of the site as yet.

agal

Special_Saver2 wrote: »

Anybody interested in a really long fixed rate cash ISA? Halifax are offering 6.50% on a 4 year fix which allows transfers in, minimum £3,000.

See here.
.

Has anyone managed to open of these using a previous years transfer? When I click the transfer your existing ISA subscription to us link I get




Problem Loading Page

https://www.halifax.co.uk:443/savings/isasexplained.shtml

Unfortunately the page you requested was not available.
I hate not being able to do things on-line :mad:

obsessed_saver

Lyrrad wrote: »

I am thinking about getting her to change to Kent Reliance and see what's available in April. However I'm not too sure about how the Halifax senario will pan out if they get the 28k now

Fixed rates are that - fixed. Once you put something in a fixed deposit, that amount is fixed together with the interest rate. You can't add any more to that fixed deposit. If you want to put another 3k later, it will be a separate fixed deposit.

Milarky

Apparently Halifax's fixed rate ISAs are only guaranteed if transferring in from another Halifax ISA. If you wish to transfer in from a different provider (and you would ask Halifax to request the transfer-in for you) the rate you will get will be the rate(s) they are offering on the date they 'receive the money'. You are therefore taking a risk when asking for this service, although you would have 14 days to request a cancellation if you changed your mind should the rates drop. See here

[FONT=Arial, Helvetica]Transferring to a fixed rate ISA[/FONT][FONT=Arial, Helvetica]
If you ask to transfer to our fixed rate ISA, interest rates may change before the transfer has been completed.[/FONT]

Do other providers of fixed rate offers not actually guarantee the fixed rate when you first apply?

Update 21 Dec
I've spoken to Yorkshire BS who say the rate on the 'Anniversary Fixed Rate' bond account is guaranteed for 30 days from the time of applying. (Happy if anyone else could confirm?) and so either you get the ISA rate offered (currently 6.35%) OR it lapses. But that is unlikely and, since the transferrer would then have exceeded the 30 days allowed by regulations, they could be asked for the difference in the fixed rate. (A bit speculative, that, but I suspect if you pushed you would get)