Cash ISAs: The Best Currently Available List

rawy

bristolleedsfan said:

rawy said:

SnowMan said:

Some very good Cumberland Building Society fixed rate ISA accounts available to open in branch. They state

This account is available to open at any Cumberland branch, for customers who live in our operating area

1 year fixed rate ISA: 4.25% AER (90 day penalty for transferring to another ISA during the term)

2 year fixed rate ISA: 4.75% AER (90 day penalty for transferring to another ISA during the term)

5 year fixed rate ISA: 5.05% AER (180 day penalty for transferring to another ISA during the term)

https://www.cumberland.co.uk/savings/isa#one

edit:

Been into a branch and in practice it's impossible to open one of these accounts. You can only open one with a face to face or telephone appointment.

And they don't have any appointments available until around 20th December and that's a telephone appointment. And then even though the branch was virtually empty they don't have any face to face appointments available at all at any time. And if the accounts above are gone at that time you don't get these rates even if you specify which account you are interested in.

So consider this misleading advertising by the Cumberland.

I had a telephone appointment today which I booked 12 days ago & managed to get one opened.

Is that application form signed and fixed term rate funded ?

Yes got application form emailed to me after appointment, printed out, signed & returned via email this afternoon.  Got a txt message late afternoon with my account number for transfer,  informing me I have 10 days to fund.

Got in by the skin of my teeth.

Rawy

bristolleedsfan

rawy said:

bristolleedsfan said:

rawy said:

SnowMan said:

Some very good Cumberland Building Society fixed rate ISA accounts available to open in branch. They state

This account is available to open at any Cumberland branch, for customers who live in our operating area

1 year fixed rate ISA: 4.25% AER (90 day penalty for transferring to another ISA during the term)

2 year fixed rate ISA: 4.75% AER (90 day penalty for transferring to another ISA during the term)

5 year fixed rate ISA: 5.05% AER (180 day penalty for transferring to another ISA during the term)

https://www.cumberland.co.uk/savings/isa#one

edit:

Been into a branch and in practice it's impossible to open one of these accounts. You can only open one with a face to face or telephone appointment.

And they don't have any appointments available until around 20th December and that's a telephone appointment. And then even though the branch was virtually empty they don't have any face to face appointments available at all at any time. And if the accounts above are gone at that time you don't get these rates even if you specify which account you are interested in.

So consider this misleading advertising by the Cumberland.

I had a telephone appointment today which I booked 12 days ago & managed to get one opened.

Is that application form signed and fixed term rate funded ?

Yes got application form emailed to me after appointment, printed out, signed & returned via email this afternoon.  Got a txt message late afternoon with my account number for transfer,  informing me I have 10 days to fund.

Got in by the skin of my teeth.

Rawy

Thanks for info particularly the procedure they operate for furnishing customer with funding account numbers.

I had telephone appointment last Thursday, application form sent by post as I do not have a printer, advisor replied to me this afternoon by secure email message to say hopefully it will arrive after two more delivery working days if not it can be re-sent.

Tom_Hendo

rawy said:

bristolleedsfan said:

rawy said:

SnowMan said:

Some very good Cumberland Building Society fixed rate ISA accounts available to open in branch. They state

This account is available to open at any Cumberland branch, for customers who live in our operating area

1 year fixed rate ISA: 4.25% AER (90 day penalty for transferring to another ISA during the term)

2 year fixed rate ISA: 4.75% AER (90 day penalty for transferring to another ISA during the term)

5 year fixed rate ISA: 5.05% AER (180 day penalty for transferring to another ISA during the term)

https://www.cumberland.co.uk/savings/isa#one

edit:

Been into a branch and in practice it's impossible to open one of these accounts. You can only open one with a face to face or telephone appointment.

And they don't have any appointments available until around 20th December and that's a telephone appointment. And then even though the branch was virtually empty they don't have any face to face appointments available at all at any time. And if the accounts above are gone at that time you don't get these rates even if you specify which account you are interested in.

So consider this misleading advertising by the Cumberland.

I had a telephone appointment today which I booked 12 days ago & managed to get one opened.

Is that application form signed and fixed term rate funded ?

Yes got application form emailed to me after appointment, printed out, signed & returned via email this afternoon.  Got a txt message late afternoon with my account number for transfer,  informing me I have 10 days to fund.

Got in by the skin of my teeth.

Rawy

Do you live in the catchment area? I assumed I couldnt apply because I was outside this area

bristolleedsfan

Cumberland B.S - Available to Locals (Cumbria (all CA and LA), SW Scotland (all DG and TD9), W Northumberland (NE45 - NE49), N Lancashire (all PR, FY, LA and BB1-2 and BB5-7)

rawy

Tom_Hendo said:

rawy said:

bristolleedsfan said:

rawy said:

SnowMan said:

Some very good Cumberland Building Society fixed rate ISA accounts available to open in branch. They state

This account is available to open at any Cumberland branch, for customers who live in our operating area

1 year fixed rate ISA: 4.25% AER (90 day penalty for transferring to another ISA during the term)

2 year fixed rate ISA: 4.75% AER (90 day penalty for transferring to another ISA during the term)

5 year fixed rate ISA: 5.05% AER (180 day penalty for transferring to another ISA during the term)

https://www.cumberland.co.uk/savings/isa#one

edit:

Been into a branch and in practice it's impossible to open one of these accounts. You can only open one with a face to face or telephone appointment.

And they don't have any appointments available until around 20th December and that's a telephone appointment. And then even though the branch was virtually empty they don't have any face to face appointments available at all at any time. And if the accounts above are gone at that time you don't get these rates even if you specify which account you are interested in.

So consider this misleading advertising by the Cumberland.

I had a telephone appointment today which I booked 12 days ago & managed to get one opened.

Is that application form signed and fixed term rate funded ?

Yes got application form emailed to me after appointment, printed out, signed & returned via email this afternoon.  Got a txt message late afternoon with my account number for transfer,  informing me I have 10 days to fund.

Got in by the skin of my teeth.

Rawy

Do you live in the catchment area? I assumed I couldnt apply because I was outside this area

Yes I'm in the catchment area but was quicker to get an appointment over the phone than go in branch.

Cheers 

Rawy

pecunianonolet

The Family Building Society 1 year fix for 3.8% is now gone as well. Was only considering it yesterday and been busy all day and now seen it's gone grrr

Stompa

Cynergy Bank Online ISA (Issue 27) now available at 2.50%.

https://www.cynergybank.co.uk/personal-savings/online-isa/online-isa-issue-27/

cricidmuslibale

Stompa said:

Cynergy Bank Online ISA (Issue 27) now available at 2.50%.

https://www.cynergybank.co.uk/personal-savings/online-isa/online-isa-issue-27/

Currently available easy access interest rates for both ISA and non-ISA accounts seem generally at the moment to be converging at about 0.5% lower than the Bank of England base rate of 3%.

My question is:- Why are currently available easy access interest rates generally converging at c.2.50% and not closer to or at 3% at the present time?

Consumerist

cricidmuslibale said:
My question is:- Why are currently available easy access interest rates generally converging at c.2.50% and not closer to or at 3% at the present time?

Financial institutions can borrow from BoE at 3% so paying savers 2.5% is cheaper. Only intense competition for savers' money is likely to close the margin, I would say.

cricidmuslibale

Consumerist said:

cricidmuslibale said:
My question is:- Why are currently available easy access interest rates generally converging at c.2.50% and not closer to or at 3% at the present time?

Financial institutions can borrow from BoE at 3% so paying savers 2.5% is cheaper. Only intense competition for savers' money is likely to close the margin, I would say.

Fair enough, but when the B of E base rate was 2.25% back in late September and October, leaving aside Santander, Cynergy and Sainsburys who went out on a limb by offering 2.75% to both new and existing customers for a short time, there were quite a few easy access accounts, both ISAs and non ISAs, either matching or slightly exceeding this 2.25% interest rate.
   The only ‘easy access’ accounts that are presently matching the current 3% base rate are Aldermore’s double access saver (only available to existing customers currently), HSBC’s Online Bonus Saver (for months where no withdrawals are made) and Virgin Money’s exclusive flexible cash ISA (only available to their current account customers).

So why has the latest B of E base rate of 3% not generally been acknowledged by banks and building societies in respect to their current easy access savings interest rates in the way that the previous base rate of 2.25% was? Any ideas, please?