Cash ISAs: The Best Currently Available List

savit4l8er

Looks like the YBS 4.4% 3 year has been withdrawn. 

alternate

ISA rates are a bit a-typical as competition only really kicks in at the start of the new financial year.

refluxer

Both MSE and Moneyfacts have the Hodge Bank 3 year fixed rate cash ISA down as 4.3% for some reason (and Savings Champion don't list it at all) but I can confirm that it's still currently 4.65%, as I've just opened one. Makes me wonder whether they've had a heads-up that the rate is about to drop ?

As this is one of the highest-paying cash ISAs (of any type or duration) currently available, I guess it may not last long, especially considering the Yorkshire pulled their 4.40% 3 year fix earlier today. I rarely fix for more than a year or two, so this is a bit of a gamble for me  

Account application to Hodge as a new customer was seamless for me. They do accept transfers in (at the time of application) but they aren't part of the BACs ISA transfer service so you'll have to post off a form if you want to transfer in from elsewhere. I'm paying in my 2022-2023 allowance, so this isn't an issue for me.

cricidmuslibale

alternate said:

ISA rates are a bit a-typical as competition only really kicks in at the start of the new financial year.

That’s certainly been true for some financial years ever since ISAs were first introduced (when the annual cash ISA limit was only £3000 I think) but there have also been other financial years where competition has really kicked in just over a month before the end of the final year. (End of February / Start of March)

This heating up of the cash ISA market towards the end of the financial year often happened, I seem to recall, during the first few ISA years; in more recent years, partly due to a very low interest rate environment up until recently, it has happened far less often, admittedly.

intalex

refluxer said:

Both MSE and Moneyfacts have the Hodge Bank 3 year fixed rate cash ISA down as 4.3% for some reason (and Savings Champion don't list it at all) but I can confirm that it's still currently 4.65%, as I've just opened one. Makes me wonder whether they've had a heads-up that the rate is about to drop ?

As this is one of the highest-paying cash ISAs (of any type or duration) currently available, I guess it may not last long, especially considering the Yorkshire pulled their 4.40% 3 year fix earlier today. I rarely fix for more than a year or two, so this is a bit of a gamble for me  

Account application to Hodge as a new customer was seamless for me. They do accept transfers in (at the time of application) but they aren't part of the BACs ISA transfer service so you'll have to post off a form if you want to transfer in from elsewhere. I'm paying in my 2022-2023 allowance, so this isn't an issue for me.

Rate dropped now, lasted less than 24hrs...

refluxer

intalex said:

refluxer said:

Both MSE and Moneyfacts have the Hodge Bank 3 year fixed rate cash ISA down as 4.3% for some reason (and Savings Champion don't list it at all) but I can confirm that it's still currently 4.65%, as I've just opened one. Makes me wonder whether they've had a heads-up that the rate is about to drop ?

As this is one of the highest-paying cash ISAs (of any type or duration) currently available, I guess it may not last long, especially considering the Yorkshire pulled their 4.40% 3 year fix earlier today. I rarely fix for more than a year or two, so this is a bit of a gamble for me  

Account application to Hodge as a new customer was seamless for me. They do accept transfers in (at the time of application) but they aren't part of the BACs ISA transfer service so you'll have to post off a form if you want to transfer in from elsewhere. I'm paying in my 2022-2023 allowance, so this isn't an issue for me.

Rate dropped now, lasted less than 24hrs...

Wow - talk about getting in at the last minute. I've been wanting a good rate for my 2022-23 allowance for a while now and actually went online late last night when I spotted that new, lower rate quoted, as I thought that might happen.

That seems to confirm that some of the savings price comparison sites do get a heads-up in advance of rate increases or decreases.

Interestingly, even 4.3% keeps Hodge Bank in the top table for 3 year fixed rate ISAs so I guess they could afford to drop it.

tsmiggy54

Not sure if this is correct place to ask this question. If i opened a Easy Access Isa, but failed to deposit any money into it. What would happen to the account. 

Would the fact, that i not deposited any money into the account, then could i just go ahead and open another. 

Ocelot

Silly question: If I opened an ISA last week, the product is no longer available, and a transfer is currently going through, is the rate still honoured?  

Also, if you are still within the funding window, and the product has been withdrawn, are you able to still transfer other ISAs to the old rate?

MDMD

Ocelot said:

Silly question: If I opened an ISA last week, the product is no longer available, and a transfer is currently going through, is the rate still honoured?  

Also, if you are still within the funding window, and the product has been withdrawn, are you able to still transfer other ISAs to the old rate?

It depends on the specific terms of the product. Who is it with and what was the product?

I opened the 4.4% one last week with YBS that allows no new subscriptions post withdrawal but oddly permits transfers for 14 days.

Consumerist

tsmiggy54 said:

Not sure if this is correct place to ask this question. If i opened a Easy Access Isa, but failed to deposit any money into it. What would happen to the account. 
Would the fact, that i not deposited any money into the account, then could i just go ahead and open another. 

As long as you only fund (add new money to) one account in any financial year, you won't break the ISA rules.