Cash ISAs: The Best Currently Available List

Ocelot

MDMD said:

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Also, if you are still within the funding window, and the product has been withdrawn, are you able to still transfer other ISAs to the old rate?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

Hi. Yes, it is a 4.4% 3 year fixed YBS one. Just found out the first transfer has already gone through (in 2 days), so will see if I can transfer 2 others, as the 'Transfer in' button is still active online.

savit4l8er

MDMD said:

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Also, if you are still within the funding window, and the product has been withdrawn, are you able to still transfer other ISAs to the old rate?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

Perhaps to allow time to get things in order for all parties where as taking in new cash is easily stopped.  Have you seen the 14 days written somewhere.  When I called, I was told it was longer than that even after product withdrawal but I wouldn't rely on it.
It was around a while, surprised it didn't get more mentions, a nice overall package. 

MDMD

savit4l8er said:

MDMD said:

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Also, if you are still within the funding window, and the product has been withdrawn, are you able to still transfer other ISAs to the old rate?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

Perhaps to allow time to get things in order for all parties where as taking in new cash is easily stopped.  Have you seen the 14 days written somewhere.  When I called, I was told it was longer than that even after product withdrawal but I wouldn't rely on it.
It was around a while, surprised it didn't get more mentions, a nice overall package. 

Yes, it’s in the product documentation in the “ How do I open and manage my account?” section.

https://www.ybs.co.uk/documents/productdata/Factsheet-YB291660W.pdf

savit4l8er

MDMD said:

savit4l8er said:

MDMD said:

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.

Perhaps to allow time to get things in order for all parties where as taking in new cash is easily stopped.  Have you seen the 14 days written somewhere.  When I called, I was told it was longer than that even after product withdrawal but I wouldn't rely on it.
It was around a while, surprised it didn't get more mentions, a nice overall package. 

Yes, it’s in the product documentation in the “ How do I open and manage my account?” section.

https://www.ybs.co.uk/documents/productdata/Factsheet-YB291660W.pdf

That's extremely helpful and appreciated.  I think it was withdrawn on 25th so I take it that means requests can be made up to 14 days after that. 👍

Rich2808

I am a little confused by the YBS three year fixed rate ISA terms - as when I opened it I got an email from them immediately confirming it was open and saying I had 42 days to make my first deposit. Did anyone else get that email?

It rather contradicts the terms on the website - but having sent that I presume they would have to honour what was stated in their own email confirmation - if that became an issue for anyone!

Under the current terms you could in theory have opened the account on the last day - and made a bank transfer that arrived the next day and it would be declined as the product has closed.

I am only making an internal transfer to it anyway - so should have no issues with the 15 days re transfers. But do you in fact have 42 days still to make payments in?

Are people seriously supposed to check daily to see when YBS have withdrawn a product to know if they can still pay into it - when the account has been opened. Why not just say you have 28 days or even 42 - to avoid this issue.

savit4l8er

Rich2808 said:

I am a little confused by the YBS three year fixed rate ISA terms - as when I opened it I got an email from them immediately confirming it was open and saying I had 42 days to make my first deposit. Did anyone else get that email?

It rather contradicts the terms on the website - but having sent that I presume they would have to honour what was stated in their own email confirmation - if that became an issue for anyone!

Under the current terms you could in theory have opened the account on the last day - and made a bank transfer that arrived the next day and it would be declined as the product has closed.

I am only making an internal transfer to it anyway - so should have no issues with the 15 days re transfers. But do you in fact have 42 days still to make payments in?

Are people seriously supposed to check daily to see when YBS have withdrawn a product to know if they can still pay into it - when the account has been opened. Why not just say you have 28 days or even 42 - to avoid this issue.

Well following from my post above where I said they gave a longer term than 14 days, 42 is what they said. Coming off the call I almost dismissed it as wrong or I heard wrong. 
There is probably an answer to this, could be 42 days if the product is still available but I was talking to them as if withdrawn. I could go digging but I think I will rely on the 14 days. Have you seen that link above provided by MDMD?
I didn't get the email either, they have the correct details.

At least you know your not alone 😊

gt94sss2

If you open an instant access account with YBS, they give you 42 days to start using/fund the account or they automatically close it.

I can't imagine they would have such a long period to fund a fixed rate account though..

Ocelot

Have initiated the transfer of 2 more low-paying ISAs to the YBS 4.4% one, and they still seem to have allowed me to initiate the process.

savit4l8er

Ocelot said:

Have initiated the transfer of 2 more low-paying ISAs to the YBS 4.4% one, and they still seem to have allowed me to initiate the process.

Thank you for the update. 

J63320

I opened a YBS 3 year ISA online on Thursday evening (24th Nov). Tried to fund by transfer during opening process, but other provider’s account number rejected - one of those long ones and I didn’t realise I needed to use only the first 8 digits. Not an existing customer so need to wait for customer number in the post before I can log in. Got email saying account open and 42 days to fund, but that deposits made after the product withdrawn from sale would be returned.
I have just called YBS this morning (28th) and been told I now have until Dec 9th - that’s the 14 days - but that I can initiate a transfer by downloading the form from their website and sending it in, without waiting for a customer number. Also, if in the mean time I receive my customer number by post I can log in and do it online as well and it will only be processed once.