Cash ISAs: The Best Currently Available List

kev1744

i have the virgin 1 year cash isa, as well as using the app for my banking. got to say after spending the best part of 2 hours trying to log into the site to view my isa ive now decided to move it to a different account. i find virgin banking app pretty good but having to log into a different site to view the isa and it not working more often than not i would rather move my money elsewhere just to save me having to use the useless online chat that they also have.

Aidanmc

kev1744 said:

i have the virgin 1 year cash isa, as well as using the app for my banking. got to say after spending the best part of 2 hours trying to log into the site to view my isa ive now decided to move it to a different account. i find virgin banking app pretty good but having to log into a different site to view the isa and it not working more often than not i would rather move my money elsewhere just to save me having to use the useless online chat that they also have.

I have Virgin Isa's but only use the website, don't use apps at all, and never have any issues logging in etc?

If you have a 1 year fix Isa you wouldn't need to look at it quite often though, until its end of fixed term.

You may not be able to transfer it to another provider if its a fixed rate isa.

jak22

The YBS fixed rate cash ISAs now seem to be 3.5% 1 YR (31/1/24)  3.75% 2 YR (31/1/25) 3.9% 3 YR (31/1/26) 

refluxer

Well I didn't see this one coming...

Barclays 1-Year Flexible Cash ISA @ 4.00%

• Fixed rate of 4.00% p.a. AER/tax-free2 for 1 year
• Make three free withdrawals, each one of up to 10% of your current balance
• Open with £1 (£0 for transfers-in) to £1 million
• Transfer-in your existing ISA for a limited period

.

alternate

That Barclays one is interesting but needlessly complicated.  Limited access is one thing but the 10% rule makes it a sort of 70-30 (actually less than 30) fixed saver/easy access hybrid.

jak22

There also seems to be a similar 2YR at 4.1% and 1YR/2YR with 0.1% more for Premier or Wealth Management customers

Its also good they explicitly say £0 to open if funding by transfer as this can be confusing if not familiar with ISA rules

bristolleedsfan

alternate said:

That Barclays one is interesting but needlessly complicated.  Limited access is one thing but the 10% rule makes it a sort of 70-30 (actually less than 30) fixed saver/easy access hybrid.

Fantastic terms for consumers who want best 1 year fixed rate currently available and do not want to make any withdrawals ... 

refluxer

bristolleedsfan said:

alternate said:

That Barclays one is interesting but needlessly complicated.  Limited access is one thing but the 10% rule makes it a sort of 70-30 (actually less than 30) fixed saver/easy access hybrid.

Fantastic terms for consumers who want best 1 year fixed rate currently available and do not want to make any withdrawals ... 

Yes, that's how I would look at it - 1 year year fix at 4% but with the bonus of access to some of it (if you needed money in an emergency) without penalty.

The other benefit for some is that you can add to it gradually throughout the year which you can't with a normal fixed rate ISA.

Tom_Hendo

refluxer said:

bristolleedsfan said:

alternate said:

That Barclays one is interesting but needlessly complicated.  Limited access is one thing but the 10% rule makes it a sort of 70-30 (actually less than 30) fixed saver/easy access hybrid.

Fantastic terms for consumers who want best 1 year fixed rate currently available and do not want to make any withdrawals ... 

Yes, that's how I would look at it - 1 year year fix at 4% but with the bonus of access to some of it (if you needed money in an emergency) without penalty.

The other benefit for some is that you can add to it gradually throughout the year which you can't with a normal fixed rate ISA.

Does it say about the gradually adding? I didnt see it, but it also doesn't list a window other than transfers in. 

Looks like a great account to me, might finally make the fixed ISA plunge 

jak22

Payments into the account
• Deposits up to the annual ISA subscription limit* each tax year may be made throughout the term of the Flexible Cash ISA. *Annual ISA subscription limit for the tax year 2022/2023 (6 April 2022 to 5 April 2023) is £20,000.
• Funds withdrawn from your Flexible Cash ISA can be replaced in the same tax year without counting towards your annual ISA allowance. Please note the tax year runs from 6 April to 5 April the following year.
• ISA Transfers-in are allowed into this account. ISA Transfer-in requests must be received within 30 calendar days from the date of account opening. We do not allow Transfers-in to a Cash ISA from an Innovative Finance ISA or a Lifetime ISA.


Maturity
• At the end of the 1 year term the Flexible Cash ISA Issue 36 will convert into an instant access variable rate cash ISA.

so no need to contact to avoid an unwanted re-investment at maturity