Cash ISAs: The Best Currently Available List

JJAM

Does anyone think there'll be an any advance on the 4% 1 year Cash ISA rate that Barclays are offering from anyone else?

25_Years_On

JJAM said:

Does anyone think there'll be an any advance on the 4% 1 year Cash ISA rate that Barclays are offering from anyone else?

Unlikely. Perhaps someone might beat it by a small amount. Generally savings interest rates are slipping back so higher rates are getting less and less likely.

Tom_Hendo

There tends to be a small fight for custom just before and after the new tax year, I think that's the next time we 'could' see improvement. 

savit4l8er

Yorkshire Building Society are increasing rates on variable accounts from 17th January.

As a result of the recent Bank of England announcement to increase the bank rate we will be increasing the interest rates across most of our variable rate savings accounts by up to 0.50 percentage points, to a minimum of 2.55% from 17th January 2023.


https://www.ybs.co.uk/documents/productdata/YBM1607RC.pdf

john1950

Just had the Savings Champion email and from their comments it does look like fixed rate ISA's have topped out for now. 
I have 3 years subscriptions in the Coventry Limited Access ISA paying 2.81%.  Their 2 year fix is actually not a full 2 years now but it pays 3.9% and their transfer process is quite easy online. Anything around 4% for a 2 year fixed rate ISA does seem to be the best available generally speaking and it is likely this rate will reduce.  
I have been looking on here occassionally just to see what other people are doing and I do seem to have missed the boat as far as plus 4% is concerned. It doesn't pay to dither that's for sure.  Anyway, I am losing out on at least 1% of interest by not fixing and that is about £600 a year if I have worked it out correctly.

bristolleedsfan

john1950 said:

Just had the Savings Champion email and from their comments it does look like fixed rate ISA's have topped out for now. 
I have 3 years subscriptions in the Coventry Limited Access ISA paying 2.81%.  Their 2 year fix is actually not a full 2 years now but it pays 3.9% and their transfer process is quite easy online. Anything around 4% for a 2 year fixed rate ISA does seem to be the best available generally speaking and it is likely this rate will reduce.  
I have been looking on here occassionally just to see what other people are doing and I do seem to have missed the boat as far as plus 4% is concerned. It doesn't pay to dither that's for sure.  Anyway, I am losing out on at least 1% of interest by not fixing and that is about £600 a year if I have worked it out correctly.

https://uk.virginmoney.com/savings/products/2_year_fixed_rate_cash_e_isa_issue_542/   4.11%

freeguy1984uk

Do people trust Virgin with their money when they only have a 1.2 rating on TrustPilot? So many bad reviews for them.

kaMelo

freeguy1984uk said:

Do people trust Virgin with their money when they only have a 1.2 rating on TrustPilot? So many bad reviews for them.

Trustpilot, lol. It's a place where the angry vent their frustrations.  When someone feels aggrieved, whether justified or not, they have lots of energy to write scathing reviews, the vast majority for whom things just work never feel the need to review them hence the skewed rating. Rather than venting people may get more joy by complaining if they feel wronged.

In answer to your question, I place no value on Trustpilot reviews and I have absolutely no worries about Virgin Money as it has FSCS cover.

gwapenut

Your money is safe but be aware that if something goes wrong, it can take 7 months to allocate a handler to your complaint. My problems in May were only just allocated and resolved at the end of December.

For 95% of people, things won't go wrong. If you're in the unlucky 5% though, you will have a nightmare. Personally I wouldn't touch them again unless their rates were at least half a percent better than alternatives.

TiVo_Lad

For those who aren't a Virgin customer and who thought the Mansfield's 180 Day Notice account was too long, Furness Building Society have just launched a 45-day Notice Cash ISA at 3.0%

https://www.furnessbs.co.uk/savings/products/product-overview/45-day-notice-isa

Branch/Post are the application and management options.