Cash ISAs: The Best Currently Available List

freeguy1984uk

freeguy1984uk said:

So the decision I made back in August was to switch my ISA to Shawbrook Bank. But ironically they are now quite far behind the top rates at 1.50%, and Sainsburys who I switch away from are currently at 2.40%.

I'm looking to move away from Shawbrook now, but it's so frustrating that I could move to another provider then Shawbrook leapfrog them above the interest tables.  I've even asked Shawbrook are you raising your rates soon as I'll just stay with you if you are, and they gave me a generic vague none-answer.

I honestly don't get this business model.  I gave Shawbrook one last chance to tell me if their rates are going up soon.  They again come back with a generic none-answer "we constantly watch the market, blah blah blah".  So I made the decision to start the ISA transfer to Cynergy.  A few days later Shawbrook have now risen their rate from 1.5% to 2.5%. 

The new Cynery rate is higher anyway but that's not the point.  The point is that Shawbrook could have kept me as a customer if they just told me it was increasing in a few days! They have now lost a customer with a large amount of money for what benefit of theirs being secretive?  Are they just not interested in customer retention?  It's done now anyway, but I just don't get it.

Tom_Hendo

freeguy1984uk said:

freeguy1984uk said:

So the decision I made back in August was to switch my ISA to Shawbrook Bank. But ironically they are now quite far behind the top rates at 1.50%, and Sainsburys who I switch away from are currently at 2.40%.

I'm looking to move away from Shawbrook now, but it's so frustrating that I could move to another provider then Shawbrook leapfrog them above the interest tables.  I've even asked Shawbrook are you raising your rates soon as I'll just stay with you if you are, and they gave me a generic vague none-answer.

I honestly don't get this business model.  I gave Shawbrook one last chance to tell me if their rates are going up soon.  They again come back with a generic none-answer "we constantly watch the market, blah blah blah".  So I made the decision to start the ISA transfer to Cynergy.  A few days later Shawbrook have now risen their rate from 1.5% to 2.5%. 

The new Cynery rate is higher anyway but that's not the point.  The point is that Shawbrook could have kept me as a customer if they just told me it was increasing in a few days! They have now lost a customer with a large amount of money for what benefit of theirs being secretive?  Are they just not interested in customer retention?  It's done now anyway, but I just don't get it.

I've worked for Banks, and this is part of Regulation for Trading. They can't share info on new rates until they are live to public market (even if that's a future dated announcement). So not only will the staff most likely not know the rates are changing, but if you speak to someone who does know they are NDA-d until the announcement. 

codetown2

I have an easy access cash ISA and I have been following rate increases hopying for months for a 5% fixed ISA, which did not materialise for me. 

I have now reviewed all offerings and see the best on offer at present is UBL with 4,25% for 3 years fixed. 

a) has anyone experience with them (I never heard of them)?
b) is the transfer process electronic and easy (from coventry BS)?

Givens

A bit of advice if possible on a lifetime ISA, once I'd get to 50 and unable to put any money in can I transfer it into a stocks & shares ISA or does the money have to be left in the current account until I hit retirement age?

alternate

Givens said:

A bit of advice if possible on a lifetime ISA, once I'd get to 50 and unable to put any money in can I transfer it into a stocks & shares ISA or does the money have to be left in the current account until I hit retirement age?

Has to stay.

MDMD

To be clear it has to stay until you reach 60 unless you are willing to pay 25% charge

fabsaver

Virgin Money have launched a 4.25% 1 Year Fixed Rate Cash ISA Exclusive Issue 4 
https://uk.virginmoney.com/savings/products/1_year_fixed_rate_cash_isa_exclusive_issue_4/

pecunianonolet

fabsaver said:

Virgin Money have launched a 4.25% 1 Year Fixed Rate Cash ISA Exclusive Issue 4 
https://uk.virginmoney.com/savings/products/1_year_fixed_rate_cash_isa_exclusive_issue_4/

Let's see if Barclays is going to beat this as they currently offfer 4% and I was about to go with that, also because the other terms seemed good. Is this the start of the end of year ISA rally?

Tom_Hendo

pecunianonolet said:

fabsaver said:

Virgin Money have launched a 4.25% 1 Year Fixed Rate Cash ISA Exclusive Issue 4 
https://uk.virginmoney.com/savings/products/1_year_fixed_rate_cash_isa_exclusive_issue_4/

Let's see if Barclays is going to beat this as they currently offfer 4% and I was about to go with that, also because the other terms seemed good. Is this the start of the end of year ISA rally?

I think we may be waiting for end of March/Early April to see if the BARCLEYS account shifts 

refluxer

pecunianonolet said:

fabsaver said:

Virgin Money have launched a 4.25% 1 Year Fixed Rate Cash ISA Exclusive Issue 4 
https://uk.virginmoney.com/savings/products/1_year_fixed_rate_cash_isa_exclusive_issue_4/

Let's see if Barclays is going to beat this as they currently offfer 4% and I was about to go with that, also because the other terms seemed good.

Barclays don't raise and lower their savings product interest rates anywhere near as often as the challenger banks you see featured in the MSE top tables so I would say that's pretty unlikely, unless the whole of the market takes a very definite upturn.
 
This is the first time in a very long time (decades ?) that I remember seeing a Barclays ISA with a competitive interest rate.