Cash ISAs: The Best Currently Available List

alternate

subjecttocontract said:

alternate said:

You can open the Santander with a zero balance. It was showing on my account within minutes.  I later filled out the transfer form.

You can only open the account with a zero balance if you are intending to transfer an existing isa into the account.
If you are paying new money into the isa it requires a minimum deposit of £500.

ah okay, my mistake.  I guess if asks you if you intent to transfer on application - even if it does let you put in the transfer details at that stage.

Newly_retired

As the bank rate is likely to increase today, I am thinking that some better ISA rates may come along soon, in which case, maybe I should just open Santander's easy access ISA, then I can transfer funds into a fixed one later. I can't see that Santander is going to reduce its interest rates before 30 April.

schiff

Nick_C said:

@schiff You need a flexible ISA.  Anything you pay in and subsequently withdraw in the same tax year is not counted.

For example, https://www.skipton.co.uk/savings/isas/easy-access

(I have been using Skipton all year as you cen deposit by debit card.)

Following the bank's decision today this will become interesting. I have been interested in Principality's version but this is marginally better.

Nick_C

schiff said:

Nick_C said:

@schiff You need a flexible ISA.  Anything you pay in and subsequently withdraw in the same tax year is not counted.

For example, https://www.skipton.co.uk/savings/isas/easy-access

(I have been using Skipton all year as you cen deposit by debit card.)

Following the bank's decision today this will become interesting. I have been interested in Principality's version but this is marginally better.

I like Skipton.  Fast payments in and out (takes up to 2 hours) and you can use a flexible ISA as an instant access savings account.

My ISA that matured in January was tracking at BOEBR +1%.  It matured into a special "matured funds" ISA that was paying 3% when I closed it last week, which was generous.  (I've moved to YBS Loyalty ISA at 4%)

Nick_C

Bridlington1 said:

YBS have launched a loyalty six-access ISA at 4%. The ISA is flexible but can only be opened by those who have held a YBS account for at least the last 12 months.

YBS Loyalty 6 increases to 4.25% on 5 April 😊

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

(Balances up to £20k.  3.75% above £20k)

schiff

Nick_C said:

schiff said:

Nick_C said:

@schiff You need a flexible ISA.  Anything you pay in and subsequently withdraw in the same tax year is not counted.

For example, https://www.skipton.co.uk/savings/isas/easy-access

(I have been using Skipton all year as you cen deposit by debit card.)

Following the bank's decision today this will become interesting. I have been interested in Principality's version but this is marginally better.

I like Skipton.  Fast payments in and out (takes up to 2 hours) and you can use a flexible ISA as an instant access savings account.

My ISA that matured in January was tracking at BOEBR +1%.  It matured into a special "matured funds" ISA that was paying 3% when I closed it last week, which was generous.  (I've moved to YBS Loyalty ISA at 4%)

Some easy access accounts process weekend withdrawals on the day, Skipton don't which is a slight disadvantage. Just needs planning.

Oasis1

Coventry ISAs going up with limited access issues at 3.25% from April 4th: https://www.coventrybuildingsociety.co.uk/member/help/member-support/bank-of-england-base-rate.html?utm_source=EMS461&utm_medium=Email&utm_content=button

CompulsiveSaver

Nationwide have said they will increase rates! I guess that means they have finally stopping thinking...(watching customer deposits leave) after the last base rate increase! but they haven't said how much and suggest you join Savings Watch if you want to know...  but the increase is applied from the 1st April (is this a Joke!!!!)

moneyfoolish

alternate said:

You can open the Santander with a zero balance. It was showing on my account within minutes.  I later filled out the transfer form.

Can you open the Santander Fixed ISAs with a zero balance and then move money in after April 5th and also do a partial transfer from one of your old cash ISAs? I want to open the account but wait for a while in case better rates arrive following the latest rate increase.

TiVo_Lad

moneyfoolish said:

alternate said:

You can open the Santander with a zero balance. It was showing on my account within minutes.  I later filled out the transfer form.

Can you open the Santander Fixed ISAs with a zero balance and then move money in after April 5th and also do a partial transfer from one of your old cash ISAs? I want to open the account but wait for a while in case better rates arrive following the latest rate increase.

From the Santander Website:

Transferring ISAs from other providers

You can transfer ISAs you have with other providers at any time, but we must receive the transfer request within 14 days of when you open your Santander ISA. The money you’re transferring must reach your Santander ISA within 30 days of opening. 

Before you transfer your ISA to us you’ll need to consider these points:

• We don't charge a transfer fee but other providers may. 
• You can transfer some or all the money that you’ve paid into an ISA in previous tax years. If you want to transfer money that you’ve paid into an ISA in the current tax year, you’ll need to transfer all of it. 
• If you transfer an ISA in full to us and have built up previous tax year flexible allowances with your current provider, you’ll lose that allowance when you move to Santander. 
• If you want to use the flexible allowance you should re-deposit into your existing ISA before you transfer to us.
• Transferring money out of a Help to Buy: ISA will impact the bonus you may receive.