Cash ISAs: The Best Currently Available List

Aidanmc

dcs34 said:

Am I right in thinking I can pay £16k into a new 2023/24 ISA, then transfer any maturing ISA 1 year fixes into that new 2023/24 ISA (once they've matured), and then transfer that amount to as many new ISAs this tax year as I want, providing I transfer the full balance each time?

As in, the rules are:

• Only pay "new money" into one ISA (of each type) each tax year, but
• Unlimited transfers of "existing ISA money" into new ISAs, providing the whole balance is moved across each time?

You can pay in £20k

2010

SandyN21 said:

2010 said:

SandyN21 said:

I've just put £20K in a Virgin Money 1 Year Fixed Rate Cash E-ISA (Issue 560) @ 4.11%

You might have jumped the gun with that. Currently Virgin hasn't got a one year fix on offer. Waiting for issue 561.

Can't get into the Virgin link for Issue 560 right now due to maintenance... but these are the details

https://www.express.co.uk/finance/personalfinance/1752840/virgin-money-fixed-cash-ISA-interest-rate


Issue 561 is fixed for two years

https://uk.virginmoney.com/savings/products/2_year_fixed_rate_cash_e_isa_issue_561

Whatever the new issue number is, there will be a new Virgin 1yr fixed ISA and probably higher than the previous of 4.1%.

RG2015

SandyN21 said:

2010 said:

SandyN21 said:

I've just put £20K in a Virgin Money 1 Year Fixed Rate Cash E-ISA (Issue 560) @ 4.11%

You might have jumped the gun with that. Currently Virgin hasn't got a one year fix on offer. Waiting for issue 561.

Can't get into the Virgin link for Issue 560 right now due to maintenance... but these are the details

https://www.express.co.uk/finance/personalfinance/1752840/virgin-money-fixed-cash-ISA-interest-rate


Issue 561 is fixed for two years

https://uk.virginmoney.com/savings/products/2_year_fixed_rate_cash_e_isa_issue_561

Issue 560 was withdrawn on 5th April.

SandyN21

2010 said:

SandyN21 said:

2010 said:

SandyN21 said:

I've just put £20K in a Virgin Money 1 Year Fixed Rate Cash E-ISA (Issue 560) @ 4.11%

You might have jumped the gun with that. Currently Virgin hasn't got a one year fix on offer. Waiting for issue 561.

Can't get into the Virgin link for Issue 560 right now due to maintenance... but these are the details

https://www.express.co.uk/finance/personalfinance/1752840/virgin-money-fixed-cash-ISA-interest-rate


Issue 561 is fixed for two years

https://uk.virginmoney.com/savings/products/2_year_fixed_rate_cash_e_isa_issue_561

Whatever the new issue number is, there will be a new Virgin 1yr fixed ISA and probably higher than the previous of 4.1%.

Even if a new 1yr fixed rate issue came out @ say 4.30%...its roughly £40 more interest on £20K so I'm still happy with my Issue 560 ISA

2010

SandyN21 said:

2010 said:

SandyN21 said:

2010 said:

SandyN21 said:

I've just put £20K in a Virgin Money 1 Year Fixed Rate Cash E-ISA (Issue 560) @ 4.11%

You might have jumped the gun with that. Currently Virgin hasn't got a one year fix on offer. Waiting for issue 561.

Can't get into the Virgin link for Issue 560 right now due to maintenance... but these are the details

https://www.express.co.uk/finance/personalfinance/1752840/virgin-money-fixed-cash-ISA-interest-rate


Issue 561 is fixed for two years

https://uk.virginmoney.com/savings/products/2_year_fixed_rate_cash_e_isa_issue_561

Whatever the new issue number is, there will be a new Virgin 1yr fixed ISA and probably higher than the previous of 4.1%.

Even if a new 1yr fixed rate issue came out @ say 4.30%...its roughly £40 more interest on £20K so I'm still happy with my Issue 560 ISA

Good that you`re happy.
But others may have another ISA to tranfer in making up to £85k and that will make a big difference between 4.1% and whatever.

Anyway we`ll have to wait and see what they come up with.

caveman38

Nationwide 2 Yr. FR ISA. Try as I may, I cannot find the information I require. After initial opening of account. How long have I got to furnish monies and can I pay a feeder amount and then the final amount separately. I can see such information on say the Paragon ISA but not NW. Anyone have the answer, please?

Middle_of_the_Road

caveman38 said:

Nationwide 2 Yr. FR ISA. Try as I may, I cannot find the information I require. After initial opening of account. How long have I got to furnish monies and can I pay a feeder amount and then the final amount separately. I can see such information on say the Paragon ISA but not NW. Anyone have the answer, please?

Check the link below-

No indication of paying in window, only this-


Restrictions on paying money into your account

11. Once you have paid in money to open your account you cannot make any additional payments into the account

Fixed Rate ISA | Nationwide

Additional information

How we’ve set up the Nationwide cash ISA
When you open one or more of our cash ISA products, they will each be part of a single portfolio cash ISA.

This means that although you can pay money into your different products, you will only be paying into one portfolio cash ISA.

We’ve set up our cash ISA in this way because it allows you to spread your annual ISA allowance across different products.
For example, you could pay part of it into a fixed rate product and part into an instant access product.

The only exceptions are Smart Junior ISA and Child Trust Fund Maturity ISA. These are stand alone cash ISAs which cannot be included in the portfolio cash ISA. 

Shedman

Yes its a lump sum all in in one hit account deposit at time of application with no funding window.  

Also be aware that if you open a NW Fixed ISA online you can only pay in new money from your NW current or savings account 

(although oddly this might only be a condition if you already have a NW current or savings account as I can't see that restriction in the product summary if looking at the details when not signed in)

Both of these restrictions put me off it and I am going for Paragon instead

flobbalobbalob

Charter 1 year fix 4.16% AER,  2 year fix 4.25% AER

Rusty190

flobbalobbalob said:

Charter 1 year fix 4.16% AER,  2 year fix 4.25% AER

I've opened the 2 year fixed with Charter - simple, easy, no fuss on line BUT - all confirming paperwork says interest rate is 4.15% - was definitely 4.25% when I applied.
Could this just be a time lag on updating rates etc from their end, due to Easter holidays?