Cash ISAs: The Best Currently Available List

caveman38

Thanks for that Shedman. I must have looked at the T&C a couple of times but failed to see that. What a pain.The first time they have decent rates and they introduce obstacles like that.

2010

Any provider putting obstacles in the way to opening an account, doesn't deserve your money.
Including Chase app where people had to buy new phones just to open an account. Even then they had to open a current to open a savings account. 

Rusty190

2010 said:

Any provider putting obstacles in the way to opening an account, doesn't deserve your money.
Including Chase app where people had to buy new phones just to open an account. Even then they had to open a current to open a savings account. 

Hear hear!
Plus, I always think, if it's a hassle trying to get money in, how much harder will it be trying to get it out?

Nick_C

2010 said:

Any provider putting obstacles in the way to opening an account, doesn't deserve your money.
Including Chase app where people had to buy new phones just to open an account. Even then they had to open a current to open a savings account. 

Nonsense. 

I didn't have to buy a new phone to use the Chase App. 

Do you also criticise banks that offer online only accounts, because they require some people to buy a computer? 

kaMelo

2010 said:

Any provider putting obstacles in the way to opening an account, doesn't deserve your money.
Including Chase app where people had to buy new phones just to open an account. Even then they had to open a current to open a savings account. 

Whilst I agree with the sentiment of what you wrote I don't consider having to open two ISA accounts (one for pay in and one for transfers) much of an obstacle if I'm being honest.

Whether an account is worth the effort is a personal choice, I had a mare opening a Chase account however their offering was worth that effort in my opinion. . Whether I'd have purchased a new phone purely for the purpose of opening the account, I think that would be a step too far.

refluxer

While Nationwide rarely have the highest rates available to all, they can sometimes be good at rewarding existing members, at least as far as ISAs are concerned. 

For example - I took out a 2 year fixed rate cash ISA with them at the end of last year for 4.50%. This rate was only available to members with matured Nationwide fixed rate ISAs and, IIRC, was higher than anything available elsewhere at the time... and since.

Based on my experience with them, if they're offering a decent rate now, then it's entirely possible that they'll also offer a decent rate once those fixed rates come to an end. While they're not always the best at attracting new business with the highest rates, they do sometimes at least make an effort to retain those funds which means if you're in the right place at the right time, then you can sometimes benefit.

2010

Nick_C said:

2010 said:

Any provider putting obstacles in the way to opening an account, doesn't deserve your money.
Including Chase app where people had to buy new phones just to open an account. Even then they had to open a current to open a savings account. 

Nonsense. 

I didn't have to buy a new phone to use the Chase App. 

Do you also criticise banks that offer online only accounts, because they require some people to buy a computer? 

You may not have needed to buy a new phone to get the Chase app but there were plenty on these boards, at the time, that did.
By the way you don`t need a computer to bank online, try your old phone.

Descrabled

Nationwide 4.25% Fixed ISA

Could you open account one 2y account with £16k on 11th April and open another 2y account with £4k on 12th April after receiving proceeds from YBS/Coventry? These ISAs are split ISAs I think.

To clarify the savings would be for this year's cash ISA

Nick_C

Forgive me if this has already been reported (but I didn't see it) ....

The Santander 1 Year Fix at 4.15%

If you open this account and do a full transfer in of £10k or more from another provider, Santander will give you a £50 gift card.  The Gift Card redemption code will be issued within 30 days of the transfer being completed.  There is a wide range of gift cards available including Amazon, Argos, M&S, John Lewis (Waitrose) and many more.

You can open the account with a zero balance if you are transferring in existing ISAs with a balance of at least £500.

If you consider the GC to be as good as cash, this gives you an effective interest rate of 4.4% on a £20k transfer in (or 4.65% on a 10k transfer in).  This matches the best 1 Year from Coventry which is a loyalty offer.  The gift card becomes less attractive if you are transferring in a lot more than £20k.

https://www.santander.co.uk/personal/savings-and-investments/isas/2-year-fixed-rate-isa

pecunianonolet

If I open a 1y fix today over 10k, I won't be able to open another cash ISA in the same tax year, right? So if I not fund the fix in full, I miss the remaining 10k allowance because I can only have one account per tax year?