Cash ISAs: The Best Currently Available List

25_Years_On

homemover2020 said:

Kazza242 said:

Cynergy Bank has launched a new issue of their Online ISA (issue 35), paying 3.35%.

https://www.cynergybank.co.uk/personal-savings/online-isa/online-isa/

I opened the previous issue paying 3.28% last weeka and haven't put the full 20k allowance in. If I open this new issue and transfer last weeks one to it, will I still get to use the remaining allowance for this tax year?

Yes you will. You have to do this all the time with Cynergy and I've lost count how many times I've done this. Just login and open using the option on the left of the screen. It's a quick process and once open you transfer and close from within the older issue.

pookey

25_Years_On said:

homemover2020 said:

Kazza242 said:

Cynergy Bank has launched a new issue of their Online ISA (issue 35), paying 3.35%.

https://www.cynergybank.co.uk/personal-savings/online-isa/online-isa/

I opened the previous issue paying 3.28% last weeka and haven't put the full 20k allowance in. If I open this new issue and transfer last weeks one to it, will I still get to use the remaining allowance for this tax year?

Yes you will. You have to do this all the time with Cynergy and I've lost count how many times I've done this. Just login and open using the option on the left of the screen. It's a quick process and once open you transfer and close from within the older issue.

Nationwide accounts are like this too, it's so annoying that they can't put the price up for you especially if there's a way it can be done without breeching and terms or conditions

2010

Coventry B/Soc

Loyalty Fixed ISA (1) 31.05.2024     4.40%

Available to open until the end of 27 April 2023.

This is a limited issue ISA and you have a limited time to pay in. We must receive the first

payment into the account, and any other payments in (including ISA transfer instructions)

within 14 calendar days of us accepting your application or while the account is still open

to new investors, whichever is longer

pecunianonolet

Shawbrook 1y fixed increased from 4.17% to 4.21% and other rates increased too

Opened mine on 12th April so technically within the 14 day cooling off window and should be able to upgrade to the new rate.

andyhicks88

pecunianonolet said:

Shawbrook 1y fixed increased from 4.17% to 4.21% and other rates increased too

Opened mine on 12th April so technically within the 14 day cooling off window and should be able to upgrade to the new rate.

Good time to test if you add further deposits to the previous issue then because wasn't there some confusion over the "further deposits whilst the product remains available" situation?

Snapdragon

2010 said:

Coventry B/Soc

Loyalty Fixed ISA (1) 31.05.2024     4.40%

Available to open until the end of 27 April 2023.

This is a limited issue ISA and you have a limited time to pay in. We must receive the first

payment into the account, and any other payments in (including ISA transfer instructions)

within 14 calendar days of us accepting your application or while the account is still open

to new investors, whichever is longer

I've not used cash ISAs until last year so a bit nervous about getting all the rules correct.
Would someone be kind enough to check over my thinking and confirm whether I have my plans straight?
I opened the Barclays 4% fixed in Dec 2022 using 2022/23 allowance, this will therefore mature Dec 23. 

Can I open this Coventry 4.4% Loyalty now (before it closes to new applications) and use it for this years allowance (since it only allows new money) then later in the same 2023/24 tax year also open a 2nd cash ISA to move the maturing 2022/23 ISA money into? 

I like the look of the YBS Loyalty 6 ISA, due to its flexibility but don't qualify for YBS loyalty accounts until October, so I'm hoping it will still be available when the Barclays matures in Dec and I could use that one for the older ISA. Since the YBS is a flexible ISA, presumably if I needed some of the money early 2024, could I withdraw from there? Could I replace anything withdrawn or is that not allowed as it would be considered new money even though it's replacing previous years money? 

I'm sure I'll eventually get my head around the nuances but it's definitely complicated for a newbie 

Rheumatoid

pecunianonolet said:

Shawbrook 1y fixed increased from 4.17% to 4.21% and other rates increased too

Opened mine on 12th April so technically within the 14 day cooling off window and should be able to upgrade to the new rate.

Let me know how you get on. I opened a 2 year at 4.28 on the 20th and it is now at 4.31.

T&C regarding withdrawal of product remains the same so don't see why you can't keep adding until end of term:

" Please note that the Bank reserves the right to withdraw this product at any time. If the product is withdrawn, you can continue to put more money into your account until the expiry of the fixed term"

Consumerist

In general, you can open as many ISA ACCOUNTS as you like BUT you can only put new money into one ISA in any tax year.

Once opened, you can transfer any ISA as may times as you like. If it is the current tax-year's ISA then you must transfer all of it at once.

Hope that helps.

doodlector

Snapdragon said:

2010 said:

Coventry B/Soc

Loyalty Fixed ISA (1) 31.05.2024     4.40%

Available to open until the end of 27 April 2023.

This is a limited issue ISA and you have a limited time to pay in. We must receive the first

payment into the account, and any other payments in (including ISA transfer instructions)

within 14 calendar days of us accepting your application or while the account is still open

to new investors, whichever is longer

I've not used cash ISAs until last year so a bit nervous about getting all the rules correct.
Would someone be kind enough to check over my thinking and confirm whether I have my plans straight?
I opened the Barclays 4% fixed in Dec 2022 using 2022/23 allowance, this will therefore mature Dec 23. 

Can I open this Coventry 4.4% Loyalty now (before it closes to new applications) and use it for this years allowance (since it only allows new money) then later in the same 2023/24 tax year also open a 2nd cash ISA to move the maturing 2022/23 ISA money into? 

I like the look of the YBS Loyalty 6 ISA, due to its flexibility but don't qualify for YBS loyalty accounts until October, so I'm hoping it will still be available when the Barclays matures in Dec and I could use that one for the older ISA. Since the YBS is a flexible ISA, presumably if I needed some of the money early 2024, could I withdraw from there? Could I replace anything withdrawn or is that not allowed as it would be considered new money even though it's replacing previous years money? 

I'm sure I'll eventually get my head around the nuances but it's definitely complicated for a newbie 

Yes you are correct on everything .    You can open YBS and transfer previous year ISA without affecting current year allowance.   As YBS is 'flexible' you can remove then add back to the same without affecting current year allowance.

pecunianonolet

Rheumatoid said:

pecunianonolet said:

Shawbrook 1y fixed increased from 4.17% to 4.21% and other rates increased too

Opened mine on 12th April so technically within the 14 day cooling off window and should be able to upgrade to the new rate.

Let me know how you get on. I opened a 2 year at 4.28 on the 20th and it is now at 4.31.

T&C regarding withdrawal of product remains the same so don't see why you can't keep adding until end of term:

" Please note that the Bank reserves the right to withdraw this product at any time. If the product is withdrawn, you can continue to put more money into your account until the expiry of the fixed term"

Phoned up and ISA was upgraded without further questions to the new rate as within the 14 day cooling off window. The maturity date remains and is based on the initial opening date. New rate applies for me from today. Making further additions is no problem, just did and as long as done before 3:30 on a work day it is credited the same day.

For me it's been 13 days since I opened the ISA so technically I could have closed the ISA today, take the cash and 13 days interest and reopen straight away the new issue and transfer in and would have benefited from the new rate for another 13 days at the end. Not thought about it this morning....maybe I phone up again.