Cash ISAs: The Best Currently Available List

flobbalobbalob

Marcus increased to 3.30% AER

Middle_of_the_Road

flobbalobbalob said:

Marcus increased to 3.30% AER

Likewise for SAGA savings.

Saga Cash ISA

pecunianonolet

pecunianonolet said:

Rheumatoid said:

pecunianonolet said:

Rheumatoid said:

pecunianonolet said:

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 If the product is withdrawn, you can continue to put more money into your account until the expiry of the fixed term"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.

Thanks. Have sent secure message and hopefully they will upgrade mine without issue.

Why don't you phone them? I waited maybe 30 seconds. Going through all security questions probably took longer than the ISA upgrade and you can make sure you'll get the new rate from today.

Found time to phone them. It had been changed to 4.31 already. I confirmed that money can still be added until end of term which does allow another 20k to go in 6th April 2024. Very impressed with their service.

They probably automatically upgraded everyone still within the cooling off period to the new rate. 

I called them again and been told that if I want a new maturity date I need to go ahead and open a new account and call them back and they transfer from the old to the new account. Opened the account and called back and now been told I have to wait until tomorrow so both profiles merge and they can do the transfer. Since I have now 2 customer numbers and two sepeate profiles I am doubtful that this works. Not sure why it wasn't possible to close one account and transfer it straight over when the other account is up and running. That the customer advisor was asking me after I explained twice what the purpose of me opening a new account is doesn't fill me with too much confidence. 

Accounts actually merged over night with old log in details now invalid and both accounts showing under new customer number. Phoned Shawbrook and old ISA was closed and funds plus accrued interest transferred to the new account. Maturity date now extedned by 13 days. Cooling off period started again so should they raise rates again within the next 14 days we have to do it again. Excellent service and comms and no waiting times on the phone. Can highly recommend them!

As higher rate tax payer their ISA rate is equivalent to 6.99% and I can use it as regular saver with no pay in limit (20k ISA rule obv applies) and on 6th April next year I can pay in another 20k should I wish.

Rheumatoid

pecunianonolet said:

pecunianonolet said:

Rheumatoid said:

pecunianonolet said:

Rheumatoid said:

pecunianonolet said:

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.

Thanks. Have sent secure message and hopefully they will upgrade mine without issue.

Why don't you phone them? I waited maybe 30 seconds. Going through all security questions probably took longer than the ISA upgrade and you can make sure you'll get the new rate from today.

Found time to phone them. It had been changed to 4.31 already. I confirmed that money can still be added until end of term which does allow another 20k to go in 6th April 2024. Very impressed with their service.

They probably automatically upgraded everyone still within the cooling off period to the new rate. 

I called them again and been told that if I want a new maturity date I need to go ahead and open a new account and call them back and they transfer from the old to the new account. Opened the account and called back and now been told I have to wait until tomorrow so both profiles merge and they can do the transfer. Since I have now 2 customer numbers and two sepeate profiles I am doubtful that this works. Not sure why it wasn't possible to close one account and transfer it straight over when the other account is up and running. That the customer advisor was asking me after I explained twice what the purpose of me opening a new account is doesn't fill me with too much confidence. 

Accounts actually merged over night with old log in details now invalid and both accounts showing under new customer number. Phoned Shawbrook and old ISA was closed and funds plus accrued interest transferred to the new account. Maturity date now extedned by 13 days. Cooling off period started again so should they raise rates again within the next 14 days we have to do it again. Excellent service and comms and no waiting times on the phone. Can highly recommend them!

As higher rate tax payer their ISA rate is equivalent to 6.99% and I can use it as regular saver with no pay in limit (20k ISA rule obv applies) and on 6th April next year I can pay in another 20k should I wish.

effectively a 4.31% one year fix might be very good come April next year but if rates are higher I can just put my 20k somewhere else.

steveksullivan

WOW ... Are Shawbrook THE most flexible ISA provider?

I have various funds maturing over the next few weeks amounting to my 20K annual allowance which I need to move into an ISA to protect from tax .... so given the ability to add to Shawbrook ISAs throughout the term it seemed like a no-brainer to open the 2 year version with the minimum £1K today and add to it as funds become available (together with the possibilty of adding next years allowanceon 6th April 2024 if it's still the best rate aroound, as mentioned earlier in the thread .....).

My only dilemma was whether to also take the interest hit and move one of my Virgin ISAs into it as well, as MSE implies that any transfers in have to be at time of application ...... however Shawbrook have just confirmed to me on the phone that transfers in can also be done at any time - so I can wait until the Virgin matures in October before transferring if its still the best rate ! (I did check that the call was being recorded .....!!!)

Comments? ....and do any other providers offer this flexibility?

pecunianonolet

steveksullivan said:

WOW ... Are Shawbrook THE most flexible ISA provider?

I have various funds maturing over the next few weeks amounting to my 20K annual allowance which I need to move into an ISA to protect from tax .... so given the ability to add to Shawbrook ISAs throughout the term it seemed like a no-brainer to open the 2 year version with the minimum £1K today and add to it as funds become available (together with the possibilty of adding next years allowanceon 6th April 2024 if it's still the best rate aroound, as mentioned earlier in the thread .....).

My only dilemma was whether to also take the interest hit and move one of my Virgin ISAs into it as well, as MSE implies that any transfers in have to be at time of application ...... however Shawbrook have just confirmed to me on the phone that transfers in can also be done at any time - so I can wait until the Virgin matures in October before transferring if its still the best rate ! (I did check that the call was being recorded .....!!!)

Comments? ....and do any other providers offer this flexibility?

I went through the moneyfacts list until quite far down when rates became really unattractive and not found anyone offering that sort of flexibility. If I wouldn't need the money, I would have gone with 2 years as well, the max I could stretch it would be 18 months and they don't offer that. 

If they indeed allow transfer in at any time and not just at account opening, I will be moving my Virgin ISA from 22/23 tax year in as soon as it matures on 29th March 2024 as my Shawbrook matures on 25th April. A few days to benefit from the 4.21% and from that point we'll see

TiVo_Lad

Castle Trust Bank now have a 1 Year Cash ISA Fix at 4.25%

https://www.castletrust.co.uk/savings/rates?product#fixedratee-cashisa

Full withdrawals are allowed, subject to 90 days' loss of interest. Transfers in are allowed. This is not a flexible or portfolio ISA. Interest is paid on maturity .

refluxer

steveksullivan said:

WOW ... Are Shawbrook THE most flexible ISA provider?

I have various funds maturing over the next few weeks amounting to my 20K annual allowance which I need to move into an ISA to protect from tax .... so given the ability to add to Shawbrook ISAs throughout the term it seemed like a no-brainer to open the 2 year version with the minimum £1K today and add to it as funds become available (together with the possibilty of adding next years allowanceon 6th April 2024 if it's still the best rate aroound, as mentioned earlier in the thread .....).

My only dilemma was whether to also take the interest hit and move one of my Virgin ISAs into it as well, as MSE implies that any transfers in have to be at time of application ...... however Shawbrook have just confirmed to me on the phone that transfers in can also be done at any time - so I can wait until the Virgin matures in October before transferring if its still the best rate ! (I did check that the call was being recorded .....!!!)

I would be wary about relying on the comments from one customer service agent, especially when their comments contradict their own T&Cs. There has been a recent example on this thread where a poster was given the wrong information over the phone and it was about this particular type of account, too.

The T&Cs for Shawbrook fixed rate ISAs state that "Requests to transfer funds into an account from another ISA provider must be made at the same time as your initial account application by signing a transfer form. Transfer requests received after your initial account application may be refused."

It's common for banks to have a limited window for receiving transfer-in requests for existing ISAs into new fixed rate ISA accounts - this is usually done either at the time of application or within a certain time period (eg. 2 weeks).

They do seem to make an exception for internal transfers though, where you can transfer in other Shawbrook ISAs up until that particular fixed rate product issue is withdrawn...  "Transfers in from other Shawbrook Cash ISAs are permitted subject to the account being open for new funding."

pookey

steveksullivan said:

WOW ... Are Shawbrook THE most flexible ISA provider?

I have various funds maturing over the next few weeks amounting to my 20K annual allowance which I need to move into an ISA to protect from tax .... so given the ability to add to Shawbrook ISAs throughout the term it seemed like a no-brainer to open the 2 year version with the minimum £1K today and add to it as funds become available (together with the possibilty of adding next years allowanceon 6th April 2024 if it's still the best rate aroound, as mentioned earlier in the thread .....).

My only dilemma was whether to also take the interest hit and move one of my Virgin ISAs into it as well, as MSE implies that any transfers in have to be at time of application ...... however Shawbrook have just confirmed to me on the phone that transfers in can also be done at any time - so I can wait until the Virgin matures in October before transferring if its still the best rate ! (I did check that the call was being recorded .....!!!)

Comments? ....and do any other providers offer this flexibility?

If you've banked with YBS they over 4.25% with 6 withdrawals allowed

steveksullivan

refluxer said:I would be wary about relying on the comments from one customer service agent, especially when their comments contradict their own T&Cs. There has been a recent example on this thread where a poster was given the wrong information over the phone and it was about this particular type of account, too.

The T&Cs for Shawbrook fixed rate ISAs state that "Requests to transfer funds into an account from another ISA provider must be made at the same time as your initial account application by signing a transfer form. Transfer requests received after your initial account application may be refused."

It's common for banks to have a limited window for receiving transfer-in requests for existing ISAs into new fixed rate ISA accounts - this is usually done either at the time of application or within a certain time period (eg. 2 weeks).

They do seem to make an exception for internal transfers though, where you can transfer in other Shawbrook ISAs up until that particular fixed rate product issue is withdrawn...  "Transfers in from other Shawbrook Cash ISAs are permitted subject to the account being open for new funding."

@refluxer So.... After reading this (and already having seen it myself.....) I phoned back - got a different agent - and quoted yesterday's phone call.

She also re-confirmed that transfer requests DONT have to be made at time of account opening. Said she had had lots of calls about it and was aware of the 'inconsistencies' in their Ts and Cs. She took my complaint that Ts and Cs should be what you sign up to and that they needed to be corrected and said she would pass it on .....  call timed at 10:20  27th April 2023 and noted for when my Virgin ISA matures in October !!