Cash ISAs: The Best Currently Available List

BreakingGlass

BreakingGlass said:

katies_mum said:

Are Paragon a little slow with their internal transfers?  I assumed if it was internal it would be done straight away (like the Coventry do).  We all have Triple access issue 12 paying 3.2% but will now wait until Tuesday.  Thank you

Despite saying that I'd leave it until Tuesday I have just applied for Issue 13 (to open with transfer from my Issue 8) and it said three working days.  I'll report back when complete!

I just logged in again and it's all sorted!  New Paragon ISA Issue 13 is showing with interest added and interest rate showing as 3.35%.

So it took about 30 minutes.

Kazza242

Cynergy Bank have launched a new issue of their Online ISA (issue 36), paying 3.50%.

This ISA is available to open online.  Minimum opening amount is £1.

ConsistentlyLost

Kazza242 said:

Cynergy Bank have launched a new issue of their Online ISA (issue 36), paying 3.50%.

This ISA is available to open online.  Minimum opening amount is £1.

I opened and funded issue 35 of this account a week ago at 3.35%. Is there a way I can obtain the new rate without breaking the rules of subscribing to multiple isa's?

Tia

PloughmansLunch

ConsistentlyLost said:

Kazza242 said:

Cynergy Bank have launched a new issue of their Online ISA (issue 36), paying 3.50%.

This ISA is available to open online.  Minimum opening amount is £1.

I opened and funded issue 35 of this account a week ago at 3.35%. Is there a way I can obtain the new rate without breaking the rules of subscribing to multiple isa's?

Tia

Log in and open a new ISA account first without paying anything in, then on the main accounts screen select Internal transfer and close from the drop-down menu, choosing your new higher rate ISA. As long as you are transferring it won’t be counted as new money being paid in, and you’ll probably also get a teeny tiny bit of interest to date added too. 

ConsistentlyLost

PloughmansLunch said:

ConsistentlyLost said:

Kazza242 said:

Cynergy Bank have launched a new issue of their Online ISA (issue 36), paying 3.50%.

This ISA is available to open online.  Minimum opening amount is £1.

I opened and funded issue 35 of this account a week ago at 3.35%. Is there a way I can obtain the new rate without breaking the rules of subscribing to multiple isa's?

Tia

Log in and open a new ISA account first without paying anything in, then on the main accounts screen select Internal transfer and close from the drop-down menu, choosing your new higher rate ISA. As long as you are transferring it won’t be counted as new money being paid in, and you’ll probably also get a teeny tiny bit of interest to date added too. 

Okay thanks. Will I then be able to fund the newly opened Isa with further deposits as I've only used £5500 of my isa allowance for this year?

Tia

Kazza242

ConsistentlyLost said:

PloughmansLunch said:

ConsistentlyLost said:

Kazza242 said:

Cynergy Bank have launched a new issue of their Online ISA (issue 36), paying 3.50%.

This ISA is available to open online.  Minimum opening amount is £1.

I opened and funded issue 35 of this account a week ago at 3.35%. Is there a way I can obtain the new rate without breaking the rules of subscribing to multiple isa's?

Tia

Log in and open a new ISA account first without paying anything in, then on the main accounts screen select Internal transfer and close from the drop-down menu, choosing your new higher rate ISA. As long as you are transferring it won’t be counted as new money being paid in, and you’ll probably also get a teeny tiny bit of interest to date added too. 

Okay thanks. Will I then be able to fund the newly opened Isa with further deposits as I've only used £5500 of my isa allowance for this year?

Tia

Yes, you'll be able to add further funds to your cash ISA for 2023-24. 

The ISA allowance is £20,000 per tax year, and as you have only used £5,500, you can pay in up to another £14,500 by the end of the tax year, which is 5th April 2024.

katies_mum

BreakingGlass, our Paragon transfers took about 30 minutes as well.  We did them yesterday.  

aaj123

Keen to see if rates on flexible easy access ISAs go up post the expected BOE 25 bps hike tomorrow. Right now the best buy is Principality at 3.3% but my Skipton tracker ISA (tracks at BOE - 1.25%) too will get bumped to 3.25% if the boe hikes 25bps. Will leave current year subscription in the skipton to ensure I retain access to a proper tracker for next two years (skipton have now pulled their tracker isa product for new customers) but will move older money to the best paying flexible easy access isa if there is a product that pays significantly over 3.25%.

kaMelo

YBS six access ISA @4.25% up to £20,000 is probably the best currently. Although not completely easy access with only six withdrawals plus closure it is flexible.

Wheres_My_Cashback

Great news !!

YBS rate increases from 17/05

Loyalty 6 E-ISA and Loyalty 6 Branch ISA both increasing

Up to 20K  4.25% > 4.50%
Over £20K  3.75% > 4.00%

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