Cash ISAs: The Best Currently Available List

flobbalobbalob

I use this online tool to check monthly vs annual
https://www.lemonfool.co.uk/financecalculators/apr-rate-converter.php

flobbalobbalob

andyhicks88 said:

pecunianonolet said:

andyhicks88 said:

Hi all, I just opened the Shawbrook 2yr ISA that is advertised as a 4.40% interest rate but then in the confirmation e-mail the rate is stated as 4.31%?  It's defo 4,40% on the website.  Is this a known issue/mistake with Shawbrook or do you think I should contact them?

You probably selected monthly interest so it's 4.31% gross and 4.4% AER

Thanks. Does that mean I get less interest then by having it monthly? Sorry this has always confused me slightly!

No because if you get your interest monthly you get interest paid on the interest and it adds up to the same amount .

andyhicks88

flobbalobbalob said:

andyhicks88 said:

pecunianonolet said:

andyhicks88 said:

Hi all, I just opened the Shawbrook 2yr ISA that is advertised as a 4.40% interest rate but then in the confirmation e-mail the rate is stated as 4.31%?  It's defo 4,40% on the website.  Is this a known issue/mistake with Shawbrook or do you think I should contact them?

You probably selected monthly interest so it's 4.31% gross and 4.4% AER

Thanks. Does that mean I get less interest then by having it monthly? Sorry this has always confused me slightly!

No because if you get your interest monthly you get interest paid on the interest and it adds up to the same amount .

The interest is paid away though?

bristolleedsfan

andyhicks88 said:

pecunianonolet said:

andyhicks88 said:

Hi all, I just opened the Shawbrook 2yr ISA that is advertised as a 4.40% interest rate but then in the confirmation e-mail the rate is stated as 4.31%?  It's defo 4,40% on the website.  Is this a known issue/mistake with Shawbrook or do you think I should contact them?

You probably selected monthly interest so it's 4.31% gross and 4.4% AER

Thanks. Does that mean I get less interest then by having it monthly? Sorry this has always confused me slightly!

If you spend the interest yes, if you put it in a higher paying account than 4.4% AER you will get more interest

flobbalobbalob

andyhicks88 said:

flobbalobbalob said:

andyhicks88 said:

pecunianonolet said:

andyhicks88 said:

Hi all, I just opened the Shawbrook 2yr ISA that is advertised as a 4.40% interest rate but then in the confirmation e-mail the rate is stated as 4.31%?  It's defo 4,40% on the website.  Is this a known issue/mistake with Shawbrook or do you think I should contact them?

You probably selected monthly interest so it's 4.31% gross and 4.4% AER

Thanks. Does that mean I get less interest then by having it monthly? Sorry this has always confused me slightly!

No because if you get your interest monthly you get interest paid on the interest and it adds up to the same amount .

The interest is paid away though?

To compare you have to leave the same money in for the full year to get the annual equivalent (AER)

FishInGlass

caveman38 said:

Others on here seem to have confirmed they have been able to add as described ..... we'll see ..... first test on Wednesday with the first of my matured accounts. If all this does work, I think they must be the most flexible provider in this regard. Dont know any others that allow this

Please post whether you are successful with your next deposit

I opened a 2yr Shawbrook fixed cash ISA Issue 69 at 4.28% on the 12th April. I have made 3 further deposits already on the 26th April, 3rd May and 12th May successfully. Hope that helps.

steveksullivan

FishInGlass said:

caveman38 said:

Others on here seem to have confirmed they have been able to add as described ..... we'll see ..... first test on Wednesday with the first of my matured accounts. If all this does work, I think they must be the most flexible provider in this regard. Dont know any others that allow this

Please post whether you are successful with your next deposit

I opened a 2yr Shawbrook fixed cash ISA Issue 69 at 4.28% on the 12th April. I have made 3 further deposits already on the 26th April, 3rd May and 12th May successfully. Hope that helps.

Well just made my deposit ..... have to wait for the text now  to know whether it was successful.......

Bridlington1

From 1st June Bath BS ISAs will pay:
JISA- 5.1%
Instant ISA-3.39%
LISA-3.39%

steveksullivan

caveman38 said:

Others on here seem to have confirmed they have been able to add as described ..... we'll see ..... first test on Wednesday with the first of my matured accounts. If all this does work, I think they must be the most flexible provider in this regard. Dont know any others that allow this

Please post whether you are successful with your next deposit

Yep, they seem to have taken todays deposit no probs - next big test will be the matured ISA transfer-in, in October!

Watch this space ......

alternate

Bridlington1 said:

From 1st June Bath BS ISAs will pay:
JISA- 5.1%
Instant ISA-3.39%
LISA-3.39%

The Lisa looked good until Transfers in of Lifetime ISA funds are not permitted