Cash ISAs: The Best Currently Available List

Bigwheels1111

I would still go with Virgin money 5.2% isa as only 120 day interest penalty.
Where Coventry has 180 penalty.

kipsterno1

someone said:

kipsterno1 said:

Deleted_Userlj said:

Also, there’s been a bit of chatter on here about repeatedly changing isa rates to keep within the 14 day cooling off period,  but it’s never really been elaborated on. 

I had a virgin 1yr fixed rate isa mature last weekend, which I moved to another virgin 1yr fix. now they have released a new issue yesterday, I’m planning to move to their latest rate. But with the hunch that rates will rise again next month, could I theoretically every 13 days move to a different product so that I am still within the cooling period in time for the next base rate decision and then move to a higher fix in August?

I openned a 1 year fixed rate mid April. It was 4.11%at the time. Due to the near weekly rate increases I have transfered to the higher rate at each increase. If I get to a point were there hasn't been an increase for 13 days I will then move to their  2 year fixed maintaining the 14 day cooling off period and then back to the 1 year when it does increase. Virgin have made it very simple to complete the transfer process to the latest issue.

@kipsterno1 a true MSEer.

I have two questions

1. Have you noticed if there is a specific day of the week they update their accounts?

2. How do you invoke the cooling off transfer? Is it via a new account application, filling out message, ringing them up etc.

1. No but you can see when each issue/rate change was implemented.  I posted a link to that page some days ago.

2. Log on to your account and scroll down to the open a new account section.

Select the issue you want to open. All you should have to fill in is your NI and that it will be funded via transfer of a current ISA.

Scroll down to the option of transfer a current Virgin ISA and when you select yes a drop down list of your current ISA's will be available. Select the one to transfer (if you have more than one) and it will show you the value being transferred and if within the cooling off period state that there will be no penalty.

There is nolong a requirement to contact them its all online in the account page.

dlevene

https://www.coventrybuildingsociety.co.uk/content/dam/cbs/member/pdfs/savings/rate-change-notice-isa.pdf

Limited Access ISA up 0.6% to 4.1% !

pookey

YBS Loyalty Six saver ISA Issue 2 & 3
Increasing to 5% 6/7/23

NLA so more of a headsup

2010

Charter 1 yr fix ISA has gone to the top of the table 5.2% £5k min 30 days to fund.

Kazza242

Hello everyone.

I have added the following newly launched fixed rate ISAs to the first post of this thread, here.

Charter Savings Bank:
1 Year fixed rate ISA: 5.20%
2 Year fixed rate ISA: 5.21%

Coventry BS:
2 Year fixed rate ISA: 5.20%

Cynergy Bank:
1 Year fixed rate ISA: 5.00%
2 Year fixed rate ISA: 5.00%
3 Year fixed rate ISA: 5.00%

Skipton BS: 
18 Months: 5.00%

Tesco Bank:
1 Year fixed rate ISA: 5.00%

Zopa:
1 Year fixed rate ISA: 5.06%
2 Year fixed rate ISA: 5.16%
3 Year fixed rate ISA: 5.21%
4 Year fixed rate ISA: 5.00%
5 Year fixed rate ISA: 5.00%

code_hunter_2

Kent Reliance - attractive 1yr fixed rate as can top-up throughout the year. 

2yr Fixed Rate ISA: 5.12%
1yr Fixed Rate ISA: 5.10%

intalex

Would be useful to know which other banks allow further deposits (e.g. new tax year allowances) into fixed rate ISAs, I know Shawbrook's T&Cs appear to imply they do, and I recall Santander may also have allowed it, but looking to hear if any of the higher rate offerings do so too... TIA

jordan8693

I opened a Lloyds 4.95% ISA 4 days ago but haven't deposited any money as I haven't received my login details in the post yet. I see that Charter Savings bank has gone up to 5.2% now, am I stuck with Lloyds because you can only open one ISA in a tax year, or could I open a new Charter Savings account and just not deposit money in the Lloyds account?

2010

jordan8693 said:

I opened a Lloyds 4.95% ISA 4 days ago but haven't deposited any money as I haven't received my login details in the post yet. I see that Charter Savings bank has gone up to 5.2% now, am I stuck with Lloyds because you can only open one ISA in a tax year, or could I open a new Charter Savings account and just not deposit money in the Lloyds account?

You can open as many ISA as you like but you can only fund one a year with new money.
So yes you can open Charter and forget about Lloyds.