Cash ISAs: The Best Currently Available List

Kazza242

em_h said:

Kazza242 I think 'Rate guarantee?' under Skipton BS Cash ISA Saver (issue 19)  should be No (unless I've misunderstood - it's not a base rate tracker account)

Great list - thank you!

The Rate guarantee' was actually a legacy field.  I'd removed it from most of the other ISAs on the list, but must have forgotten this one.  All gone now.   

bigbars

kipsterno1 said:

LDeleted_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.

Interesting tactic. So following that method, expecting 1 more boe increase in August.

my 14 day cooling off period for my current virgin 1 year fix which is 4.75% finishes on Saturday 8th July, so I could move to a 2 year fix of 5.15%, the 14 day cooling off period counter would then be reset again and finish 21st July. Move back to a 1 year which is currently 5.05% which would then have a cooling off period that ends 4th august. In the hope the next boe meeting on the 3rd August includes a rise and virgin increase their rates accordingly then I could do one final move to their newest 1 year fix on 4th. 

I know it’s a faff to get 0.5% but it all helps…Does that all sound plausible?

pecunianonolet

Deleted_Userlj said:

kipsterno1 said:

LDeleted_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.

Interesting tactic. So following that method, expecting 1 more boe increase in August.

my 14 day cooling off period for my current virgin 1 year fix which is 4.75% finishes on Saturday 8th July, so I could move to a 2 year fix of 5.15%, the 14 day cooling off period counter would then be reset again and finish 21st July. Move back to a 1 year which is currently 5.05% which would then have a cooling off period that ends 4th august. In the hope the next boe meeting on the 3rd August includes a rise and virgin increase their rates accordingly then I could do one final move to their newest 1 year fix on 4th. 

I know it’s a faff to get 0.5% but it all helps…Does that all sound plausible?

Perhaps possible to do this but what's the risk of getting caught gaming their system and getting banned? Not sure I'd like to take that risk myself, although it is attractive.

Do they credit the interest every time there is a move?

bristolleedsfan

pecunianonolet said:

Deleted_Userlj said:

kipsterno1 said:

LDeleted_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.

Interesting tactic. So following that method, expecting 1 more boe increase in August.

my 14 day cooling off period for my current virgin 1 year fix which is 4.75% finishes on Saturday 8th July, so I could move to a 2 year fix of 5.15%, the 14 day cooling off period counter would then be reset again and finish 21st July. Move back to a 1 year which is currently 5.05% which would then have a cooling off period that ends 4th august. In the hope the next boe meeting on the 3rd August includes a rise and virgin increase their rates accordingly then I could do one final move to their newest 1 year fix on 4th. 

I know it’s a faff to get 0.5% but it all helps…Does that all sound plausible?

Perhaps possible to do this but what's the risk of getting caught gaming their system and getting banned? Not sure I'd like to take that risk myself, although it is attractive.

Do they credit the interest every time there is a move?

Yes they do pay interest, risk of them tightening up due to some having too much to say on a forum.

jordan8693

Bigwheels1111 said:

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?

How many years is the Charter ISA, 3 years ?.
‘If so I would opt for the Virgin money ISA, 5.2% for 3 years but only 120 day penalty to exit the ISA

The charter account is 1 year.

When I opened a Lloyds ISA last week I got an account number and sort code but no login details. There was also an email saying that if I registered for online banking I would receive login details in the post within 7 days. I assumed I had registered because I didn't have an existing Lloyds account. It's now 7 days later and I haven't received any login details, is this normal? Do they just give you an account number and sort code and that's it, no online account to manage it?

kipsterno1

Deleted_Userlj said:

I know it’s a faff to get 0.5% but it all helps…Does that all sound plausible?

It may only be a small increase each time but overall the rate has gone from 4.11% to 5.05%.

I wouldn't time the transfer for the very last day just incase there is an IT issue. I would rather time it for day 12 of the cooling off period. 

pecunianonolet said:

Perhaps possible to do this but what's the risk of getting caught gaming their system and getting banned? Not sure I'd like to take that risk myself, although it is attractive.

Do they credit the interest every time there is a move?

Yes they credit the interest.

ForumUser7

Leeds BS Limited Issue 18 Month Fixed Rate ISA (Issue 2) 5.25%
Chorley Building Society Easy Access Cash ISA (3 Withdrawals) 4.05%
Gatehouse Bank Easy Access Cash ISA 4.00%

Source ~ MoneyFacts

Consumerist

jordan8693 said:

When I opened a Lloyds ISA last week I got an account number and sort code but no login details. There was also an email saying that if I registered for online banking I would receive login details in the post within 7 days. I assumed I had registered because I didn't have an existing Lloyds account. It's now 7 days later and I haven't received any login details, is this normal? Do they just give you an account number and sort code and that's it, no online account to manage it?

I would assume that means within 7 'working' days before making further enquiries. In my experience, Lloyds can be a bit slow with postal comms.

ForumUser7

Coventry BS Fixed Rate ISA (220) 30.09.2025 5.40%

Coventry BS Fixed Rate ISA (219) 30.09.2024 5.30%

Source ~ MoneyFacts

Noneforit999

Just opened the Charter 5.2% one. £20k in another cash ISA with Marcus from last year only paying 3.64% so I figured I would transfer it. 40% tax payer means a normal account takes me well over the allowance and according to the guide, I would need to get 6.5% in normal savings to make it worth not having the ISA which is not possible at the moment.