Cash ISAs: The Best Currently Available List

tunde10

tunde10 said:

I've just opened the 5.4% Coventry 2yr ISA. I've already initiated a transfer from Virgin Money of £63k as part of the application.

Then i see the upcoming Lloyd & Bank of Scotland 2yr ISA's at 5.5%.

What is the best way to play this? Wait for the transfer to complete from Virgin then request another transfer out?

I see those Lloyds & Bank of Scotland accounts don't allow transfer in? I may not need to do anything then.

ForumUser7

tunde10 said:

tunde10 said:

I've just opened the 5.4% Coventry 2yr ISA. I've already initiated a transfer from Virgin Money of £63k as part of the application.

Then i see the upcoming Lloyd & Bank of Scotland 2yr ISA's at 5.5%.

What is the best way to play this? Wait for the transfer to complete from Virgin then request another transfer out?

I see those Lloyds & Bank of Scotland accounts don't allow transfer in? I may not need to do anything then.

The current issue of the 1 year for Lloyds says

"Bear in mind:

• ...
• you must not have already saved in a cash ISA this tax year, unless you're going to complete an ISA transfer. ..."
  

Which suggests ISA Transfer is possible. Where did you see that transfers aren't permitted?

Noneforit999

tunde10 said:

tunde10 said:

I've just opened the 5.4% Coventry 2yr ISA. I've already initiated a transfer from Virgin Money of £63k as part of the application.

Then i see the upcoming Lloyd & Bank of Scotland 2yr ISA's at 5.5%.

What is the best way to play this? Wait for the transfer to complete from Virgin then request another transfer out?

I see those Lloyds & Bank of Scotland accounts don't allow transfer in? I may not need to do anything then.

That would be surprising considering they are two major banks.

Annoyingly I have just opened a Charter one at 5.2% and opted to transfer in, transfer has not happened yet but no idea if I can stop it and not sure its worth it for 0.2%. 

2010

Charter allow you to fund within 30 days of opening but if a higher rate comes out during those 30 days, do they upgrade you to it?

razord

Marcus's EA (and Sage, presumably) up to 4%.

Just enough to keep me with them!

TiVo_Lad

Noneforit999 said:

Annoyingly I have just opened a Charter one at 5.2% and opted to transfer in, transfer has not happened yet but no idea if I can stop it and not sure its worth it for 0.2%. 

You can stop the transfer. Just contact your existing ISA Provider (the one that holds the ISA that you wanted to transfer OUT) and tell them. They will then refuse the transfer request.

StayinAlive

I have the Skipton eISA Saver Issue 12. I just checked to confirm the current rate of interest on their website and it appears to me to be NLA. The only equivalent available account is now the Cash ISA Saver Issue 19 at 3.8% (as opposed to the eISA at 3.45%). Don't know if anyone else is in the same boat but any downside in transferring?

tunde10

ForumUser7 said:

tunde10 said:

tunde10 said:

I've just opened the 5.4% Coventry 2yr ISA. I've already initiated a transfer from Virgin Money of £63k as part of the application.

Then i see the upcoming Lloyd & Bank of Scotland 2yr ISA's at 5.5%.

What is the best way to play this? Wait for the transfer to complete from Virgin then request another transfer out?

I see those Lloyds & Bank of Scotland accounts don't allow transfer in? I may not need to do anything then.

The current issue of the 1 year for Lloyds says

"Bear in mind:

• ...
• you must not have already saved in a cash ISA this tax year, unless you're going to complete an ISA transfer. ..."
  

Which suggests ISA Transfer is possible. Where did you see that transfers aren't permitted?

Thanks for confirming. I tried to find about transfer in but couldn't see anything. 

Plus because it said you can contribute £3k to max of £20k made me think no transfer in. But they must just be talking about this tax Yr contribution.

Glad to be proven wrong. I will contact open the accounts when they go live and initiate another transfer... 

alternate

StayinAlive said:

I have the Skipton eISA Saver Issue 12. I just checked to confirm the current rate of interest on their website and it appears to me to be NLA. The only equivalent available account is now the Cash ISA Saver Issue 19 at 3.8% (as opposed to the eISA at 3.45%). Don't know if anyone else is in the same boat but any downside in transferring?

nope, should take about 2 minutes.

JGal

ForumUser7 said:

https://www.express.co.uk/finance/personalfinance/1788188/Lloyds-Bank-Halifax-increase-interest-rates-savings-account

Surprisingly some table topping FRISAs to be realised in this article

BOS fixed cash ISAs:

You can open this account if:

• You haven't already saved in a cash ISA this tax year, unless you're going to complete an ISA transfer. You would need to transfer over all the money you saved in this tax year. This includes Help to Buy: ISAs and cash ISAs with other banks

This literally reads like I'd have transfer all my 2023-24 ISA money, which I can't as it's in another fixed rate account. Maybe this is saying if I wanted to transfer any 2023-24 money you have to transfer it all, but you don't have to transfer any of this year's money and can do part year's transfer prior to 2023-24.