Cash ISAs: The Best Currently Available List

NotWhereIWantToBe

Hi I have a couple of quick questions for those who have the Virgin ISA - I have just opened a 3 year one and plan to put the full £20K in it . Did you all send test payments before transferring large sums ?
It says it will confirm within 5 days that the account is open - do I need to wait for this to happen before moving money across ? 

Bigwheels1111

I moved £10 in and was in the account within 60 minutes, or less.
Then I funded it properly the same day.

jase.2

NotWhereIWantToBe said:

Hi I have a couple of quick questions for those who have the Virgin ISA - I have just opened a 3 year one and plan to put the full £20K in it . Did you all send test payments before transferring large sums ?
It says it will confirm within 5 days that the account is open - do I need to wait for this to happen before moving money across ? 

I transferred existing isa into it and it was there within 4 days so quicker than I expected 

JGal

refluxer said:

JGal said:

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.

Those are standard ISA T&C's. They're saying that if you've already paid into a cash ISA using money from your 2023-24 tax year allowance and want to open this one, then you'd have to transfer all of the 2023-24 tax year subscriptions from the existing ISA into it.

I can understand them saying that if I want to transfer money which I've invested in an ISA during the current year, that I must transfer all of it, but strange that they insist you must transfer all your current year's subscription, regardless. I put £20k new money in a fixed cash ISA back in May, so the BOS rule seems to exclude me opening one with them as transferring in 2022-23 money (and earlier). 

Merry_Mawkin

t1redmonkey said:

Bigwheels1111 said:

t1redmonkey said:

kipsterno1 said:

Virgin have released their latest issues at 5.3%, 5.4% and 5.5% for the one, two and three year fixed rates.

Looks like another transfer!

Just in time; I think my cooling off period was going to end tomorrow so I've now transferred to the new rate

How did you move it, Online or phone.

Me too, on hold to get it moved now.

Can do it online, only takes about 2 minutes.  Scroll down to bottom of the main page and there is a button that says something like 'View our savings range', click that.  Then follow steps afterwards.  There is a question somewhere in the process that asks if you want to fund it from an existing account so you just choose yes to that and select the account you're closing.

Just done mine as well.

refluxer

JGal said:

refluxer said:

JGal said:

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.

Those are standard ISA T&C's. They're saying that if you've already paid into a cash ISA using money from your 2023-24 tax year allowance and want to open this one, then you'd have to transfer all of the 2023-24 tax year subscriptions from the existing ISA into it.

I can understand them saying that if I want to transfer money which I've invested in an ISA during the current year, that I must transfer all of it, but strange that they insist you must transfer all your current year's subscription, regardless. I put £20k new money in a fixed cash ISA back in May, so the BOS rule seems to exclude me opening one with them as transferring in 2022-23 money (and earlier). 

I think you're probably taking things too literally. They're not saying you have to transfer an ISA containing money from the current tax year in order to open the account - they're just saying that if you've already paid subscriptions from the current tax year into a different ISA and want to open this one and also pay into it, then you'll have to transfer those subscriptions into this one first. This is so that the money stays together in order to stay within the ISA rules. You'll also be free to transfer in ISAs containing contributions from previous tax years instead if you want to.

ForumUser7

Principality Online ISA -> 4.20% ~ MoneyFacts

Zuzi

Lloyds have indeed increased their 1 year and 2 year fixed rates, as per that Express article last week - with a preferential bonus of 0.05 for current account holders you now get 5.5% on one year and 5.55% on two years.

Just tried to open one of them, and it asks you where you want to receive the interest. Say I want it to go monthly to my current account with a different bank - will it still be tax-free?? It will leave the "wrapper" as I see it, so thought I would double-check...

Bigwheels1111

Zuzi said:

Lloyds have indeed increased their 1 year and 2 year fixed rates, as per that Express article last week - with a preferential bonus of 0.05 for current account holders you now get 5.5% on one year and 5.55% on two years.

Just tried to open one of them, and it asks you where you want to receive the interest. Say I want it to go monthly to my current account with a different bank - will it still be tax-free?? It will leave the "wrapper" as I see it, so thought I would double-check...

ISA interest is tax free, the end.
Interest would be paid into your nominated account, then you can send it we’re you want.

Steve_xx

Bigwheels1111 said:

Zuzi said:

Lloyds have indeed increased their 1 year and 2 year fixed rates, as per that Express article last week - with a preferential bonus of 0.05 for current account holders you now get 5.5% on one year and 5.55% on two years.

Just tried to open one of them, and it asks you where you want to receive the interest. Say I want it to go monthly to my current account with a different bank - will it still be tax-free?? It will leave the "wrapper" as I see it, so thought I would double-check...

ISA interest is tax free, the end.
Interest would be paid into your nominated account, then you can send it we’re you want.

Yes, the ISA interest is certainly tax free, but once that interest is paid to an account outside of the ISA it is no longer accumulating interest within the ISA!