Cash ISAs: The Best Currently Available List

dlevene

Interesting. Presumably one needed to be a transfer and the other a new account?

refluxer

r6mile said:

As an unlimited access flexible ISA this Principality account at 4.2% seems very attractive and I could consolidate. However if the ISA transfer takes ages and must be done by post etc I wonder if it’s worthwhile? Any advice very welcome. I also wonder how quick transfers out are?

dlevene said:

I suppose 15 working days isn't too horrendous, but that has settled my mind on whether to transfer from 4.1% on Coventry now, or wait until the next BoE decision (ie. rise!)

If it helps either of you, I just checked back through my records and a transfer I did into the Principality (from the Nationwide, a few years ago) took a total of 10 days and another transfer out (to Paragon last year) took 16 days, so both were within the 15 working day ISA transfer time-frame. When doing an ISA transfer which involves one (or both) provider(s) who aren't a member of the BACs ISA transfer service, then you have to send transfer forms by post and funds are presumably sent between the providers via cheque.

I actually held their Online ISA for a while, but transferred away to a fixed rate earlier this year. I never made a withdrawal during the time I held the account, but payments into my Principality Regular Savers tend to take anything from a few hours to the next working day to show and the balances from any requested account closures tend to show up the following working day. 

FWIW, I wouldn't personally bother transferring to their Online ISA for the sake of a 0.1% increase, especially at the moment with rates increasing all the time and another BoE meeting just weeks away.

r6mile

Thanks a lot, yes the incentive I guess is not the 0.1% over Coventry but rather the fact it’s an unlimited flexible ISA, so could also replace my Newcastle BS tracker easy saver at 4.3%.

bristolleedsfan

dlevene said:

Interesting. Presumably one needed to be a transfer and the other a new account?

Period of time that both YBS loyalty versions were available covered two different tax years.

aaj123

Principality BS are clearly determined to stay on top of the Easy access ISA best buy tables. And don't forget the added benefit of being a 'Flexible ISA'.

jpsman

@refluxer The list you found, on an earlier thread, of places that do BACs ISA transfers is defo worth bearing in mind: https://www.cynergybank.co.uk/personal/cash-isa-fixed-variable-rate/cash-isa-transfers/

A long list and Principality not on it. Thanks, @refluxer

refluxer

Other ISA providers who aren't on the BACs ISA transfer list include :

• Castle Trust
• Kent Reliance
• Hodge Bank 

...and many of the smaller building societies like the Leek BS or Hanley Economic BS.

Noneforit999

Just opened a Lloyds 1 year ISA on 5.45% as I bank with them anyway.

Went to do the transfer but couldn’t find Marcus on the list so I called Lloyds and waited 30 mins to be told they would send me a form which would take 3-5 days as Marcus doesn’t do electronic transfers. 

Feels very 90s having to fill in forms so hopefully it all goes through. 

GlasgowExpat2

rallycurve said:

soulsaver said:

Hal17 said:

I am in the process of receiving funds from my Vanguard S&S ISA into various cash Isas.

The Virgin Money account is very good in that you can upgrade to the latest version which is now showing 5.3% for a one year fix.

I am disappointed that Shawbrook have no such facility and their 14 day cooling off period is 14 days from when the account is opened, not when they received funds.

So stuck at 4.63% for the next 12 months with Shawbrook. Remember that S&S ISA transfers take longer and at this time when interest rates are changing quickly its a bit of a lottery.

Virgin upgrade? I must have missed that. From an earlier fix? At no cost?

Only free if within the 14 day cooling off period

Is the 14 day cooling period for Virgin after you’ve funded it. I opened it on Monday so if I don’t fund it until 7 August have I got a further 14 days if the rate increases?

Eirambler

r6mile said:

Thanks a lot, yes the incentive I guess is not the 0.1% over Coventry but rather the fact it’s an unlimited flexible ISA, so could also replace my Newcastle BS tracker easy saver at 4.3%.

Wouldn't move for that at the moment - there will be unlimited access ISAs at that rate it higher within weeks I'd expect.