Cash ISAs: The Best Currently Available List

Bigwheels1111

Come on Virgin, Beat them.

Im within my 14 cooling off period.

NotWhereIWantToBe

Bigwheels1111 said:

Come on Virgin, Beat them.

Im within my 14 cooling off period.

@Bigwheels1111 I’ve been following your Virgin isa adventures because I’m new to all this. I took the plunge at 5.2% on 3 years - can I now change that to another 3 year one at 5.55% ? 

I’m in my 14 day cooling off period. 

Hope you don’t mind me asking. 

Bigwheels1111

NotWhereIWantToBe said:

Bigwheels1111 said:

Come on Virgin, Beat them.

Im within my 14 cooling off period.

@Bigwheels1111 I’ve been following your Virgin isa adventures because I’m new to all this. I took the plunge at 5.2% on 3 years - can I now change that to another 3 year one at 5.55% ? 

I’m in my 14 day cooling off period. 

Hope you don’t mind me asking. 

Yes, just login.
My account.
Scroll down, open new savings.
Select the 3 year ISA at 5.55%.
There are 3 or 4 boxes to tick and a drop-down box, fund with old ISA.
Click next or whatever it asks.
The new isa is open and rate plus interest will be added tomorrow.
Im doing mine Friday.

rallycurve

bristolleedsfan said:

Wow for ISA rate competition 

Natwest/RBS 1 Year 5.70% --------------- 2 Year  5.90%

Reading the t&c I think you can withdraw money up until 1st September without paying a fee? This is unusual

bristolleedsfan

rallycurve said:

bristolleedsfan said:

Wow for ISA rate competition 

Natwest/RBS 1 Year 5.70% --------------- 2 Year  5.90%

Reading the t&c I think you can withdraw money up until 1st September without paying a fee? This is unusual

That is due to Fixed rate ISA not starting until 04 September 2023

It is not Natwest ISA itself that I thought "wow" more the leap in rates which others might match or beat.

NotWhereIWantToBe

Bigwheels1111 said:

NotWhereIWantToBe said:

Bigwheels1111 said:

Come on Virgin, Beat them.

Im within my 14 cooling off period.

@Bigwheels1111 I’ve been following your Virgin isa adventures because I’m new to all this. I took the plunge at 5.2% on 3 years - can I now change that to another 3 year one at 5.55% ? 

I’m in my 14 day cooling off period. 

Hope you don’t mind me asking. 

Yes, just login.
My account.
Scroll down, open new savings.
Select the 3 year ISA at 5.55%.
There are 3 or 4 boxes to tick and a drop-down box, fund with old ISA.
Click next or whatever it asks.
The new isa is open and rate plus interest will be added tomorrow.
Im doing mine Friday.

Great , thanks. Is there any merit in waiting until closer to the end of my cooling off period do you think ? I funded mine on 11th July and opened it the 10th. 

Many thanks. 

rallycurve

But do you get the 5.70%/5.90% rate in the meantime? Could you effectively use it as an easy access until then at a higher rate?

Bigwheels1111

NotWhereIWantToBe said:

Bigwheels1111 said:

NotWhereIWantToBe said:

Bigwheels1111 said:

Come on Virgin, Beat them.

Im within my 14 cooling off period.

@Bigwheels1111 I’ve been following your Virgin isa adventures because I’m new to all this. I took the plunge at 5.2% on 3 years - can I now change that to another 3 year one at 5.55% ? 

I’m in my 14 day cooling off period. 

Hope you don’t mind me asking. 

Yes, just login.
My account.
Scroll down, open new savings.
Select the 3 year ISA at 5.55%.
There are 3 or 4 boxes to tick and a drop-down box, fund with old ISA.
Click next or whatever it asks.
The new isa is open and rate plus interest will be added tomorrow.
Im doing mine Friday.

Great , thanks. Is there any merit in waiting until closer to the end of my cooling off period do you think ? I funded mine on 11th July and opened it the 10th. 

Many thanks. 

I’m waiting until Friday, because the boe should raise rates in 16 days time.
Rates tend to go up a few days before and occasionally afterwards.
I will keep my options open this way.

TheWoodler

Interesting one. Leeds met my criteria as I only have a small amount saved with them so their current ISA offer allowed me headroom under £85k for my fixed ISA that matures elsewhere soon for a transfer-in. 

As I can’t use the phone, I sent a secure message to ask a couple of questions. No reply. They don’t have a chat facility (& their back end portal is pretty old-fashioned too). 

Lloyd’s answered my questions by webchat, also confirming, as PPs have  said, that you can pay in over 12 months. So opening now for a transfer-in, in the near future but in just over 14 days’ time, is not a problem, and will not lead to automatic closure if left unfunded for 14+ days (although I still can close in the cooling-off period if a better rate comes in between now and then). 

As I haven’t saved with them before, it also meets the headroom requirement for me, and converts to an instant Cash ISA on maturity, which makes decision-making and access for future transfers a little easier too.

Impressed with their CS and slick web operation - so far! 

No sooner do I do this than NatWest trumps the offer . . . 

For now Leeds has lost the business to Lloyd’s - slightly lower rate, but timely and accessible. Sometimes there’s a bit of a trade-off between different requirements for me, and it’s happened in this instance. 

Shedman

rallycurve said:

bristolleedsfan said:

Wow for ISA rate competition 

Natwest/RBS 1 Year 5.70% --------------- 2 Year  5.90%

Reading the t&c I think you can withdraw money up until 1st September without paying a fee? This is unusual

In addition the early closure penalty once its started is the lower of 90 days interest or the amount earnt to date of closure (eg close after 30 days you only suffer 30 days penalty) so you never fall below your initial investment.  And this seems to apply to both 1 year and 2 year so quite remarkable.   

Plus as an existing customer you have until 14 Aug to open it and 1 Sept to fund it so plenty of time to see what happens after next BoE announcement.