Cash ISAs: The Best Currently Available List

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.

Shedman

rallycurve said:

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?

In the information sheet

"Interest is paid at these fixed rates from the date you open your account until the Maturity Date. This means you’ll earn one rate on your entire account balance."

So quite possibly this might work

2010

How long does it take Natwest to open a 1yr ISA account for a new customer and do they require documents to be uploaded or sent.

intalex

I'm trying to locate the specific term for Shawbrook fixed rate ISAs which uniquely allows paying in of future years' ISA subscriptions, but I can't seem to locate it on the product details PDF or their general T&Cs. Anyone remember where it's located? Thanks

pecunianonolet

intalex said:

I'm trying to locate the specific term for Shawbrook fixed rate ISAs which uniquely allows paying in of future years' ISA subscriptions, but I can't seem to locate it on the product details PDF or their general T&Cs. Anyone remember where it's located? Thanks

You can't pay in future years ISA subscriptions. You can transfer in previous years ISA funds when you open the fix. I remember, but might be wrong, that some have mentioned here that you can also make transfers at a later date. You would need to double check with Shawbrook if transfers have to be initiated at opening or can also be made at a later time.

However, what Shawbrook offers is a funding window over the full term of the fix. Most providers only allow a certain window, e.g. 30 days. So if you take out a 1y fix today you can pay in your 20k allowance for 23/24 until 5th April 2024 and from 6th April 2024 you can pay in you new allowance for 24/25 as your fix would run until 19th July 2024 if taken out today. 

I think somebody pointed out here that the Lloyds ISA fixes also have no funding window but you would need to double check that if of use to you.

intalex

pecunianonolet said:

intalex said:

I'm trying to locate the specific term for Shawbrook fixed rate ISAs which uniquely allows paying in of future years' ISA subscriptions, but I can't seem to locate it on the product details PDF or their general T&Cs. Anyone remember where it's located? Thanks

You can't pay in future years ISA subscriptions. You can transfer in previous years ISA funds when you open the fix. I remember, but might be wrong, that some have mentioned here that you can also make transfers at a later date. You would need to double check with Shawbrook if transfers have to be initiated at opening or can also be made at a later time.

However, what Shawbrook offers is a funding window over the full term of the fix. Most providers only allow a certain window, e.g. 30 days. So if you take out a 1y fix today you can pay in your 20k allowance for 23/24 until 5th April 2024 and from 6th April 2024 you can pay in you new allowance for 24/25 as your fix would run until 19th July 2024 if taken out today. 

I think somebody pointed out here that the Lloyds ISA fixes also have no funding window but you would need to double check that if of use to you.

Thanks, I did mean paying in future years' ISA subscriptions in the respective future years. Where in the T&Cs is this stated, as I seemed to have found it in a previous version of the product a few months ago, but have lost memory of where exactly.

pecunianonolet

intalex said:

pecunianonolet said:

intalex said:

I'm trying to locate the specific term for Shawbrook fixed rate ISAs which uniquely allows paying in of future years' ISA subscriptions, but I can't seem to locate it on the product details PDF or their general T&Cs. Anyone remember where it's located? Thanks

You can't pay in future years ISA subscriptions. You can transfer in previous years ISA funds when you open the fix. I remember, but might be wrong, that some have mentioned here that you can also make transfers at a later date. You would need to double check with Shawbrook if transfers have to be initiated at opening or can also be made at a later time.

However, what Shawbrook offers is a funding window over the full term of the fix. Most providers only allow a certain window, e.g. 30 days. So if you take out a 1y fix today you can pay in your 20k allowance for 23/24 until 5th April 2024 and from 6th April 2024 you can pay in you new allowance for 24/25 as your fix would run until 19th July 2024 if taken out today. 

I think somebody pointed out here that the Lloyds ISA fixes also have no funding window but you would need to double check that if of use to you.

Thanks, I did mean paying in future years' ISA subscriptions in the respective future years. Where in the T&Cs is this stated, as I seemed to have found it in a previous version of the product a few months ago, but have lost memory of where exactly.

https://www.shawbrook.co.uk/media/5777/1-year-fixed-rate-cash-isa-bond-78.pdf

Page 2 point 3:

"Please note that the Bank reserves the right to withdraw this product at any time. If the product is withdrawn, you can continue to put more money into your account until the expiry of the fixed term."

Shedman

Noticed this added to the top of the RBS Fixed ISA page today (and pretty sure it wasn't there yesterday) so maybe not as long to open it as I had hoped

"Available until 5pm on 09 August 2023 to new customers and 14 August 2023 to existing customers. Please note that these issues may be withdrawn early due to limited availability. "

virgo17

Shedman said:

Noticed this added to the top of the RBS Fixed ISA page today (and pretty sure it wasn't there yesterday) so maybe not as long to open it as I had hoped

"Available until 5pm on 09 August 2023 to new customers and 14 August 2023 to existing customers. Please note that these issues may be withdrawn early due to limited availability. "

I noticed this yesterday afternoon and realised that the existing ISA I was going to transfer wouldn't mature until after that date unfortunately.

GlasgowExpat2

Shedman said:

Noticed this added to the top of the RBS Fixed ISA page today (and pretty sure it wasn't there yesterday) so maybe not as long to open it as I had hoped

"Available until 5pm on 09 August 2023 to new customers and 14 August 2023 to existing customers. Please note that these issues may be withdrawn early due to limited availability. "

I’m sure the terms were there yesterday. Trying to apply as an existing NatWest customer but saying “Sorry, this service is not available at the moment”