Cash ISAs: The Best Currently Available List

billn

Can anyone tell me why Vanquis 3 year fixed rate ISA isn't on the best ISA list, it is higher that the current top of the list by quite a margin?

bristolleedsfan

billn said:

Can anyone tell me why Vanquis 3 year fixed rate ISA isn't on the best ISA list, it is higher that the current top of the list by quite a margin?

My eyes are not the best, I cannot see any ISA accounts fixed rate or otherwise 
https://www.vanquis.co.uk/savings

JGal

Shedman said:

Eirambler said:

RBS/NatWest being RBS/NatWest I see. Knowing them, there'll be interest paid until the formal start date alright, but probably at some lower rate that's hidden away in the corner of a Ts&Cs webpage somewhere.

My advice would be to do yourself a favour and just use a bank that's fair and transparent, not that bunch of absolute chancers.

My RBS 2 Year ISA is now open and I can see it on the app.  Despite no funds in there yet (as doing a transfer in) it states on the account under View Interest Rate tab "Your interest rate is 5.90% tax free. This is based on your balance at close of business on 19 July 2023".

So seems clear to me you get the correct interest rate from date of opening

I've just had a chat session with a Natwest advisor who's adamant that interest isn't accrued before the "starting date", which just doesn't sound right to me.

billn

bristolleedsfan said:

billn said:

Can anyone tell me why Vanquis 3 year fixed rate ISA isn't on the best ISA list, it is higher that the current top of the list by quite a margin?

My eyes are not the best, I cannot see any ISA accounts fixed rate or otherwise 
https://www.vanquis.co.uk/savings

I don't know if I'm seeing things, about 2 hours ago Moneysupermarket had a Vanquis 3 year fixed rate ISA at 6.05% and now it isn't there.

Sorry to waste peoples time.

Stargunner

JGal said:

Shedman said:

Eirambler said:

RBS/NatWest being RBS/NatWest I see. Knowing them, there'll be interest paid until the formal start date alright, but probably at some lower rate that's hidden away in the corner of a Ts&Cs webpage somewhere.

My advice would be to do yourself a favour and just use a bank that's fair and transparent, not that bunch of absolute chancers.

My RBS 2 Year ISA is now open and I can see it on the app.  Despite no funds in there yet (as doing a transfer in) it states on the account under View Interest Rate tab "Your interest rate is 5.90% tax free. This is based on your balance at close of business on 19 July 2023".

So seems clear to me you get the correct interest rate from date of opening

I've just had a chat session with a Natwest advisor who's adamant that interest isn't accrued before the "starting date", which just doens't sound right to me.

It's not right and a lot of advisors are clueless.

Kazza242

The Virgin Money Easy Access Cash ISA Exclusive (issue 2) interest rate has increased to 4.25% today.

P11D

JGal said:

Shedman said:

Eirambler said:

RBS/NatWest being RBS/NatWest I see. Knowing them, there'll be interest paid until the formal start date alright, but probably at some lower rate that's hidden away in the corner of a Ts&Cs webpage somewhere.

My advice would be to do yourself a favour and just use a bank that's fair and transparent, not that bunch of absolute chancers.

My RBS 2 Year ISA is now open and I can see it on the app.  Despite no funds in there yet (as doing a transfer in) it states on the account under View Interest Rate tab "Your interest rate is 5.90% tax free. This is based on your balance at close of business on 19 July 2023".

So seems clear to me you get the correct interest rate from date of opening

I've just had a chat session with a Natwest advisor who's adamant that interest isn't accrued before the "starting date", which just doens't sound right to me.

I have rung NatWest and spoken to their UK ISA team and they confirm 100% that interest is added from the day money is deposited into your open account. She also confirmed you can have both RBS and NatWest ISA and they come with separate £85k FSCS cover as eventhough they are part of the same group they have separate allowances. I also checked on FSCS website and it confirmed what she said.

intalex

Kazza242 said:

The Virgin Money Easy Access Cash ISA Exclusive (issue 2) interest rate has increased to 4.25% today.

No movement on the fixed rate ISAs though despite dropping in the rate tables, I wonder if this time they will allow more 14 day cooling off periods to lapse before acting...

Bigwheels1111

intalex said:

Kazza242 said:

The Virgin Money Easy Access Cash ISA Exclusive (issue 2) interest rate has increased to 4.25% today.

No movement on the fixed rate ISAs though despite dropping in the rate tables, I wonder if this time they will allow more 14 day cooling off periods to lapse before acting...

I’ve waited until today to move mine, 5.5% to 5.55%.
This will get me to the boe rise in 2 weeks.
I expect rate to rise just beforehand, probably just after as well.
I can hope.

intalex

Bigwheels1111 said:

intalex said:

Kazza242 said:

The Virgin Money Easy Access Cash ISA Exclusive (issue 2) interest rate has increased to 4.25% today.

No movement on the fixed rate ISAs though despite dropping in the rate tables, I wonder if this time they will allow more 14 day cooling off periods to lapse before acting...

I’ve waited until today to move mine, 5.5% to 5.55%.
This will get me to the boe rise in 2 weeks.
I expect rate to rise just beforehand, probably just after as well.
I can hope.

I've just followed suit and downgraded from 3y to 2y and reset the cooling off period...