Cash ISAs: The Best Currently Available List

Jopo1

This is from the NAtwest ISA information sheet.  Interest is paid at the published rate of 5.7% /5.9% from the day you open the ISA. 
It's there in black (purple) and white, so any advisor on the phone who said otherwise is wrong!

Jopo

savit4l8er

I wonder why they quote a rate for <£20 and the same for £20k plus yet they are the same rate.  Wouldn't it be more straightforward to just say the 1 year fix is 5.7 on any balance and the 2 year 5.9.  Genuine question, if there is a reason, it would be helpful to know should I see another provider do the same. 🙂

uk1

savit4l8er said:

I wonder why they quote a rate for <£20 and the same for £20k plus yet they are the same rate.  Wouldn't it be more straightforward to just say the 1 year fix is 5.7 on any balance and the 2 year 5.9.  Genuine question, if there is a reason, it would be helpful to know should I see another provider do the same. 🙂

Might it simply be a box for those buying up to their maximum annual entitlement this year and the other for transfers in?

savit4l8er

uk1 said:

savit4l8er said:

I wonder why they quote a rate for <£20 and the same for £20k plus yet they are the same rate.  Wouldn't it be more straightforward to just say the 1 year fix is 5.7 on any balance and the 2 year 5.9.  Genuine question, if there is a reason, it would be helpful to know should I see another provider do the same. 🙂

Might it simply be a box for those buying up to their maximum annual entitlement this year and the other for transfers in?

I don't know, I suppose buying up to the max would be £20k.

vic_sf49

I'm finding some of the Natwest info very strange, including all the funding dates/deadlines and those "tiered rates" that are paid at identical rates.... Just opened the 2 yr one though.

Silverweed

Virgin fixed Isas - if opting for monthly interest does anyone know please do you need to decide at the outset if it is paid back into the Isa or to a nominated account. Just wondering if you can change interest destination during the term if need be. 

Bigwheels1111

Silverweed said:

Virgin fixed Isas - if opting for monthly interest does anyone know please do you need to decide at the outset if it is paid back into the Isa or to a nominated account. Just wondering if you can change interest destination during the term if need be. 

When you sign up it states paid annually, from memory.
But it tells you once open you can go into your account and change how you receive you interest.
Just logged in to mine.
I can only find my interest is paid annually, there is a section on the right for where interest is paid.

bigbars

Silverweed said:

Virgin fixed Isas - if opting for monthly interest does anyone know please do you need to decide at the outset if it is paid back into the Isa or to a nominated account. Just wondering if you can change interest destination during the term if need be. 

No differentiation on the t+c pdf for the fixed isa it seems, Not sure specifically if it is different on monthly interest, but on my annual interest cash isa, You can amend the interest destination under the amend details section > amend internet details account details.

Silverweed

Thank you Bigwheels1111 and Deleted_Userlj.  I love this thread, everyone is so helpful.

jpsman

vic_sf49 said:

I'm finding some of the Natwest info very strange, including all the funding dates/deadlines and those "tiered rates" that are paid at identical rates.... Just opened the 2 yr one though.

Yorkshire BS's Internet Saver account has three tiers, all identical. On their web page it states:

The rates we offer in the different tiers can vary and sometimes might be the same.

So with NatWest it's probably just because the tiered interest rates have been different in the past and they might vary them again in the future.