Cash ISAs: The Best Currently Available List

uk1

2010 said:

I think if people are giving informative comments regarding ISA accounts it`s acceptable for them to do so.
Previously I asked about the Virgin shuffle and how to go about it and received two helpful replies which were appreciated.

If someone wants a Best Cash ISA no chat thread, they are perfectly entitled to open one.

I agree.  The discussion about the method of shuffling within the initial 14 day period very simply between Virgin  fixed ISAs as they are improved in my view fwiw is another factor in making the Virgin ISA a particularly good choice for many ie one “of the best”.  I think it perfectly acceptable to help each other do so because it is a bit of a knack that many would not otherwise benefit from and to me it seems the whole point of making the effort of sharing and helping each other in this thread.

virgo17

Just to follow on from the post above.

Does the two week shuffle period on the Virgin ISA start from the opening date or the date another ISA is transferred in?

refluxer

Tesco Bank and Zopa have increased the rates of their 1 year fixes to 5.60% and 5.54% respectively. Zopa have also increased the rates on some of their longer fixes slightly, too.

sheslookinhot

uk1 said:

2010 said:

I think if people are giving informative comments regarding ISA accounts it`s acceptable for them to do so.
Previously I asked about the Virgin shuffle and how to go about it and received two helpful replies which were appreciated.

If someone wants a Best Cash ISA no chat thread, they are perfectly entitled to open one.

I agree.  The discussion about the method of shuffling within the initial 14 day period very simply between Virgin  fixed ISAs as they are improved in my view fwiw is another factor in making the Virgin ISA a particularly good choice for many ie one “of the best”.  I think it perfectly acceptable to help each other do so because it is a bit of a knack that many would not otherwise benefit from and to me it seems the whole point of making the effort of sharing and helping each other in this thread.

You could start a Virgin ISA thread ! Otherwise what the point of this thread and all the other threads on this board.

uk1

sheslookinhot said:

uk1 said:

2010 said:

I think if people are giving informative comments regarding ISA accounts it`s acceptable for them to do so.
Previously I asked about the Virgin shuffle and how to go about it and received two helpful replies which were appreciated.

If someone wants a Best Cash ISA no chat thread, they are perfectly entitled to open one.

I agree.  The discussion about the method of shuffling within the initial 14 day period very simply between Virgin  fixed ISAs as they are improved in my view fwiw is another factor in making the Virgin ISA a particularly good choice for many ie one “of the best”.  I think it perfectly acceptable to help each other do so because it is a bit of a knack that many would not otherwise benefit from and to me it seems the whole point of making the effort of sharing and helping each other in this thread.

You could start a Virgin ISA thread ! Otherwise what the point of this thread and all the other threads on this board.

I could but the thread isn’t called the Cash ISAs: Best  RATE ISA thread.  The terms and conditions and flexibilities are all a part of what for many makes an ISA the best or not.  This flexibility and ease of the Virgin ISA should be seen as a factor in it’s favour to consider in determining what is and is not the best for an individual.  It is effectively a fixed rate ISA that could offer an unusually flexible way of increasing your rate for very little effort. The best available ISA ie the thread topic is more than just the rate (to me as others) as I won’t change to a higher rate elsewhere because the ease of using Virgin makes me stay. I’ve “made” a few hundred pounds by understanding this. 

As you feel so pedantic and put out by it instead of asking others not to post what you don’t like, why not start one just for rates and then you will be happy.  

uk1

virgo17 said:

Just to follow on from the post above.

Does the two week shuffle period on the Virgin ISA start from the opening date or the date another ISA is transferred in?

The shuffle date is from the initial deposit date and then starts again from each date you change it.  It becomes a new ISA with the original cancelled.  Some here have nudged a new 14 day period by selecting a different term.  In other words they want a 1 year but transfer to a 2 year simply to nudge the 14 days.   The risk is that the rate on the one you actually want might reduce or be withdrawn, 

virgo17

uk1 said:

The shuffle date is from the initial deposit date and then starts again from each date you change it.  It becomes a new ISA with the original cancelled.  Some here have nudged a new 14 day period by selecting a different term.  In other words they want a 1 year but transfer to a 2 year simply to nudge the 14 days.   The risk is that the rate on the one you actually want might reduce or be withdrawn, 

Thank you very much for this information.

jase.2

uk1 said:

virgo17 said:

Just to follow on from the post above.

Does the two week shuffle period on the Virgin ISA start from the opening date or the date another ISA is transferred in?

The shuffle date is from the initial deposit date and then starts again from each date you change it.  It becomes a new ISA with the original cancelled.  Some here have nudged a new 14 day period by selecting a different term.  In other words they want a 1 year but transfer to a 2 year simply to nudge the 14 days.   The risk is that the rate on the one you actually want might reduce or be withdrawn, 

Like has happened on the 3yr fix. Wouldn’t surprise me if virgin have seen the comments on here about shuffling and dropped the 3yr as a result :-(

my cooling off period ends in two days and undecided on whether to go back to 2 years and hope the 3yrs returns or just leave it 

uk1

jase.2 said:

uk1 said:

virgo17 said:

Just to follow on from the post above.

Does the two week shuffle period on the Virgin ISA start from the opening date or the date another ISA is transferred in?

The shuffle date is from the initial deposit date and then starts again from each date you change it.  It becomes a new ISA with the original cancelled.  Some here have nudged a new 14 day period by selecting a different term.  In other words they want a 1 year but transfer to a 2 year simply to nudge the 14 days.   The risk is that the rate on the one you actually want might reduce or be withdrawn, 

Like has happened on the 3yr fix. Wouldn’t surprise me if virgin have seen the comments on here about shuffling and dropped the 3yr as a result :-(

my cooling off period ends in two days and undecided on whether to go back to 2 years and hope the 3yrs returns or just leave it 

I don’t believe so.  If you look at the differentials between 3 years and the 2 and 1 years over the last week or two it seems to me that the banks seem to be edgy over the long term interest trends particularly with the unexpected faster reduction in the inflation trend.   Many of the longer fixed rates are now lower than the short fixes.

Also it occurs to me that Virgin is happier that the very few rate activists typified here remain with Virgin than defect to another brand.  The activities described here are exactly within the sentiments of the 14 day period and arguably they are successfully building a flexible  competitive brand which is exactly what they want and certainly much cheaper than  losing customers and the consequential cost of replacement customer acquisition.  If they were that bothered they’d lose a few of the very few doing this by simply limiting chages to 15 or 16 days - but it isn’t enough people to bother with imho compared to the much higher cost of customer defection and it would be less nimble and responsive.  So they’d likely lose more than they’d gain.  I think they would be happy to see us talking about how good they are!

FWIW I was pleased to take advantage of the last couple of rate changes but I’m not that bothered about what might be fairly minor rises (if at all) in the next few weeks. 

NotWhereIWantToBe

jase.2 said:

uk1 said:

virgo17 said:

Just to follow on from the post above.

Does the two week shuffle period on the Virgin ISA start from the opening date or the date another ISA is transferred in?

The shuffle date is from the initial deposit date and then starts again from each date you change it.  It becomes a new ISA with the original cancelled.  Some here have nudged a new 14 day period by selecting a different term.  In other words they want a 1 year but transfer to a 2 year simply to nudge the 14 days.   The risk is that the rate on the one you actually want might reduce or be withdrawn, 

Like has happened on the 3yr fix. Wouldn’t surprise me if virgin have seen the comments on here about shuffling and dropped the 3yr as a result :-(

my cooling off period ends in two days and undecided on whether to go back to 2 years and hope the 3yrs returns or just leave it 

I’m in the same boat as you but have decided I’d rather keep the guaranteed 3 years at 5.55% as there’s a level of certainty there. I know I’ll be annoyed if they bring a 3yr ISA back with a rate rise after my cooling off period but I don’t want to gamble with this one.