Cash ISAs: The Best Currently Available List

dlevene

Marcus Cash ISA 4 3%. No transfers/new money only. Not flexible. 

https://www.marcus.co.uk/uk/en/savings/cash-isa?prd=cisa&chl=ps&schl=psg&cid=ISA_Brand&agp=152343187082&kid=marcus isa&mtype=e&gclid=CjwKCAjw_aemBhBLEiwAT98FMti6NjnVWdawvnnTny_qO7DwtKQkKfb11uZyU95p4yvXFm39OI7D2BoC5OUQAvD_BwE&gclsrc=aw.ds

bristolleedsfan

Westbrom BS currently now not offering longer than 2 year fix joining Leeds BS and Principality BS in withdrawing 5 year fixed rates.

The_Bookman

pecunianonolet said:

@refluxer @2010

Opened my Shawbrook 1y ISA today and received this email below so based on two different phone conversations saying different things, the T&C'S being clear the email is different again so probably internal comms at Shawbrook have not all been updated yet. Went for monthly interest with 4.09% instead of annual as I like to see my pot grow. The AER is 4.17% so doesn't make a difference.

Dear pecunianonolet
Thank you for applying for a 1 Year Fixed Rate Cash ISA Bond Issue 70. Your account is now open and the interest rate is 4.09% Gross/AER (fixed). We will write to you before the maturity date to understand what you would like to do with your funds and let you know about alternative Shawbrook Bank Savings options available to you.

For further guidance on how to use your account, including how to make deposits, please visit the “Save FAQs” section of our website.

To view your current balance and obtain your account number simply log in to Personal eSavings by visiting the Shawbrook Bank website and clicking on the button at the top right of the screen entitled ‘Log in’. Your sort code is 16-58-73. For your records we will upload an electronic welcome letter to your eDocuments within Personal eSavings.

Deposits can be made into your account until the product is withdrawn. You can check whether the product has been withdrawn by looking at the “Withdrawn Products” section of our website.

Thank you for Saving with Shawbrook.

Debbie Bryden

Head of Customer Services, Savings

Hello... do you have any update on this specific issue. I opened the 1 Year Fixed Rate ISA 79 yesterday, on the basis of this line from the Ts&Cs in the Product KPI:
" If the product is withdrawn, you can continue to put more money into your account until the expiry of the fixed term".

I then got the Welcome letter which says the complete opposite:
"Please note that if we withdraw this product you will not be notified in writing and you will be unable to make additional deposits even if you have not used your full ISA allowance."

They can't both be correct, and I wonder what redress one might have if they were to refuse further deposits?

@pecunianonolet
@refluxer

drphila

The MSE best cash isa table is showing as not having been updated since Tuesday (Best Savings Account table is up to date)

bristolleedsfan

The_Bookman said:

pecunianonolet said:

@refluxer @2010

Opened my Shawbrook 1y ISA today and received this email below so based on two different phone conversations saying different things, the T&C'S being clear the email is different again so probably internal comms at Shawbrook have not all been updated yet. Went for monthly interest with 4.09% instead of annual as I like to see my pot grow. The AER is 4.17% so doesn't make a difference.

Dear pecunianonolet
Thank you for applying for a 1 Year Fixed Rate Cash ISA Bond Issue 70. Your account is now open and the interest rate is 4.09% Gross/AER (fixed). We will write to you before the maturity date to understand what you would like to do with your funds and let you know about alternative Shawbrook Bank Savings options available to you.

For further guidance on how to use your account, including how to make deposits, please visit the “Save FAQs” section of our website.

To view your current balance and obtain your account number simply log in to Personal eSavings by visiting the Shawbrook Bank website and clicking on the button at the top right of the screen entitled ‘Log in’. Your sort code is 16-58-73. For your records we will upload an electronic welcome letter to your eDocuments within Personal eSavings.

Deposits can be made into your account until the product is withdrawn. You can check whether the product has been withdrawn by looking at the “Withdrawn Products” section of our website.

Thank you for Saving with Shawbrook.

Debbie Bryden

Head of Customer Services, Savings

Hello... do you have any update on this specific issue. I opened the 1 Year Fixed Rate ISA 79 yesterday, on the basis of this line from the Ts&Cs in the Product KPI:
" If the product is withdrawn, you can continue to put more money into your account until the expiry of the fixed term".

I then got the Welcome letter which says the complete opposite:
"Please note that if we withdraw this product you will not be notified in writing and you will be unable to make additional deposits even if you have not used your full ISA allowance."

They can't both be correct, and I wonder what redress one might have if they were to refuse further deposits?

@pecunianonolet
@refluxer

Emails are standard wording they send out for fixed rate products. T+C that states can continue to fund for duration of fixed term period is specific to fixed rate cash ISA

dlevene

Coventry Limited Access ISA up the full .25% from 4.1% to 4.35%, effective 14 Aug. Back to the top of the table, but probably not for long...

https://www.coventrybuildingsociety.co.uk/content/dam/cbs/member/pdfs/savings/rate-change-notice-isa.pdf

refluxer

The_Bookman said:

Hello... do you have any update on this specific issue. I opened the 1 Year Fixed Rate ISA 79 yesterday, on the basis of this line from the Ts&Cs in the Product KPI:
" If the product is withdrawn, you can continue to put more money into your account until the expiry of the fixed term".

I then got the Welcome letter which says the complete opposite:
"Please note that if we withdraw this product you will not be notified in writing and you will be unable to make additional deposits even if you have not used your full ISA allowance."

They can't both be correct, and I wonder what redress one might have if they were to refuse further deposits?

@pecunianonolet
@refluxer

I have no personal experience of doing this but, as it's the account T&Cs that you have to agree to when you apply for the account, then they will take precedent over any email. 

As mentioned above, I also suspect it's a copy-and-paste error from an email for a different type of account - presumably a standard (non-ISA) fixed rate account.

drphila

Desk said:

Anybody hazard a guess about the likely direction of long-term fixed rate ISA returns?

I've got an option which expires today for 5.35% on a five year deal, which is excellent. My concern, as always, is that you pass on that in the hope of something better which doesn't materialise.

But then, I locked in money last year that I could be getting a better return on now.

With £20k locked away for five years, though, a difference between 5% and 6% could mean an extra £1200, and if it's 7% in some months' time due to sticky, persistent inflation it's an extra £2500.

Is it ever likely to reach that high, though, are future increases already baked in, and are we nearing that peak?

If you're an exsiting or previous customer of United Trust Bank, you could always consider a 4 yr lock-in at 5.61% as per @bristolleedsfan post on 31 July, if it is still available.

bristolleedsfan

drphila said:

Desk said:

Anybody hazard a guess about the likely direction of long-term fixed rate ISA returns?

I've got an option which expires today for 5.35% on a five year deal, which is excellent. My concern, as always, is that you pass on that in the hope of something better which doesn't materialise.

But then, I locked in money last year that I could be getting a better return on now.

With £20k locked away for five years, though, a difference between 5% and 6% could mean an extra £1200, and if it's 7% in some months' time due to sticky, persistent inflation it's an extra £2500.

Is it ever likely to reach that high, though, are future increases already baked in, and are we nearing that peak?

If you're an exsiting or previous customer of United Trust Bank, you could always consider a 4 yr lock-in at 5.61% as per @bristolleedsfan post on 31 July, if it is still available.

I re-applied for 5.61% 4 year fix this morning to split transfer in that arrived today with this years funding that I plan to make on Tuesday    

pecunianonolet

refluxer said:

The_Bookman said:

Hello... do you have any update on this specific issue. I opened the 1 Year Fixed Rate ISA 79 yesterday, on the basis of this line from the Ts&Cs in the Product KPI:
" If the product is withdrawn, you can continue to put more money into your account until the expiry of the fixed term".

I then got the Welcome letter which says the complete opposite:
"Please note that if we withdraw this product you will not be notified in writing and you will be unable to make additional deposits even if you have not used your full ISA allowance."

They can't both be correct, and I wonder what redress one might have if they were to refuse further deposits?

@pecunianonolet
@refluxer

I have no personal experience of doing this but, as it's the account T&Cs that you have to agree to when you apply for the account, then they will take precedent over any email. 

As mentioned above, I also suspect it's a copy-and-paste error from an email for a different type of account - presumably a standard (non-ISA) fixed rate account.

You can add more money as long as the account is open. I have the  ISA myself and can add anytime I want any amount left of my annual allowance. I had this confirmed at various phone calls and so far worked without problem. I opened my ISA enf of April (which was a mistake as I am stuck on 4.21%)