Cash ISAs: The Best Currently Available List

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" If the product is withdrawn, you can continue to put more money into your account until the expiry of the fixed term".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%)

drphila

bristolleedsfan said:

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    

Yes I'm very tempted to go for that myself as a transfer-in for my 4.2% 5yr fix with Gatehouse in March (which itself was a part-transfer in from a United Trust 5yr ISA from several years back at 1.9% !!)

bristolleedsfan

drphila said:

bristolleedsfan said:

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    

Yes I'm very tempted to go for that myself as a transfer-in for my 4.2% 5yr fix with Gatehouse in March (which itself was a part-transfer in from a United Trust 5yr ISA from several years back at 1.9% !!)

I paid United Trust Bank 365 days considerable value of interest a couple of weeks ago to get out of 5+ year fix I switched into 23 April@ 4.10%, lucky because at the time UTB had interest penalty that was off the planet, they recently changed T+C making loss of interest on early cashin "cheaper" 

2010

Wouldn`t be surprised to see Charter jump to the top for a 1yr fix soon.

Virgin now sitting at 5.71% along with Shawbrook.

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.

United Bank Trust 4 and 5 year rates reduced, rates for existing or previous customers shown in screenshot now only marginally higher than new customer rates.

Bigwheels1111

Alas it looks like my Virgin ISA shuffle is at an end.

Only offering a 1 year ISA now.

I just cant switch to a 1 year instead of 3 years of security.

intalex

Bigwheels1111 said:

Alas it looks like my Virgin ISA shuffle is at an end.

Only offering a 1 year ISA now.

I just cant switch to a 1 year instead of 3 years of security.

Next week I plan to switch to the 1-year fix (to buy more time) or to the defined access (to switch out elsewhere)... if both options disappear, then I will stay with the 2-year fix that I'm on, not optimal but not bad at all...

DJSINGH

intalex said:

Bigwheels1111 said:

Alas it looks like my Virgin ISA shuffle is at an end.

Only offering a 1 year ISA now.

I just cant switch to a 1 year instead of 3 years of security.

Next week I plan to switch to the 1-year fix (to buy more time) or to the defined access (to switch out elsewhere)... if both options disappear, then I will stay with the 2-year fix that I'm on, not optimal but not bad at all...

Can you shuffle between the fix and easy access ISA via online to buy time ?

intalex

DJSINGH said:

intalex said:

Bigwheels1111 said:

Alas it looks like my Virgin ISA shuffle is at an end.

Only offering a 1 year ISA now.

I just cant switch to a 1 year instead of 3 years of security.

Next week I plan to switch to the 1-year fix (to buy more time) or to the defined access (to switch out elsewhere)... if both options disappear, then I will stay with the 2-year fix that I'm on, not optimal but not bad at all...

Can you shuffle between the fix and easy access ISA via online to buy time ?

I saw the option of a defined access ISA in the drop-down, which I think had a 4.00% AER for up to 3 withdrawals, which is not a bad interim option. The pure easy access (at 4.25% AER) wasn't in the drop-down as I think it's part of the "other" side of Virgin Money and exclusive to their current account customers.

savit4l8er

Bigwheels1111 said:

Alas it looks like my Virgin ISA shuffle is at an end.

Only offering a 1 year ISA now.

I just cant switch to a 1 year instead of 3 years of security.

You never know, they might have had enough of the current game players and decided to improve the house odds.  😉