Cash ISAs: The Best Currently Available List

2010

bristolleedsfan said:

2010 said:

Just switched from a fixed to an EA ISA and going to sit it out.

"experts and markets" are pricing in 50 bp at most, probably two rises by year end or maybe only one and we`ve peaked.
Fixed ISA still have further to go.

Several providers reduced fixed mortgage rates last week, if August inflation figures are at or below expectations swap rates might reduce further, if they do fixed mortgage/savings rates might reduce.

Of course there`s a lot of "might`s and maybe`s".
The housing market is slowing, prices are going down.
Lowering mortgage rates slightly, is a reaction to overpricing them in the first place.

In my area on Rightmove no matter what two prices max/min you put in, 50% of the results are showing reduced.

Sitting on one EA ISA for a couple of months won`t hurt.

bristolleedsfan

2010 said:

bristolleedsfan said:

2010 said:

Just switched from a fixed to an EA ISA and going to sit it out.

"experts and markets" are pricing in 50 bp at most, probably two rises by year end or maybe only one and we`ve peaked.
Fixed ISA still have further to go.

Several providers reduced fixed mortgage rates last week, if August inflation figures are at or below expectations swap rates might reduce further, if they do fixed mortgage/savings rates might reduce.

Of course there`s a lot of "might`s and maybe`s".
The housing market is slowing, prices are going down.
Lowering mortgage rates slightly, is a reaction to overpricing them in the first place.

In my area on Rightmove no matter what two prices max/min you put in, 50% of the results are showing reduced.

Sitting on one EA ISA for a couple of months won`t hurt.

You can do whatever you want, however whether fixed rate mortgages/savings increase or decrease has more to do with swap rates movements than base rate changes, suggesting the opposite on a forum potentially misleads others.

https://www.thisismoney.co.uk/money/saving/article-11780747/Fixed-term-savings-rates-rising-savers-fix-wait.html

2010

bristolleedsfan said:

2010 said:

bristolleedsfan said:

2010 said:

Just switched from a fixed to an EA ISA and going to sit it out.

"experts and markets" are pricing in 50 bp at most, probably two rises by year end or maybe only one and we`ve peaked.
Fixed ISA still have further to go.

Several providers reduced fixed mortgage rates last week, if August inflation figures are at or below expectations swap rates might reduce further, if they do fixed mortgage/savings rates might reduce.

Of course there`s a lot of "might`s and maybe`s".
The housing market is slowing, prices are going down.
Lowering mortgage rates slightly, is a reaction to overpricing them in the first place.

In my area on Rightmove no matter what two prices max/min you put in, 50% of the results are showing reduced.

Sitting on one EA ISA for a couple of months won`t hurt.

You can do whatever you want, however whether fixed rate mortgages/savings increase or decrease has more to do with swap rates movements than base rate changes, suggesting the opposite on a forum potentially misleads others.

https://www.thisismoney.co.uk/money/saving/article-11780747/Fixed-term-savings-rates-rising-savers-fix-wait.html

Everyone knows, apart from you, that when BoE rates go up so do mortgage and savings rates.
You seem to be the one that`s misleading others.
What affects "swap rates"?
Swap rates are influenced by factors such as prevailing interest rates, credit risk, liquidity conditions, and market participants' expectations. (see below)

From the same newspaper you quoted above:

Traders are now pencilling in another 0.25 per cent rise in September and another in November or December, taking rates to 5.75 per cent. Analysts at Investec predicted a peak of 5.75 per cent this year.

https://www.thisismoney.co.uk/money/markets/article-12370657/More-misery-predicted-struggling-mortgage-borrowers-markets-price-two-rate-hikes-end-2023.html

bristolleedsfan

2010 said:

bristolleedsfan said:

2010 said:

bristolleedsfan said:

2010 said:

Just switched from a fixed to an EA ISA and going to sit it out.

"experts and markets" are pricing in 50 bp at most, probably two rises by year end or maybe only one and we`ve peaked.
Fixed ISA still have further to go.

Several providers reduced fixed mortgage rates last week, if August inflation figures are at or below expectations swap rates might reduce further, if they do fixed mortgage/savings rates might reduce.

Of course there`s a lot of "might`s and maybe`s".
The housing market is slowing, prices are going down.
Lowering mortgage rates slightly, is a reaction to overpricing them in the first place.

In my area on Rightmove no matter what two prices max/min you put in, 50% of the results are showing reduced.

Sitting on one EA ISA for a couple of months won`t hurt.

You can do whatever you want, however whether fixed rate mortgages/savings increase or decrease has more to do with swap rates movements than base rate changes, suggesting the opposite on a forum potentially misleads others.

https://www.thisismoney.co.uk/money/saving/article-11780747/Fixed-term-savings-rates-rising-savers-fix-wait.html

Everyone knows, apart from you, that when BoE rates go up so do mortgage and savings rates.
You seem to be the one that`s misleading others.
What affects "swap rates"?
Swap rates are influenced by factors such as prevailing interest rates, credit risk, liquidity conditions, and market participants' expectations. (see below)

From the same newspaper you quoted above:

Traders are now pencilling in another 0.25 per cent rise in September and another in November or December, taking rates to 5.75 per cent. Analysts at Investec predicted a peak of 5.75 per cent this year.

https://www.thisismoney.co.uk/money/markets/article-12370657/More-misery-predicted-struggling-mortgage-borrowers-markets-price-two-rate-hikes-end-2023.html

2010 said:

bristolleedsfan said:

2010 said:

bristolleedsfan said:

2010 said:

Just switched from a fixed to an EA ISA and going to sit it out.

"experts and markets" are pricing in 50 bp at most, probably two rises by year end or maybe only one and we`ve peaked.
Fixed ISA still have further to go.

Several providers reduced fixed mortgage rates last week, if August inflation figures are at or below expectations swap rates might reduce further, if they do fixed mortgage/savings rates might reduce.

Of course there`s a lot of "might`s and maybe`s".
The housing market is slowing, prices are going down.
Lowering mortgage rates slightly, is a reaction to overpricing them in the first place.

In my area on Rightmove no matter what two prices max/min you put in, 50% of the results are showing reduced.

Sitting on one EA ISA for a couple of months won`t hurt.

You can do whatever you want, however whether fixed rate mortgages/savings increase or decrease has more to do with swap rates movements than base rate changes, suggesting the opposite on a forum potentially misleads others.

https://www.thisismoney.co.uk/money/saving/article-11780747/Fixed-term-savings-rates-rising-savers-fix-wait.html

Everyone knows, apart from you, that when BoE rates go up so do mortgage and savings rates.
You seem to be the one that`s misleading others.
What affects "swap rates"?
Swap rates are influenced by factors such as prevailing interest rates, credit risk, liquidity conditions, and market participants' expectations. (see below)

From the same newspaper you quoted above:

Traders are now pencilling in another 0.25 per cent rise in September and another in November or December, taking rates to 5.75 per cent. Analysts at Investec predicted a peak of 5.75 per cent this year.

https://www.thisismoney.co.uk/money/markets/article-12370657/More-misery-predicted-struggling-mortgage-borrowers-markets-price-two-rate-hikes-end-2023.html

2010 said:

bristolleedsfan said:

2010 said:

bristolleedsfan said:

2010 said:

Just switched from a fixed to an EA ISA and going to sit it out.

"experts and markets" are pricing in 50 bp at most, probably two rises by year end or maybe only one and we`ve peaked.
Fixed ISA still have further to go.

Several providers reduced fixed mortgage rates last week, if August inflation figures are at or below expectations swap rates might reduce further, if they do fixed mortgage/savings rates might reduce.

Of course there`s a lot of "might`s and maybe`s".
The housing market is slowing, prices are going down.
Lowering mortgage rates slightly, is a reaction to overpricing them in the first place.

In my area on Rightmove no matter what two prices max/min you put in, 50% of the results are showing reduced.

Sitting on one EA ISA for a couple of months won`t hurt.

You can do whatever you want, however whether fixed rate mortgages/savings increase or decrease has more to do with swap rates movements than base rate changes, suggesting the opposite on a forum potentially misleads others.

https://www.thisismoney.co.uk/money/saving/article-11780747/Fixed-term-savings-rates-rising-savers-fix-wait.html

Everyone knows, apart from you, that when BoE rates go up so do mortgage and savings rates.
You seem to be the one that`s misleading others.

Taken from screenshot within the post that you have replied to.   

"Given the Bank of England upped the base rate from 3 per cent to 3.5 per cent in December and then from 3.5 per cent to 4 per cent at the start of this month, savers may have been surprised that fixed rate savings deals have fallen in generosity in recent months.

This was largely because of two factors falling. 

The first was long-term swap rates, which affect how fixed-rate bonds are priced.

The second is market expectations on where the base rate is going to peak, which tends to show where the markets think rates are headed in the longer term"

2010

@bristolleedsfan

So your saying no more increases and the next move will be down because of what you have read about swap rates in This is Money.
I think your either delusional or naive.

Show me one instance ever when the BoE has moved interest rates either up or down, savings providers have done the opposite.

bristolleedsfan

2010 said:

Show me one instance ever when the BoE has moved interest rates either up or down, savings providers have done the opposite.

This is now third time I have posted the same thing giving such an example.

"Given the Bank of England upped the base rate from 3 per cent to 3.5 per cent in December and then from 3.5 per cent to 4 per cent at the start of this month, savers may have been surprised that fixed rate savings deals have fallen in generosity in recent months.

bristolleedsfan

2010 said:

@bristolleedsfan

So your saying no more increases and the next move will be down because of what you have read about swap rates in This is Money.
I think your either delusional or naive.

What I have said and am stilI saying ( and this will be my last post on the subject) that inflation figures due to be published on 16 August will have more relevance to whether fixed savings rates increase/decrease than what you posted for reasons previously mentioned. 

drphila

According to the source below (and I have nothing further to corroborate this) Nat West is withdrawing its 5.9% 2yr fix on wednesday.(first section, penultimate sentence).

https://www.thesavings.guru/blog/596-isa-round-up-7th-august

(And at the risk of re-igniting the above argument ,see also 4th sentence) 

rallycurve

drphila said:

According to the source below (and I have nothing further to corroborate this) Nat West is withdrawing its 5.9% 2yr fix on wednesday.(first section, penultimate sentence).

https://www.thesavings.guru/blog/596-isa-round-up-7th-august

(And at the risk of re-igniting the above argument ,see also 4th sentence) 

9th August is the closing date to open the ISAs as a new customer. 14th for existing customers.
That's been there since day 1: https://www.natwest.com/savings/isa-overview/fixed-isa.html#What-are-the-key-dates-of-a-fixed-rate-isa

drphila

rallycurve said:

drphila said:

According to the source below (and I have nothing further to corroborate this) Nat West is withdrawing its 5.9% 2yr fix on wednesday.(first section, penultimate sentence).

https://www.thesavings.guru/blog/596-isa-round-up-7th-august

(And at the risk of re-igniting the above argument ,see also 4th sentence) 

9th August is the closing date to open the ISAs as a new customer. 14th for existing customers.
That's been there since day 1: https://www.natwest.com/savings/isa-overview/fixed-isa.html#What-are-the-key-dates-of-a-fixed-rate-isa

Oops, yes of course. , thanks for pointing that out. I opened one as soon as it was launched so forgot about that.