Cash ISAs: The Best Currently Available List

2010

How would things go if on the last day of the cooling off period you wanted to transfer to a new provider, bearing in mind it`s the new provider who has to request the transfer.
Would this be allowed or is it just for an internal transfer with your current provider.

Quite few on here have done the "Virgin shuffle" and I can confirm that this is also possible with Charter but I haven`t heard of anyone trying to transfer to another provider within the cooling off period.

bristolleedsfan

steveksullivan said:

2010 said:

@Desk

The 14 day cooling starts from the date of funding.

What are you basing this on  ? If correct it means a Virgin ISA effectively has a six week cooling off period (30 days to fund plus 14)

Moneyfacts website and others state that the cooling off period usually starts when contract is signed .....

https://uk.virginmoney.com/savings/products/1_year_fixed_rate_cash_e_isa_issue_612/#complaints-and-cancellations

Yellowman

Eirambler said:

Shawbrook now offering the best easy access ISA rate at 4.43%. 

The best easy access ISA is a long way behind the best easy access general savings account at present.

This offers either annual or monthly interest payments but it is not flexible.

bristolleedsfan

Leeds BS 3 Year down from 5.5% to 5.4%

Bigwheels1111

It’s looking like November 2022, Boe rises, but rates falling.
Im all fixed out until November when my fixes from last year start to payout.

steveksullivan

bristolleedsfan said:

steveksullivan said:

2010 said:

@Desk

The 14 day cooling starts from the date of funding.

What are you basing this on  ? If correct it means a Virgin ISA effectively has a six week cooling off period (30 days to fund plus 14)

Moneyfacts website and others state that the cooling off period usually starts when contract is signed .....

https://uk.virginmoney.com/savings/products/1_year_fixed_rate_cash_e_isa_issue_612/#complaints-and-cancellations

Thanks for that ! It seems that Virgin are more generous than most others, not just with their lower interest penalties!

nomorekids

Nat West ISA transfer. Once the transfer has taken place, ie the ISA is funded, does the Nat West cooling off period still apply? Hoping someone will know the answer. I regret getting the one year rate with Nat West and hoping to transfer to the two year higher 5.9 rate but can not get through on the phone and boy do the people on the Ask Cora chat, give generalised ISA advice that I aready know rather than actually answer the question other than to tell me to phone their ISA line and wait everytime, just to be cut off. 

Ocelot

bristolleedsfan said:

Leeds BS 3 Year down from 5.5% to 5.4%

I tried transferring my 2.75% Leeds ISA to the 5.5% one, but the guy on the phone said the only way to do it is to send a secure message request to them, as it wasn't possible to do it over the phone.

I haven't heard back yet.

badger09

2010 said:

How would things go if on the last day of the cooling off period you wanted to transfer to a new provider, bearing in mind it`s the new provider who has to request the transfer.
Would this be allowed or is it just for an internal transfer with your current provider.

Quite few on here have done the "Virgin shuffle" and I can confirm that this is also possible with Charter but I haven`t heard of anyone trying to transfer to another provider within the cooling off period.

See this thread where poster was charged interest penalty on xfer of Virgin ISA to another provider within cooling off period

https://forums.moneysavingexpert.com/discussion/6466213/cash-isa-transfer#latest

Ocelot

Ocelot said:

bristolleedsfan said:

Leeds BS 3 Year down from 5.5% to 5.4%

I tried transferring my 2.75% Leeds ISA to the 5.5% one, but the guy on the phone said the only way to do it is to send a secure message request to them, as it wasn't possible to do it over the phone.

I haven't heard back yet.

Just had confirmation that ISA has been transferred to 5.5% one.