Cash ISAs: The Best Currently Available List

t1redmonkey

pecunianonolet said:

uk1 said:

DJSINGH said:

uk1 said:

Virgin 1 year fixed rate ISA down to 5.61% and  a new 2 year fixed at 5.62%.

Rien ne va plus

The virgin shuffle returns 😅

From what to what?  🤷‍♂️

From 5.76% so 0.15% reduction

Might still be an option for some to take up if they switched to the 1 year rate to stay within the 14 days (since it was the only one Virgin had for the last couple weeks), but would rather go back to a 2 year one.

sueb20

Im not a regular around here. I have just switched (£40,000 ish) from a virgin m cash isa to the 5.75% fix (although i have opted to take the interest monthly). I'm curious whether you would swap to the new 2 year? (edit to say that i did try to take out the lloyds 2 year fix (as i have a current account) but gave up when they wanted a form posting to transfer which wouldn't print off.

savit4l8er

sueb20 said:

Im not a regular around here. I have just switched (£40,000 ish) from a virgin m cash isa to the 5.75% fix (although i have opted to take the interest monthly). I'm curious whether you would swap to the new 2 year? (edit to say that i did try to take out the lloyds 2 year fix (as i have a current account) but gave up when they wanted a form posting to transfer which wouldn't print off.

Everybody's situation is different, just because one person would doesn't mean it's right for you.  Your question is a version of the same that has been asked loads of times on here and typically, the end result is no-one has a crystal ball.  But since I can take the 5.76 612 offering or the new 5.62, I am in a similar spot.  However, I might use the 5.76 1 year ( no longer on offer) as a get out of jail cheaply for a lower paying 3 year and assess in 12m. I might move the funds to a S&S ISA if rates are not good then.  The 2 year, I may move another lower paying 2 year over to that and be better off after 1 year of it by a couple of hundred after penalty and have the knowledge I have secured another year at 5.62 thereafter. 

If it was simply, shall I move £40k to a 2 year at 5.62 over the one you have, with Virgin as I write, I probably would do it but with it being a hypothetical situation, I can't really drill right down to know exactly how I might feel. 🙂

2010

Five weeks to the next rate meeting.
I think we are in limbo, more likely to see cuts and issues withdrawn.

bristolleedsfan

Tipton & Coseley BS Fixed Rate ISA to 30.09.25  5.65% - increased rate applies from 18/08/2023

United Trust Bank increased rates back to level of few weeks ago, most notably 7 year 5.20% - slightly higher rates for existing customers

intalex

bristolleedsfan said:

Tipton & Coseley BS Fixed Rate ISA to 30.09.25  5.65% - increased rate applies from 18/08/2023

United Trust Bank increased rates back to level of few weeks ago, most notably 7 year 5.20% - slightly higher rates for existing customers

I think you’ve accidentally posted a screenshot of the SONIA swap rates, do you mind posting the existing customer savings rates please? Thanks

bristolleedsfan

intalex said:

bristolleedsfan said:

Tipton & Coseley BS Fixed Rate ISA to 30.09.25  5.65% - increased rate applies from 18/08/2023

United Trust Bank increased rates back to level of few weeks ago, most notably 7 year 5.20% - slightly higher rates for existing customers

I think you’ve accidentally posted a screenshot of the SONIA swap rates, do you mind posting the existing customer savings rates please? Thanks

I posted Sonia swap rates on purpose being as anyone who has been paying attention knows fixed rate increases/decreases relate to Sonia swap rate movements as opposed to base rate movements.

These are UTB slightly higher fixed ISA rates for existing customers/ex customers who have valid online credentials, with exception of 4 year rate which has not gone back to dizzy 5.61% heights of a few weeks ago, 5 and 7 year fixed rates have due to at least partly Sonia swap rate movements.

2010

In a fresh blow to homeowners with mortgages, experts said a sharp fall in inflation from 7.9 per cent in June to 6.8 per cent in July would not be enough to stop the Bank of England pushing borrowing costs even higher.

A further hike to 5.5 per cent in September is now seen as guaranteed on the financial markets – with rates then all but certain to hit 5.75 per cent at the following meeting of the Bank’s monetary policy committee in November.


https://www.thisismoney.co.uk/money/markets/article-12413965/Traders-ramp-bets-rates-hit-6-end-year.html?ico=mol_desktop_money-newtab&molReferrerUrl=https://www.dailymail.co.uk/money/index.html

2010

2010 said:

Five weeks to the next rate meeting.
I think we are in limbo, more likely to see cuts and issues withdrawn.

Didn`t take long!

Paragon 1yr fixed ISA 5.75% has been withdrawn.

Not replaced yet but 18 month fix is 5.75% for existing customers only.

Arthurian

2010 said:

2010 said:

Five weeks to the next rate meeting.
I think we are in limbo, more likely to see cuts and issues withdrawn.

Didn`t take long!

Paragon 1yr fixed ISA 5.75% has been withdrawn.

Not replaced yet but 18 month fix is 5.75% for existing customers only.

It still seems to be available at the moment.