Cash ISAs: The Best Currently Available List

bristolleedsfan

2010 said:

Interesting about time taken to transfer cash ISAs.

This must be a record what happened two weeks ago.
Opened a Paragon fixed rate ISA as a new customer Wednesday morning at 9-30am.
Received emails stating application approved and account opened.
Another email with user ID to log in, time 9-50am.
Further email that afternoon at 15-09pm, this time from Charter stating a request had been received from Paragon to transfer your ISA.

Email Friday afternoon 17-11pm (two days later) from Paragon stating ISA transfer complete and funds in your new account.

https://forums.moneysavingexpert.com/discussion/6448269/isa-transfer-in-record-time

bristolleedsfan

Hodge Bank 5 Year Fixed Rate Cash ISA - Reduced Rate

AER

5.15%

Rate applies from

19/08/2023

2010

bristolleedsfan said:

Hodge Bank 5 Year Fixed Rate Cash ISA - Reduced Rate

AER

5.15%

Rate applies from

19/08/2023

As I predicted yesterday when Paragon reduced their 1yr ISA rate.
Rates are in limbo or being reduced with a month to go to the next rate meeting.

2010

bristolleedsfan said:

2010 said:

Interesting about time taken to transfer cash ISAs.

This must be a record what happened two weeks ago.
Opened a Paragon fixed rate ISA as a new customer Wednesday morning at 9-30am.
Received emails stating application approved and account opened.
Another email with user ID to log in, time 9-50am.
Further email that afternoon at 15-09pm, this time from Charter stating a request had been received from Paragon to transfer your ISA.

Email Friday afternoon 17-11pm (two days later) from Paragon stating ISA transfer complete and funds in your new account.

https://forums.moneysavingexpert.com/discussion/6448269/isa-transfer-in-record-time

Makes you wonder why other providers are taking weeks.
If they are members of the electronic transfer system it should be instant.
I`ve noticed with Charter if you are closing an account it takes two working days from the request but if you are withdrawing funds it`s the following working day.

You didn`t do any faster with Shawbrook, Friday to Tuesday.

2010

BTW 
Marcus where they still use quill pens, require transfer forms sent by snail mail and about three weeks later transfer by cheque with their ISA.

Shedman

2010 said:

BTW 
Marcus where they still use quill pens, require transfer forms sent by snail mail and about three weeks later transfer by cheque with their ISA.

Do they reject the forms if not written in copperplate 😅?  

From your description I now have an image in my head of Kermit as Bob Cratchet in Muppets Christmas Carol handwriting those Marcus cheques ready to post out.

Old_Slaphead

2010 said:

BTW 
Marcus where they still use quill pens, require transfer forms sent by snail mail and about three weeks later transfer by cheque with their ISA.

3 weeks LOL !

Mine took just under 6 weeks to complete up to  cheque clearance.

aaj123

Old_Slaphead said:

2010 said:

BTW 
Marcus where they still use quill pens, require transfer forms sent by snail mail and about three weeks later transfer by cheque with their ISA.

3 weeks LOL !

Mine took just under 6 weeks to complete up to  cheque clearance.

Interest was paid for the whole period?

dlevene

According to Moneyfacts, Paragon's double access cash ISA has also gone to 4.5% (from Monday). Yearly or monthly interest; min £1000; rate drops on 3rd withdrawal; allows transfers; flexible.

I was just about to transfer from Coventry to Newcastle but if a few are going to tick up now...

2010

Shedman said:

2010 said:

BTW 
Marcus where they still use quill pens, require transfer forms sent by snail mail and about three weeks later transfer by cheque with their ISA.

Do they reject the forms if not written in copperplate 😅?  

From your description I now have an image in my head of Kermit as Bob Cratchet in Muppets Christmas Carol handwriting those Marcus cheques ready to post out.

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