Cash ISAs: The Best Currently Available List

2010

dlevene said:

refluxer said:

Shawbrook Easy Access Cash ISA (Issue 25) up to 4.58% (making it the highest currently available)

Lower than Moneybox 4.65%, although it does have withdrawal restrictions 

I must admit that I had never heard of Moneybox until a couple of weeks ago (thought it was a radio program) when someone on this thread posted about this new ISA limited access paying 4.65%.
It`s all done on an app I believe and I`ve just be reading some of the reviews about Moneybox in general on Trustpilot.

If I was looking for an Easy Access ISA, I think I`d go for Shawbrook at 4.58% who have a proven track record.
Just my opinion, each to their own.

Yellowman

2010 said:

dlevene said:

refluxer said:

Shawbrook Easy Access Cash ISA (Issue 25) up to 4.58% (making it the highest currently available)

Lower than Moneybox 4.65%, although it does have withdrawal restrictions 

I must admit that I had never heard of Moneybox until a couple of weeks ago (thought it was a radio program) when someone on this thread posted about this new ISA limited access paying 4.65%.
It`s all done on an app I believe and I`ve just be reading some of the reviews about Moneybox in general on Trustpilot.

If I was looking for an Easy Access ISA, I think I`d go for Shawbrook at 4.58% who have a proven track record.
Just my opinion, each to their own.

Moneybox's new Cash ISA is much easier to understand than the Stocks and Shares ISA on offer previously (which allowed an 'uninvested cash balance' to earn interest).

dlevene

2010 said:

dlevene said:

refluxer said:

Shawbrook Easy Access Cash ISA (Issue 25) up to 4.58% (making it the highest currently available)

Lower than Moneybox 4.65%, although it does have withdrawal restrictions 

I must admit that I had never heard of Moneybox until a couple of weeks ago (thought it was a radio program) when someone on this thread posted about this new ISA limited access paying 4.65%.
It`s all done on an app I believe and I`ve just be reading some of the reviews about Moneybox in general on Trustpilot.

If I was looking for an Easy Access ISA, I think I`d go for Shawbrook at 4.58% who have a proven track record.
Just my opinion, each to their own.

As you say, each to their own. I personally really like challenger providers: attractive, innovative products to pull in new business without being bogged down by legacy processes or complacent about lethargic customers. As long as they're above board and not a flash in the pan (and Moneybox are both - it's FCA authorised and going since 2015, 2 years before Shawbrook!!), I'm fine. I don't really put much stock in Trust Pilot but even there, they're rated at 4.6. I previously had a LISA with them and they were great. 

LoopySnooker

LoopySnooker said:

LoopySnooker said:

@2010

yes, I probably could do something like that but TBH it has put me off as the real positive for me with the current one is how easy it is to switch within the cooling off period if/when the rates improve. I’ve done it a few times over the last 6 weeks or so and it’s literally done within 2 minutes.

Word of warning to anyone thinking of transferring from the Virgin Fixed ISA (08 sort code prefix) to the new ‘Exclusive’ (82 sort code prefix). 

Despite being told that they would not action the transfer via secure message (so I decided not to bother) they have gone ahead and done it and Virgin have also decided to deduct what appears to be 90 days interest from the old ISA even though it’s within the cooling off period. 

Just a quick follow up, Virgin have now reimbursed the interest that was deducted and did so quite quickly after speaking to them so credit where it’s due.

S_uk

I was wondering what are your thoughts of the chances of a 1 Year fixed rate Isa reaching 6.00%? I have an EA ISA and I can see the top fix right now is 5.82% and I think 6.00% would be my tipping point. I know even if the Bank of England raise interest rates later this month it doesn't mean fixed rates will go up, or even stay the same, so I was wondering how likely it might be in the near future?

2010

S_uk said:

I was wondering what are your thoughts of the chances of a 1 Year fixed rate Isa reaching 6.00%? I have an EA ISA and I can see the top fix right now is 5.82% and I think 6.00% would be my tipping point. I know even if the Bank of England raise interest rates later this month it doesn't mean fixed rates will go up, or even stay the same, so I was wondering how likely it might be in the near future?

It`s anyone`s guess, but for a 6% ISA you would need a rate of 7.5% before tax for a normal 1yr fix and at the moment the top one is 6.2% with NS&I.
Don`t know if that correlates or not.

I can see 5.82% ISA being beat shortly probably before the rate meeting.

dlevene

Paragon's double access ISA going to 4.7%

Is paragon one of the providers who don't use the electronic transfer system? [edit: think I was thinking about Principality...]

2010

Paragon was one of the fastest for ISA transfers I,ve ever used.
Three working days from opening as a new customer to having the transfer money into the new account.

2010

From tomorrow 12/9/23 Paragon Bank Double Access Cash ISA - Issue 1, 4.70%, min £1k.
Will top the "easy" access table beating Moneybox at 4.65%.

refluxer

dlevene said:

Is paragon one of the providers who don't use the electronic transfer system? [edit: think I was thinking about Principality...]

Yes, Paragon do use the BACs ISA transfer service - I've had a number of cash ISAs with them over the years (including the current Double Access so thanks for the heads-up !) and all transfers in and out have been carried out quickly and efficiently, when the other provider is also a member. 

Some notable providers who don't use the BACs ISA transfer service are Kent Reliance, Hodge, Castle Trust and (as you say) the Principality BS, although there will be others.