Cash ISAs: The Best Currently Available List

refluxer

StayinAlive said:

I have two Cash ISA's. One is a one year fixed rate which "started" in May with Coventry as "re-investing" from the previous year's fixed rate ISA with them which had matured. I assume this is treated the same as transferring i.e. does not count in this year's quota. The second is another fixed rate with Shawbrook, also opened in May, with a transfer in from previous year's subscription with another supplier.

By my understanding, I can still open another cash ISA (fixed or variable) into which I can subscribe my full 20K for this year. Is this correct?

TIA

Yes, if you haven't paid anything from your 2023-24 tax year ISA allowance into either of those cash ISAs, then you're free to open a new one for that money.

dc_scotland

Growingold said:

dc_scotland said:

2010 said:

Skipton is well worth considering if you don`t want a fixed rate or limited access ISA.
It is also flexible so you can put money back into it and if a better rate springs up elsewhere you`re free to transfer to it without penalties.
Even if 5% comes along after the BoE meeting, this one won`t be far off.

I`ve had accounts with them in the past and always found them to be OK, with good customer service.

I had a previous issue ISA with Skipton.  I opened this new issue this morning.  At the end of the application I was given the option to transfer in the previous issue.  At the end of the process I was told that the closure and transfer in would happen overnight, and appear in online banking and app next working day.  But I was surprised to see it happen instantly.  Very impressed.

Out of interest now the transfer has taken place is there any restriction before you can withdraw funds as it is a new account.

Growingold
None that I was made aware of during the application.  I have just put it to the test.  Being Sunday, I am told the transaction will be completed tomorrow.

Yellowman

Growingold said:

Yellowman said:

jpsman said:

Skipton Cash ISA Tracker issue 5 4.7% https://www.skipton.co.uk/savings/isas/cash-isa-tracker
@Kazza242

Tracks 0.55% points below the Base Rate (currently 5.25%) for a period of two years.

Flexible and no restrictions on number of withdrawals.

I have their ISA Tracker Issue 3 which pays 0.90% below the base rate.  If I remember correctly at the time the issue was only available for a short time.
So I've opened the new Issue 5 today to secure the rate with the intention of transferring my past years contributions from Issue 3 into this.  However if I transfer now I think I lose the ability to repay back any past years contributions I have withdrawn  as the Issue 3 account will be closed ( I know this was the case with YBS) so I will repay some of the contributions withdrawn this tax year tomorrow before transferring.

I transferred my Skipton ISA Tracker Issue 3 to Issue 5 and the payback allowance has been preserved.

2010

Oaknorth EA ISA 4.75%

rallycurve

Santander 1yr fixed ISA 5.6% plus £50 voucher if you transfer £10k+. Making it effectively 6.10% for a 10k transfer

2010

Charter 1 yr fixed ISA 5.8%

Rich2808

Yellowman said:

Growingold said:

Yellowman said:

jpsman said:

Skipton Cash ISA Tracker issue 5 4.7% https://www.skipton.co.uk/savings/isas/cash-isa-tracker
@Kazza242

Tracks 0.55% points below the Base Rate (currently 5.25%) for a period of two years.

Flexible and no restrictions on number of withdrawals.

I have their ISA Tracker Issue 3 which pays 0.90% below the base rate.  If I remember correctly at the time the issue was only available for a short time.
So I've opened the new Issue 5 today to secure the rate with the intention of transferring my past years contributions from Issue 3 into this.  However if I transfer now I think I lose the ability to repay back any past years contributions I have withdrawn  as the Issue 3 account will be closed ( I know this was the case with YBS) so I will repay some of the contributions withdrawn this tax year tomorrow before transferring.

I transferred my Skipton ISA Tracker Issue 3 to Issue 5 and the payback allowance has been preserved.

That is reassuring to know. I don't see that the issue 3 offers any advantage over issue 5 (better rate and a new 24 month base rate link guarantee) - so you might as well move the whole sum.

But I do find it odd that the Skipton does not allow you to do partial ISA transfers between Skipton ISA accounts online. Its all or nothing.

You could very easily close an account (transferring the entire sum) which you don't want to - as its not clearly explained. You assume (as with other providers) the first time you do it that you will get the option to say how much to transfer (all or part of the balance) on a later page - but you don't. I presume you can do partial internal ISA transfers over the phone though?

S_uk

I opened the Skipton tracker ISA Issue 5 yesterday and filled in the online transfer request from Coventry, and it has already transferred across today so I'm very pleased with that, definitely the fasted transfer I've experienced.

Can anyone else who has the Issue 5 with monthly interest option confirm they also have an interest rate in their online account showing as 4.60% rather than 4.70%? I know that's the gross amount but just wanted to check others also had this.

Also, I know Skipton says changes due to base rate change can take up to 14 days to apply, so I was just wondering in the past with the previous issue trackers how long it has usually taken for them to apply the new rate? Thanks

Yellowman

S_uk said:

I opened the Skipton tracker ISA Issue 5 yesterday and filled in the online transfer request from Coventry, and it has already transferred across today so I'm very pleased with that, definitely the fasted transfer I've experienced.

Can anyone else who has the Issue 5 with monthly interest option confirm they also have an interest rate in their online account showing as 4.60% rather than 4.70%? I know that's the gross amount but just wanted to check others also had this.

Also, I know Skipton says changes due to base rate change can take up to 14 days to apply, so I was just wondering in the past with the previous issue trackers how long it has usually taken for them to apply the new rate? Thanks

I have the Skipton ISA Tracker Issue 5 (monthly) - interest on my webpage shows as 4.6% which is the monthly gross rate (EAR is 4.7%).

If the Base Rate increases on Thursday 21 Sept, expect the Skipton rate to increase two Mondays after - i.e. Monday 2 Oct. This is based on previous experiences with Skipton tracker ISAs.

soulsaver

rallycurve said:

Santander 1yr fixed ISA 5.6% plus £50 voucher if you transfer £10k+. Making it effectively 6.10% for a 10k transfer

"You need to have instructed us to transfer the full balance you hold in an existing cash or stocks and shares ISA from an ISA manager..."

So, partials not allowed.. but you could transfer £10k out to a 3rd party ISA provider and then to Santander...

santander_fixed_rate_isa_transfer_offer_terms_and_conditions_coremc0274sep23hcd.pdf

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