Cash ISAs: The Best Currently Available List

Bobblehat

Wheres_My_Cashback said:

Coventry 4 Access Cash ISA now showing as 5.05% for new and existing customers - I'm sure it still said 4.90% yesterday.

I spotted this too ... and logged in to see that my interest (was 4.79% monthly, I think) has automatically increased to the same as the new issue (4.94%)! I can't remember Coventry doing that in the past .... but maybe that's just my failing memory!

(edit: corrected old rate to 4.79%)

r6mile

Once again very impressive from Coventry!

dc_scotland

2010 said:

Don`t forget Skipton EA ISA issue 15 at 4.9%.
No limit on the amount of withdrawals.

The Skipton Bonus Cash ISA Issue 15 has now been increased from 4.9% to 5%.
https://www.skipton.co.uk/savings/isas/bonus-cash-isa

Yellowman

dc_scotland said:

2010 said:

Don`t forget Skipton EA ISA issue 15 at 4.9%.
No limit on the amount of withdrawals.

The Skipton Bonus Cash ISA Issue 15 has now been increased from 4.9% to 5%.
https://www.skipton.co.uk/savings/isas/bonus-cash-isa

Only annual interest payments on this one.

katies_mum

Our Coventry accounts have changed to 5.05% were definitely showing as 4.90% last night, this is great as I thought we would have to open new ones and do transfers

refluxer

Charter now have the highest-paying (open to all) 1 year fixed rate cash ISA at 5.72%

But how they got there amused me this afternoon...

They actually relaunched it at 5.76% today (as still currently listed on moneyfacts at the time of posting this), then they must have noticed that Virgin had dropped their (open to all) 1 year rate from 5.75% down to 5.70% and so Charter then reduced theirs to 5.72% (to stay on top of the table, just ahead of Kent Reliance at 5.71%). I reckon that 5.76% Charter rate must have been available for a matter of hours

Of course these small rate tweaks don't make a big difference (we're talking £8/year on £20k for today's Charter drop), but it's interesting to see how different banks conduct their business.

SickGroove

Wheres_My_Cashback said:

Coventry 4 Access Cash ISA now showing as 5.05% for new and existing customers - I'm sure it still said 4.90% yesterday.

So, I've set my £80K Shawbrook fixed rate Cash ISA (which consists of all previous years ISA funds) to mature into their Easy Access Cash ISA Account Issue 25 next week...

Once funds are showing can I then apply for this one & request they transfer the whole £80K into this, while I decide where to split the £80K once the next interest rates meeting has taken place? 

pecunianonolet

refluxer said:

Charter now have the highest-paying (open to all) 1 year fixed rate cash ISA at 5.72%

But how they got there amused me this afternoon...

They actually relaunched it at 5.76% today (as still currently listed on moneyfacts at the time of posting this), then they must have noticed that Virgin had dropped their (open to all) 1 year rate from 5.75% down to 5.70% and so Charter then reduced theirs to 5.72% (to stay on top of the table, just ahead of Kent Reliance at 5.71%). I reckon that 5.76% Charter rate must have been available for a matter of hours

Of course these small rate tweaks don't make a big difference (we're talking £8/year on £20k for today's Charter drop), but it's interesting to see how different banks conduct their business.

Wanting to be top of the table, presumably for the weekend only, but not able to afford to keep the 0.04% and having to correct the rate within hours is a rather poor show imho. Guess they don't care because only a few rate tarts like us notice anyway.

Anyhow, guess we have reached the peak and it's down from here on with so many reductions across the board. 

cricidmuslibale

SickGroove said:

Wheres_My_Cashback said:

Coventry 4 Access Cash ISA now showing as 5.05% for new and existing customers - I'm sure it still said 4.90% yesterday.

So, I've set my £80K Shawbrook fixed rate Cash ISA (which consists of all previous years ISA funds) to mature into their Easy Access Cash ISA Account Issue 25 next week...

Once funds are showing can I then apply for this one & request they transfer the whole £80K into this, while I decide where to split the £80K once the next interest rates meeting has taken place? 

Yes you can and, for what it's worth, I would strongly advise you to do so! Coventry BS are usually very efficient with their handling of transfers from another cash ISA provider - it is all done electronically - and how long the transfer process takes will simply depend on how quickly Shawbrook respond to Coventry's transfer request.

You will need to be aware though that once the £80K is in Coventry's 4 Access Cash ISA you will have a maximum of 4 penalty-free transfers that you can make from there to any fixed rate Cash ISAs that you may wish to put this ISA money into! Each transfer out counts as one of the 4 allowed withdrawals; any further transfers will incur a penalty equivalent to 50 days interest! As long as you bear all this in mind you should have no problems whatsoever, as transferring out of Coventry BS is also done electronically as long as the receiving cash ISA provider is able to use the electronic transfer process, of course.

refluxer

SickGroove said:

Wheres_My_Cashback said:

Coventry 4 Access Cash ISA now showing as 5.05% for new and existing customers - I'm sure it still said 4.90% yesterday.

So, I've set my £80K Shawbrook fixed rate Cash ISA (which consists of all previous years ISA funds) to mature into their Easy Access Cash ISA Account Issue 25 next week...

Once funds are showing can I then apply for this one & request they transfer the whole £80K into this, while I decide where to split the £80K once the next interest rates meeting has taken place? 

While easy access ISA rates still appear to be creeping upwards, fixed rates have been falling gradually (the top 1 year fixed rate has dropped in recent weeks and 2-5 year fixes over the last few months) so there's a chance that you could stand to lose more by delaying your decision and allowing fixed rates to fall than you would gain (<£2/week on £80k) by moving from Shawbrook to Coventry easy access while you waited.

That's presuming that the base rate stays the same or falls at the next meeting - it could potentially rise of course, but if fixed rate ISAs continue to slide at the rate they are currently, then there's no guarantee that rates will be higher in 3-4 weeks time than they are at the moment, even if there is a small base rate increase. 

FWIW - if I was in your position, I would be thinking about taking out a couple of fixed rates (of different durations) now and then possibly moving the rest to Coventry and seeing what happens.... not that I'm necessarily recommending that you do this yourself though - my way of saving (which may be different to yours) is to spread the risk a little and therefore I've always favoured the 'savings ladder'-type of approach to taking out fixed rate accounts. 

Those are just my thoughts, anyway. Who knows what will happen and it's obviously a bit of a gamble, whatever you decide.