Cash ISAs: The Best Currently Available List

csw5780

john1950 said:

I have a Newcastle BS fixed rate isa maturing on 3rd November and I quite like the look of the Nat West 2 year fix at 5.65%. 2 year fixes seem to be on the wane. 
Does anyone know please if the Nat West Fixed Rate isa on offer needs a cash deposit or is it possible to open it with a zero balance and then transfer in? 

From the app just now:

Kazza242

The Marcus and Saga cash ISA interest rates have both increased from 4.50% to 4.75% today (25/10/2023).  

dc_scotland

Kazza242 said:

The Marcus and Saga cash ISA interest rates have both increased from 4.50% to 4.75% today (25/10/2023).  

Hi Kazza242, it is the bonus element that has increased, and so requires account holders to manually renew/update their existing bonus.

pookey

Hi is it quite standard for 5 year fixed ISAs to have a 1 year penalty for early withdrawals pls? 

Also is it only possible to split up previous years ISAs into different ISA accounts? Or is it possible to split this year's too please? 

Catplan

pookey said:

Hi is it quite standard for 5 year fixed ISAs to have a 1 year penalty for early withdrawals pls? 

Also is it only possible to split up previous years ISAs into different ISA accounts? Or is it possible to split this year's too please? 

Definitely common to have a penalty, 1 year is long imo, but not really looked a fixing for that long.

yes you can split previous years assuming provider allows partial transfers. No it’s not possible to split this years as current year contributions should stay together, new money in one cash isa.

pookey

Catplan said:

pookey said:

Hi is it quite standard for 5 year fixed ISAs to have a 1 year penalty for early withdrawals pls? 

Also is it only possible to split up previous years ISAs into different ISA accounts? Or is it possible to split this year's too please? 

Definitely common to have a penalty, 1 year is long imo, but not really looked a fixing for that long.

yes you can split previous years assuming provider allows partial transfers. No it’s not possible to split this years as current year contributions should stay together, new money in one cash isa.

Thank you 

refluxer

pookey said:

Hi is it quite standard for 5 year fixed ISAs to have a 1 year penalty for early withdrawals pls? 

Yes - 365 days is the usual interest penalty for a 5 year fixed rate cash ISA.

harz99

Catplan said:

pookey said:

Hi is it quite standard for 5 year fixed ISAs to have a 1 year penalty for early withdrawals pls? 

Also is it only possible to split up previous years ISAs into different ISA accounts? Or is it possible to split this year's too please? 

Definitely common to have a penalty, 1 year is long imo, but not really looked a fixing for that long.

yes you can split previous years assuming provider allows partial transfers. No it’s not possible to split this years as current year contributions should stay together, new money in one cash isa.

I thought if the cash ISA provider offers a wrapper, you can hold more than one of their products within that wrapper? EG a fixed rate cash ISA and an easy access cash ISA, both for the same year.

pecunianonolet

Coventry Four Access ISA 5.05% now NLA (withdrawn 25.10.23) and rate reduced now to 4.55%. Just wanted to open it and seen rate has been lowered. 

Is there any chance to still open via paper form and sending the application by post?

Kim_13

pecunianonolet said:

Coventry Four Access ISA 5.05% now NLA (withdrawn 25.10.23) and rate reduced now to 4.55%. Just wanted to open it and seen rate has been lowered. 

Is there any chance to still open via paper form and sending the application by post?

Still showing as 5.05% in the withdrawn products section for me. Would be shocking if they had reduced it, as I received an email from them on Tuesday saying it had increased to 5.05%. Didn’t expect an email at all, as I didn’t open it until after the rate increase.