Cash ISAs: The Best Currently Available List

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Coventry Four Access ISA 5.05% now NLA (withdrawn 25.10.23) and rate reduced now to 4.55%.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Coventry Four Access ISA 5.05% now NLA (withdrawn 25.10.23) and rate reduced now to 4.55%.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Still showing as 5.05% in the withdrawn products section for me.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.

refluxer

Kim_13 said:

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Coventry Four Access ISA 5.05% now NLA (withdrawn 25.10.23) and rate reduced now to 4.55%.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Still showing as 5.05% in the withdrawn products section for me.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.

I don't have any Coventry BS accounts myself but, if they work in the same way as many other banks and building societies, I expect what they've done is release a new issue at a lower rate, so the prior issue should be safe on 5.05% for a while yet. 

10_66

refluxer said:

Kim_13 said:

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.

I don't have any Coventry BS accounts myself but, if they work in the same way as many other banks and building societies, I expect what they've done is release a new issue at a lower rate, so the prior issue should be safe on 5.05% for a while yet. 

The 4.55% one is non-online.  The 5.05% online has been withdrawn.

pecunianonolet

Is there an option to still apply via paper form for the 5.05% version? I know it worked with some BS in the past. I can't find any application forms on their site at all.

refluxer

10_66 said:

refluxer said:

Kim_13 said:

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.

I don't have any Coventry BS accounts myself but, if they work in the same way as many other banks and building societies, I expect what they've done is release a new issue at a lower rate, so the prior issue should be safe on 5.05% for a while yet. 

The 4.55% one is non-online.  The 5.05% online has been withdrawn.

You can actually open and manage the current 4.55% Four Access ISA account online (as well as by post, branch and phone), so perhaps the withdrawn account was online-only which would differentiate it ? 

pecunianonolet

The question is what would you send them by post if there is no application form anywhere to find?

refluxer

pecunianonolet said:

The question is what would you send them by post if there is no application form anywhere to find?

Why are you so desperate to open that account ? Zopa and Cynergy both have easy access cash ISAs paying slightly higher rates and with no withdrawal restrictions.

pecunianonolet

refluxer said:

pecunianonolet said:

The question is what would you send them by post if there is no application form anywhere to find?

Why are you so desperate to open that account ? Zopa and Cynergy both have easy access cash ISAs paying slightly higher rates and with no withdrawal restrictions.

- Zopa does not allow transfer in
- Cynergy is not flexible and only allows transfer in during opening
- Skipton would be next on the list as flexible and allows transfer in but only interest at anniversary and interest includes a 1% bonus for 12 months

So Coventry was the best offering and I totally missed it and when I wanted to open this morning it was gone.

I have a Virgin 1y ISA maturing end of March and another 1y ISA maturing in April with Shawbrook. Shawbrook is current tax year funds so have my subscription for this tax year full. 

With Coventry I opened several of their 3,4,6 access savers over the last year and some never got used when rates moving up so quickly and they are sitting since months at 0 balance even if they say minimum balance is £1. So the hope was that by opening the Coventry ISA I could just let it sit there with 0 balance and as there are no restrictions with transfer in I could transfer in both of the above ISA's. The risk of the rate to be lowered for those having the account would be much less than gambling and waiting of what rates will be like in spring next year. 

Does that explain the desperation?