Cash ISAs: The Best Currently Available List

subjecttocontract

That makes the Metro Bank 1 year fixed ISA @ 5.71% the market leader.

subjecttocontract

kjs31 said:

kjs31 said:

Thanks. I’m off to open one now. Will report back. I did call their helpline but although it was apparently the ISA team she didn’t seem to understand what I was asking. She kept saying switching by which I assume she meant transfer but couldn’t seem to understand what I was asking about the current tax year. 

Metro weren’t bothered about whether I funded from the current tax year or not. Once the account was open I was told to fund within 30 days. The guy who opened the account for me completed the ISA transfer form and I’m not expecting to have to do anything beyond that. The interest gets backdated to the date I opened the account apparently. Won’t that mean that I’ll get interest from the old provider and Metro during the time it takes to complete the transfer? 

The Metro Bank pay the interest on the account from the date you instruct them to start the transfer. In my case this was 7 days after I opened the ISA. So it doesn't really matter how long they take to complete the transfer. I believe Metro Bank are not part of the electronic transfer process so I'm not expecting the transfer to happen quickly.

Zopa_Trooper

2010 said:

Don`t think Moneybox is part of the electronic transfer system,so form filling and delay.
Marcus is the same, that`s why I left them, took a couple of weeks to do.

Well I've started the switching process from Moneybox to West Brom. All going smoothly so far, forms already in the (FREE) post. Don't know why I didn't do it before, 0.25% more, all for the sake of 60 days notice, hardly a hardship. Feel better about being snubbed now. Companies need to feel a backlash for treating newbies better than their formally loyal customers.

pecunianonolet

subjecttocontract said:

That makes the Metro Bank 1 year fixed ISA @ 5.71% the market leader.

Just very much discrimination to those a bit further up north as there are no branches at all. My next one is "just" a short ride of ca 225 miles away....

If they really need to raise enough liquidity they would not leave out half the country. 

subjecttocontract

It's not good for people up north and as far as I can make out you can't open anything online or by phone.
However, I would imagine they are opening a lot of extra accounts since they decided to elevate themselves to the top of the best paying accounts list. On the basis of my experience they are struggling to cope with the extra business. Without an appointment be prepared for quite a long wait in branch.

dlevene

Am also miffed by Moneybox's snub - also keen to switch to a flexible ISA as about to make a substantial withdrawal. 

Was previously on the fence about switching to Gatehouse - found the process very irritating, posted forms, etc - but given the above decided to go ahead and switch to Metro.

Went into the Manchester branch which is very easy for me to get to, and was a fair amount of faff but all set.

RG2015

RG2015 said:

The Virgin Money 1 Year Fixed Rate Cash ISA Exclusive Issue 7 at 5.85% has been replaced by Issue 8 at 5.65%.

The clock is now ticking for the 30 day window to fund an already open account.

Just received a text from VM saying I have until 5:00 pm on 23 Dec to add money to this account. It is good that these exclusive accounts are on the VM current account platform as transfers from the current account are 100% instantaneous.

Rich2808

RG2015 said:

RG2015 said:

The Virgin Money 1 Year Fixed Rate Cash ISA Exclusive Issue 7 at 5.85% has been replaced by Issue 8 at 5.65%.

The clock is now ticking for the 30 day window to fund an already open account.

Just received a text from VM saying I have until 5:00 pm on 23 Dec to add money to this account. It is good that these exclusive accounts are on the VM current account platform as transfers from the current account are 100% instantaneous.

I am assuming this 30 days extra to add funds post the account closing for new applications applies on an issue basis - so 23 December applies to issue 7 (i.e. 30 days from today).

I have an issue 6 which I opened in late October - does anyone remember when that closed to new applicants? Am I still within the 30 day window? 

Also is the 30 days period based on when the funds reach your account - or when Virgin receive the transfer form/request? The terms say this - but do they allow time for isa transfers to happen?

"You can pay money into your ISA as soon as it's opened, right up until 30 days after we stop selling this account."

I know transfers have to be done by post - post opening - or in a branch. Might be a good excuse for me to visit their VM London Haymarket branch - which closes its doors on Wednesday for good (the final London branch to close if I recollect?). I remember when they did free tea/coffee and biscuits - those were the days!

RG2015

Rich2808 said:

RG2015 said:

RG2015 said:

The Virgin Money 1 Year Fixed Rate Cash ISA Exclusive Issue 7 at 5.85% has been replaced by Issue 8 at 5.65%.

The clock is now ticking for the 30 day window to fund an already open account.

Just received a text from VM saying I have until 5:00 pm on 23 Dec to add money to this account. It is good that these exclusive accounts are on the VM current account platform as transfers from the current account are 100% instantaneous.

I am assuming this 30 days extra to add funds post the account closing for new applications applies on an issue basis - so 23 December applies to issue 7 (i.e. 30 days from today).

I have an issue 6 which I opened in late October - does anyone remember when that closed to new applicants? Am I still within the 30 day window? 

Also is the 30 days period based on when the funds reach your account - or when Virgin receive the transfer form/request? The terms say this - but do they allow time for isa transfers to happen?

"You can pay money into your ISA as soon as it's opened, right up until 30 days after we stop selling this account."

I know transfers have to be done by post - post opening - or in a branch. Might be a good excuse for me to visit their VM London Haymarket branch - which closes its doors on Wednesday for good (the final London branch to close if I recollect?). I remember when they did free tea/coffee and biscuits - those were the days!

You can find the dates on the link below.

https://uk.virginmoney.com/savings/helpful-information/find-your-interest-rate/

Issue 6 was withdrawn on 01/11/2023.

Therefore I would assume you could fund it up to 5:00 pm on either 30/11/2023 or 01/12/2023. I would have thought you would have had a text on 2nd November giving details.

RG2015

Rich2808 said:j

RG2015 said:

RG2015 said:

The Virgin Money 1 Year Fixed Rate Cash ISA Exclusive Issue 7 at 5.85% has been replaced by Issue 8 at 5.65%.

The clock is now ticking for the 30 day window to fund an already open account.

Just received a text from VM saying I have until 5:00 pm on 23 Dec to add money to this account. It is good that these exclusive accounts are on the VM current account platform as transfers from the current account are 100% instantaneous.

I know transfers have to be done by post - post opening - or in a branch. Might be a good excuse for me to visit their VM London Haymarket branch - which closes its doors on Wednesday for good (the final London branch to close if I recollect?). I remember when they did free tea/coffee and biscuits - those were the days!

Oh yes, Virgin Money lounges. They shut them all down shortly after I signed up. They used a Face ID camera to identify authorised members as they walked in.