Cash ISAs: The Best Currently Available List

sheslookinhot

Sainsbury Easy Access Cash ISA down to 4.4%; from 4.91%.

ForumUser7

sheslookinhot said:

Sainsbury Easy Access Cash ISA down to 4.4%; from 4.91%.

Is that for new customers only, or also existing customers please?

soulsaver

Not seen this mentioned or suggested and note, you'll need to have the Virgin Money ISA7 already*.

VM FT ISA4 (12mths @ 4.25%) Matures 31/01/24 for everyone.

VM FT ISA7 (fixed @ 5.85% until end of Nov 2024) has been NLA since start of December - Nov 23rd but open for funding until 30/12 23/12 see below posts (Off Sale +30 days).

Fix maturity must be within 6 weeks of instruction to be eligible to transfer -  31/01 is 6 weeks from today - so you have 20/12 (6week start) to 30/12 23/12 (funding window closes) to APPLY for a transfer to take effect 31/01 avoiding ISA4 early closure penalty.

So there is a small window starting today, 20th, until 30/12 23/12 where you can set up to transfer the maturing ISA 4 funds at 31/01/24 (no penalty) to the ISA7 5.85% Fixed 1 year ISA. 

VM say it can't be done online, or by secure message - it's post form or call.  0345 608 1604

You'll need both ISA4 & ISA7 account numbers and sort codes to hand when calling.

*If you have ISA 4 but haven't got ISA 7 you can obviously consider (DYOR) the  process to lock in VM's current ISAs for 31/01 - best 1yr VM isa currently 5.25% (2nd only to Metro at 5.41 IIRC) but risks disappearing if you wait.

ETA safe funding dates, see below posts.

RG2015

soulsaver said:

Not seen this mentioned or suggested and note, you'll need to have the Virgin Money ISA7 already*.

VM FT ISA4 (12mths @ 4.25%) Matures 31/01/24 for everyone.

VM FT ISA7 (fixed @ 5.85% until end of Nov 2024) has been NLA since start of December - but open for funding until 30/12 (Off Sale +30 days).

Fix maturity must be within 6 weeks of instruction to be eligible to transfer -  31/01 is 6 weeks from today - so you have 20/12 (6week start) to 30/12 (funding window closes) to APPLY for a transfer to take effect 31/01 avoiding ISA4 early closure penalty.

So there is a small window starting today, 20th, until 30/12 where you can set up to transfer the maturing ISA 4 funds at 31/01/24 (no penalty) to the ISA7 5.85% Fixed 1 year ISA. 

VM say it can't be done online, or by secure message - it's post form or call.  0345 608 1604

You'll need both ISA4 & ISA7 account numbers and sort codes to hand when calling.

*If you have ISA 4 but haven't got ISA 7 you can obviously consider (DYOR) the  process to lock in VM's current ISAs for 31/01 - best 1yr VM isa currently 5.25% (2nd only to Metro at 5.41 IIRC) but risks disappearing if you wait.

Re the VM FT ISA Issue 7 @ 5.85%.

This was discontinued on 23/11/23 so the final date for funding is 23/12/23.

This was confirmed by a VM text to me on 24/11/23 where they confirmed that existing accounts could be funded up to 5:00pm on 23/12/23.

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

guli

soulsaver said:

Not seen this mentioned or suggested and note, you'll need to have the Virgin Money ISA7 already*.

VM FT ISA4 (12mths @ 4.25%) Matures 31/01/24 for everyone.

VM FT ISA7 (fixed @ 5.85% until end of Nov 2024) has been NLA since start of December - but open for funding until 30/12 (Off Sale +30 days).

Fix maturity must be within 6 weeks of instruction to be eligible to transfer -  31/01 is 6 weeks from today - so you have 20/12 (6week start) to 30/12 (funding window closes) to APPLY for a transfer to take effect 31/01 avoiding ISA4 early closure penalty.

So there is a small window starting today, 20th, until 30/12 where you can set up to transfer the maturing ISA 4 funds at 31/01/24 (no penalty) to the ISA7 5.85% Fixed 1 year ISA. 

VM say it can't be done online, or by secure message - it's post form or call.  0345 608 1604

You'll need both ISA4 & ISA7 account numbers and sort codes to hand when calling.

*If you have ISA 4 but haven't got ISA 7 you can obviously consider (DYOR) the  process to lock in VM's current ISAs for 31/01 - best 1yr VM isa currently 5.25% (2nd only to Metro at 5.41 IIRC) but risks disappearing if you wait.

six weeks from today is 30th January

soulsaver

RG2015 said:

soulsaver said:

Not seen this mentioned or suggested and note, you'll need to have the Virgin Money ISA7 already*.

VM FT ISA4 (12mths @ 4.25%) Matures 31/01/24 for everyone.

VM FT ISA7 (fixed @ 5.85% until end of Nov 2024) has been NLA since start of December - but open for funding until 30/12 (Off Sale +30 days).

Fix maturity must be within 6 weeks of instruction to be eligible to transfer -  31/01 is 6 weeks from today - so you have 20/12 (6week start) to 30/12 (funding window closes) to APPLY for a transfer to take effect 31/01 avoiding ISA4 early closure penalty.

So there is a small window starting today, 20th, until 30/12 where you can set up to transfer the maturing ISA 4 funds at 31/01/24 (no penalty) to the ISA7 5.85% Fixed 1 year ISA. 

VM say it can't be done online, or by secure message - it's post form or call.  0345 608 1604

You'll need both ISA4 & ISA7 account numbers and sort codes to hand when calling.

*If you have ISA 4 but haven't got ISA 7 you can obviously consider (DYOR) the  process to lock in VM's current ISAs for 31/01 - best 1yr VM isa currently 5.25% (2nd only to Metro at 5.41 IIRC) but risks disappearing if you wait.

Re the VM FT ISA Issue 7 @ 5.85%.

This was discontinued on 23/11/23 so the final date for funding is 23/12/23.

This was confirmed by a VM text to me on 24/11/23 where they confirmed that existing accounts could be funded up to 5:00pm on 23/12/23.

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

OK, best to err on the safe side, you've got an even smaller window, 20th to 23rd.

I got both dates from their CS last night, and my transfer was accepted this morning. The 2nd CS didn't argue about 23 vs 30th in the preamble, but of course 20th should be acceptable either way. I'll edit the OP to be on the safe side, thanks.

sparkiemalarkie

Thank you soulsaver, this worked for me too !!
Did you get an email confirming ?

sx

soulsaver

sparkiemalarkie said:

Thank you soulsaver, this worked for me too !!
Did you get an email confirming ?

sx

I asked if they did, he said they don't but gave me a transfer reference.. and I  kept a note of the CS's name, date & time of the conversation.

soulsaver

@sparkiemalarkie Have you checked your VM account? 

akh43

Has there been a sudden drop in rates as just checked the list on page one under the 1 year fixed ISAs allowing transfers and lots are either no longer available or the rates have reduced to under 5%.  I can't do Virgin as would take me over the FSCS, but M&S, Tesco, Paragon, Aldermore, Kent Reliance, United Trust, Newcastle NLA, Metro not taking applications until the new year (not that I would have gone with them) UBL the first one I have found that is still as stated at 5.10%.  Also started to look at the 2 years and the ones I have checked so far have also dropped their rates.