Cash ISAs: The Best Currently Available List

kjs31

subjecttocontract said:

My other half has an ISA transfer to Metro currently in progress. It was initiated on 28th November, she received a call from Metro yesterday apologising for the delays. The money left the current provider on 11th December and it's expected to all be finalised early next week......which will be 15 working days. It's no problem for her, Metro have been paying 5.71% interest since 28th November on money they don't have available to lend or invest....they are the only party disadvantaged.

My money left the current provider on 28th November and I haven’t had a phone call yet 😉. Mine is 17 working days so far. As you say it’s Metro Bank’s problem but I do actually like to see the money in my account when I log on …

subjecttocontract

kjs31 said:

subjecttocontract said:

My other half has an ISA transfer to Metro currently in progress. It was initiated on 28th November, she received a call from Metro yesterday apologising for the delays. The money left the current provider on 11th December and it's expected to all be finalised early next week......which will be 15 working days. It's no problem for her, Metro have been paying 5.71% interest since 28th November on money they don't have available to lend or invest....they are the only party disadvantaged.

My money left the current provider on 28th November and I haven’t had a phone call yet 😉. Mine is 17 working days so far. As you say it’s Metro Bank’s problem but I do actually like to see the money in my account when I log on …

I'm surprised you are expecting a phone call ! Who is it you think is going to phone you, you surely aren't expecting Metro to call you are you ?

kjs31

subjecttocontract said:

I'm surprised you are expecting a phone call ! Who is it you think is going to phone you, you surely aren't expecting Metro to call you are you ?

Why not? You said your OH received a phone call from them? Or is she special somehow? 

subjecttocontract

I suspect each branch has a degree of freedom to contact customers if workload permits. My wife had already called them to chase the transfer up......she wasn't expecting any return phone calls, ever, given the workload pressures they are under. Our local branch had already informed her that when the transfer is complete they will send a letter to confirm it's done.

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.