Cash ISAs: The Best Currently Available List

RG2015

Mine is also showing 4.25% but Virgin Money are often slow in updating their sites. I am expecting the correct rate to show tomorrow.

RG2015

Regarding the VM ISA, the current rate is 4.76% and their terms say they will give at least 2 months notice if they reduce the rate.

ChewyyBacca

SirHugo said:

My Virgin 1 Year Fixed Rate Cash ISA Exclusive Issue 4 matured yesterday. It has now been switched to the Easy Access Cash ISA Exclusive Issue 2. I had an email about this on the 16th Jan which said this ISA pays a variable interest rate of 4.76% AER.

However in my app the ISA is showing a rate of just 4.25% AER (and also when I log in online on my Mac). On Virgin Money website the ISA is still advertised as 4.76% so I'm wondering what gives. I'll contact them in the morning, but has anyone else had this problem?

im in the same boat.
Apart from the rate disparity- 4.25% vs 4.76% I have another concern here.

Will VM automatically transfer matured ISA proceeds into ISA Issue 10? or do we have to do it?
Mind you, I already placed request for the ISA transfer, while opening the new issue.

pecunianonolet

I have the Exclusive Cash ISA issue 2, although unfunded as you could open it with a 0 balance, and it still shows in the app the 4.76% interest. 

I wonder where my 4.25% 1y Exclusive fix will go in 8 weeks.

akh43

SirHugo said:

My Virgin 1 Year Fixed Rate Cash ISA Exclusive Issue 4 matured yesterday. It has now been switched to the Easy Access Cash ISA Exclusive Issue 2. I had an email about this on the 16th Jan which said this ISA pays a variable interest rate of 4.76% AER.

However in my app the ISA is showing a rate of just 4.25% AER (and also when I log in online on my Mac). On Virgin Money website the ISA is still advertised as 4.76% so I'm wondering what gives. I'll contact them in the morning, but has anyone else had this problem?

The same happened to me too and I was going to raise it, but before I could I received a message from UTB that the transfer had been received in my new 2 year fixed ISA which was surprisingly quick for virgin, especially as when I did the last transfer between the 2 different parts of virgin in December it took 5 days and for 2 of those days it didn't show in either account 🙄

AmityNeon

The 4.25% is likely a holdover from the Fixed Issue 4, and it hasn't updated to the correct rate of 4.76%.

RG2015

ChewyyBacca said:

SirHugo said:

My Virgin 1 Year Fixed Rate Cash ISA Exclusive Issue 4 matured yesterday. It has now been switched to the Easy Access Cash ISA Exclusive Issue 2. I had an email about this on the 16th Jan which said this ISA pays a variable interest rate of 4.76% AER.

However in my app the ISA is showing a rate of just 4.25% AER (and also when I log in online on my Mac). On Virgin Money website the ISA is still advertised as 4.76% so I'm wondering what gives. I'll contact them in the morning, but has anyone else had this problem?

im in the same boat.
Apart from the rate disparity- 4.25% vs 4.76% I have another concern here.

Will VM automatically transfer matured ISA proceeds into ISA Issue 10? or do we have to do it?
Mind you, I already placed request for the ISA transfer, while opening the new issue.

Their maturity process is to convert a fixed ISA into a flexible easy access ISA. I had this for an earlier version and also for this one (Issue 4) today. Hence I now have two easy access issue 2 ISAs. 

There is no part of the maturity that involves a new fixed ISA, which is what I assume you mean by the current Issue 10.

PS: In my opinion it makes more sense to convert into an easy access account rather than locking it into a fixed term account.

SirHugo

AmityNeon said:

The 4.25% is likely a holdover from the Fixed Issue 4, and it hasn't updated to the correct rate of 4.76%.

Yes, that's what I'm thinking.

ChewyyBacca

RG2015 said:

ChewyyBacca said:

SirHugo said:

My Virgin 1 Year Fixed Rate Cash ISA Exclusive Issue 4 matured yesterday. It has now been switched to the Easy Access Cash ISA Exclusive Issue 2. I had an email about this on the 16th Jan which said this ISA pays a variable interest rate of 4.76% AER.

However in my app the ISA is showing a rate of just 4.25% AER (and also when I log in online on my Mac). On Virgin Money website the ISA is still advertised as 4.76% so I'm wondering what gives. I'll contact them in the morning, but has anyone else had this problem?

im in the same boat.
Apart from the rate disparity- 4.25% vs 4.76% I have another concern here.

Will VM automatically transfer matured ISA proceeds into ISA Issue 10? or do we have to do it?
Mind you, I already placed request for the ISA transfer, while opening the new issue.

Their maturity process is to convert a fixed ISA into a flexible easy access ISA. I had this for an earlier version and also for this one (Issue 4) today. Hence I now have two easy access issue 2 ISAs. 

There is no part of the maturity that involves a new fixed ISA, which is what I assume you mean by the current Issue 10.

PS: In my opinion it makes more sense to convert into an easy access account rather than locking it into a fixed term account.

Apologies, What I meant was
I had Exclusive Fixed Rate Cash ISA issue 2 maturing on 31 Jan 24
I opened Exclusive Fixed Rate Cash ISA issue 10 on 26 Jan 24 & requested Issue 2 to be transferred in Issue 10

VM has converted Fixed Rate Cash ISA Issue 2 into Easy Access Cash ISA.
Would this money remain in Easy Access until I initiate the transfer of these monies online in the new Fixed Rate Cash ISA issue 10?
Or since I had given VM the transfer request from Issue 2 to Issue 10, they will do it? 
Do I need to call them to remind them?

RG2015

My VM Easy Access ISA is now correctly showing a rate of 4.76%