Cash ISAs: The Best Currently Available List

soulsaver

pecunianonolet said:

soulsaver said:

I don't know if useful to anyone and spurs them to act:

I just moved my 23/24 £20k from my YBS loyalty 6 access flexi eISA 5.2%atm (variable) ending May.. into my Skipton 1 year fix at 5.78% maturity Sept - Skipton are one of those rare beasts that allow you to continue to add to fixes.. until they tell you you can't.

If you're doing it make sure you investigate the rules - I stuck to the current year's £20k as after that my certainty in what's allowed evaporates and it wasn't big numbers - so I left earned interest and previous years bits behind. 

Before anyone says it, I'm aware I could have done it earlier but the short answer is I needed the flexibility earlier.  

Thanks for the heads up, didn't know that Skipton let's you add to a fix. Was only aware of Shawbrook offering this feature. A good rate too.

Whoops - It was Shawbrook. I'll edit the post... there's an age you get to.. fgs!

Let me know if it works for Skipton..

soulsaver

pecunianonolet said:

soulsaver said:

I don't know if useful to anyone and spurs them to act:

I just moved my 23/24 £20k from my YBS loyalty 6 access flexi eISA 5.2%atm (variable) ending May.. into my Skipton 1 year fix at 5.78% maturity Sept - Skipton are one of those rare beasts that allow you to continue to add to fixes.. until they tell you you can't.

If you're doing it make sure you investigate the rules - I stuck to the current year's £20k as after that my certainty in what's allowed evaporates and it wasn't big numbers - so I left earned interest and previous years bits behind. 

Before anyone says it, I'm aware I could have done it earlier but the short answer is I needed the flexibility earlier.  

Thanks for the heads up, didn't know that Skipton let's you add to a fix. Was only aware of Shawbrook offering this feature. A good rate too.

Thanks - You're right - it was Shawbrook. I think your post maybe diplomacy...

2010

Hypo question.

If I had a 1yr fix ISA with Shawbrook which matures in April, could I open a new one which currently is paying 4.98%, and I then transfer my current 1yr fix that matures in April into it without penalty?

soulsaver

How long does the target (Shawbrook?) ISA allow at nil balance? 

You could possibly do it with Virgin at 5.25% which DOES allow a nil balance. After it comes off sale there's a 30 day window (IIRC so DYOR) in which to initiate the transfer, which must be within 6 weeks of the request - takes you well into April. 

25_Years_On

2010 said:

Hypo question.

If I had a 1yr fix ISA with Shawbrook which matures in April, could I open a new one which currently is paying 4.98%, and I then transfer my current 1yr fix that matures in April into it without penalty?

You can't transfer without penalty before it matures in April.

bristolleedsfan

2010 said:

Hypo question.

If I had a 1yr fix ISA with Shawbrook which matures in April, could I open a new one which currently is paying 4.98%, and I then transfer my current 1yr fix that matures in April into it without penalty?

"Transfers in from other Shawbrook Cash ISAs are permitted subject to the account being open for new funding"

https://www.shawbrook.co.uk/media/6013/1-year-fixed-rate-cash-isa-bond-87.pdf  - additional information

DJSINGH

soulsaver said:

How long does the target (Shawbrook?) ISA allow at nil balance? 

You could possibly do it with Virgin at 5.25% which DOES allow a nil balance. After it comes off sale there's a 30 day window (IIRC so DYOR) in which to initiate the transfer, which must be within 6 weeks of the request - takes you well into April. 

In regards to the virgin 5.25%, it looks like there is a manual step though before they will accept:

If you don’t pay in any money into your Easy
Access Cash ISA Exclusive in a tax year, your
ISA Declaration will expire. Don’t worry, you’ll
just need to sign and return to us a new ISA
Declaration before you can pay in any more
money. We’ll let you know if and when you
need to do this

CuparLad

Shawbrook Fixed ISAs

Just reading through the interesting comments about Shawbrook allowing transfers in through the duration of the fix (IIRIC). I have a SecureTrust fix expiring in a couple of weeks, but since all currently available fixes are below the 5.05% Four Access ISA with Coventry, I was going to pop the maturing funds in there for the time being.

The comments above seem to suggest I could nab the existing 4.98% 1 Yr fix with Shawbrook now and use it as an insurance policy in case Coventry drop their rates. Am I right? If so, presumably I only need to put the minimum £1K into Shawbrook for now?

soulsaver

CuparLad said:

Shawbrook Fixed ISAs

Just reading through the interesting comments about Shawbrook allowing transfers in through the duration of the fix (IIRIC). I have a SecureTrust fix expiring in a couple of weeks, but since all currently available fixes are below the 5.05% Four Access ISA with Coventry, I was going to pop the maturing funds in there for the time being.

The comments above seem to suggest I could nab the existing 4.98% 1 Yr fix with Shawbrook now and use it as an insurance policy in case Coventry drop their rates. Am I right? If so, presumably I only need to put the minimum £1K into Shawbrook for now?

Yes... But check if Shawbrook latest issue allows transfers in from third parties.

Alternatively Virgin Money has 5.25% fix available with at least 30 day funding window after it goes off sale (isn't yet) but think you'll need a VM current account to get it - so don't hang around; you have to get it open to benefit. 
1 Year Fixed Rate Cash ISA Exclusive | ISAs | Savings | Virgin Money UK

refluxer

CuparLad said:

Shawbrook Fixed ISAs

Just reading through the interesting comments about Shawbrook allowing transfers in through the duration of the fix (IIRIC). I have a SecureTrust fix expiring in a couple of weeks, but since all currently available fixes are below the 5.05% Four Access ISA with Coventry, I was going to pop the maturing funds in there for the time being.

The comments above seem to suggest I could nab the existing 4.98% 1 Yr fix with Shawbrook now and use it as an insurance policy in case Coventry drop their rates. Am I right? If so, presumably I only need to put the minimum £1K into Shawbrook for now?

The official line from Shawbrook is that transfer requests have to be made at the time of application and that they reserve the right to reject future requests although it would appear from comments made by other posters that many have had success in transferring-in at a later stage.

• Transfers in from other Cash ISA or Stocks and Shares ISA providers are permitted. Requests to transfer funds into an account from another ISA provider must be made at the same time as your initial account application by signing a transfer form. Transfer requests received after your initial account application may be refused

Note that you'd only be able to pay £1,000 into the Shawbrook ISA to keep it open in the meantime if you haven't paid anything from this current tax year's ISA allowance into another cash ISA during the current tax year ?