Cash ISAs: The Best Currently Available List

soulsaver

pecunianonolet said:

I have opened my Shawbrook 1y fix last April, put 10k in it and after 13 days they upped the rate and I could upgrade as still within the cooling off period. I had the 10k sitting there for a bit and made gradually new additions and been chucking all my rewards, account switch bonus payments, etc in there. Sometimes I made a pay in of just a 5er, sometimes a lot more. Interest is paid monthly for me. I can't contribute any experience about transfer in but I can certainly say that I made many additional contributions during the fixed term. I kind of was treating it as a sort of regular saver.

On the Virgin 1y fix at 5.25%, can I clarify below scenario:

1. Open account 06/02/24 (leave dormant at 0 balance)

2. Assume account withdrawn from sale 07/02/24

3. 30 days, to either pay in new funds or provide instructions to transfer in any previous year funds. My calculation takes me to 8th March?

So if I would leave it until the end, and provide transfer in instructions on the 8th March, could I instruct them to not start the transfer until e.g. 1st April? What's the maximum delay between providing instructions and transfer start date?

This could provide a very long window of opportunity in a declining market to secure what's left (I was unable to grab the 5.85% 1y at the time as I was tied up with Shawbrook and with penalty I would have still been at loss).

"What's the maximum delay between providing instructions and transfer start date?"

My understanding is (was on iss7) within 6 weeks of the transferring in 'maturity' date.

The problem is it doesn't tell you anywhere until you try it.

You may have to go through the application process and put your hoped for transfer date.

Clearly right now it will probably be outside any funding window, but it will respond with something like, '..must be within 6 weeks of the request' - screen dump the response in case they argue later.

I think if your transfer date is before April 6th, and the extension is 6 weeks, it'll work. If it's after 06/04, you should get feedback advising you additional requirements/caveats/pitfalls. 

You could always ring - but I'm not sure the CS is clued up enough to get a confident response. 

CuparLad

If you're transferring in FROM a fix that is yet to mature, you do have the "Wait until the end of the notice period" option when completing the transfer form rather than specifying a particular date. I'm not sure whether the existing provider responds with the date funds will be available, or whether the new provider just has to wait for the funds to show up, but it might help you achieve what you're after.

pecunianonolet

soulsaver said:

pecunianonolet said:

I have opened my Shawbrook 1y fix last April, put 10k in it and after 13 days they upped the rate and I could upgrade as still within the cooling off period. I had the 10k sitting there for a bit and made gradually new additions and been chucking all my rewards, account switch bonus payments, etc in there. Sometimes I made a pay in of just a 5er, sometimes a lot more. Interest is paid monthly for me. I can't contribute any experience about transfer in but I can certainly say that I made many additional contributions during the fixed term. I kind of was treating it as a sort of regular saver.

On the Virgin 1y fix at 5.25%, can I clarify below scenario:

1. Open account 06/02/24 (leave dormant at 0 balance)

2. Assume account withdrawn from sale 07/02/24

3. 30 days, to either pay in new funds or provide instructions to transfer in any previous year funds. My calculation takes me to 8th March?

So if I would leave it until the end, and provide transfer in instructions on the 8th March, could I instruct them to not start the transfer until e.g. 1st April? What's the maximum delay between providing instructions and transfer start date?

This could provide a very long window of opportunity in a declining market to secure what's left (I was unable to grab the 5.85% 1y at the time as I was tied up with Shawbrook and with penalty I would have still been at loss).

"What's the maximum delay between providing instructions and transfer start date?"

My understanding is (was on iss7) within 6 weeks of the transferring in 'maturity' date.

The problem is it doesn't tell you anywhere until you try it.

You may have to go through the application process and put your hoped for transfer date.

Clearly right now it will probably be outside any funding window, but it will respond with something like, '..must be within 6 weeks of the request' - screen dump the response in case they argue later.

I think if your transfer date is before April 6th, and the extension is 6 weeks, it'll work. If it's after 06/04, you should get feedback advising you additional requirements/caveats/pitfalls. 

You could always ring - but I'm not sure the CS is clued up enough to get a confident response. 

Thanks, I may open it up just in case. My fix matures on the 31st with Virgin (4.25%) issue 5 and I am debating if I should put it into this fix for a few months until Jan 25 or leave it in Easy Access hoping the current rates hold for a while as I may need access to it. 

harz99

Has @Kazza242 stopped updating his OP list, as I can't see any post later than October '23 to say otherwise?

sheslookinhot

harz99 said:

Has @Kazza242 stopped updating his OP list, as I can't see any post later than October '23 to say otherwise?

Edited on the 3 rd February as far as I can see.

badger09

sheslookinhot said:

harz99 said:

Has @Kazza242 stopped updating his OP list, as I can't see any post later than October '23 to say otherwise?

Edited on the 3 rd February as far as I can see.

Agreed. Edited 3rd Feb @ 3.47pm

harz99

Thanks people, I'll have to get me eyes tested🙄

pecunianonolet

Marsden BS has joint the 5.05% club.

https://www.themarsden.co.uk/savings/online-accounts/online-cash-isa



We also get personally notified of any rate changes. Somebody got a lot of travel to do and will meet a lot of people personally 

soulsaver

pecunianonolet said:

Thanks, I may open it up just in case. My fix matures on the 31st with Virgin (4.25%) issue 5 and I am debating if I should put it into this fix for a few months until Jan 25 or leave it in Easy Access hoping the current rates hold for a while as I may need access to it. 

2 points:

1.You are aware that there is a 60 day interest equiv. penalty for early access?

2. If you do the 'in the hope' opening, you wont have done the transfer as part of the opening process - then your only option on the transfer-in is paper form posted/delivered... or telephone. The post can't be relied upon in a tight deadline - so, short of a branch visit, you'll likely need to phone to make the transfer.

Maybe TGMTSE, but if phoning make sure to get the transfer reference and a note the time date & who you spoke with in case VM screw up - IME they do.... &  they'll do just about anything to get out of paying compensation.

eta branch visit option

pecunianonolet

soulsaver said:

pecunianonolet said:

Thanks, I may open it up just in case. My fix matures on the 31st with Virgin (4.25%) issue 5 and I am debating if I should put it into this fix for a few months until Jan 25 or leave it in Easy Access hoping the current rates hold for a while as I may need access to it. 

2 points:

1.You are aware that there is a 60 day interest equiv. penalty for early access?

2. If you do the 'in the hope' opening, you wont have done the transfer as part of the opening process - then your only option on the transfer-in is paper form posted... or telephone. The post can't be relied upon in a tight deadline - so you'll likely need to phone to make the transfer.

Maybe TGMTSE, but if phoning make sure to get the transfer reference and a note the time date & who you spoke with in case VM screw up - IME they do.... &  they'll do just about anything to get out of paying compensation.

Yes, opened the account and was showing up in the app instantly. Yes, aware of the 60 days so I either use the account and have to run it down to maturity on 31/01/25 or not use the account at all and put in easy access with the risk of rate dropping. I may split funds so I can hedge my risk a little. 

Snailmail can't be relied upon but I luckily have a branch 25 min walk away from me so would take the paper form in and get them to get it done straight away or at least acknowledge it on a piece of paper with date, time and so on.