Cash ISAs: The Best Currently Available List

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 ?

refluxer

soulsaver said:

refluxer said:

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 ?

Why I said check: Conflict in the terms further down:  "Transfers in from other ISA providers are not permitted."

That sentence applies to the 'Cash ISA Matured Funds' account (which is the account the fixed rate ISA defaults to at the end of the fixed term if no maturity instructions are submitted) and not to the fixed rate ISA itself, which you can transfer into.

soulsaver

refluxer said:

soulsaver said:

refluxer said:

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 ?

Why I said check: Conflict in the terms further down:  "Transfers in from other ISA providers are not permitted."

That sentence applies to the 'Cash ISA Matured Funds' account (which is the account the fixed rate ISA defaults to at the end of the fixed term if no maturity instructions are submitted) and not to the fixed rate ISA itself, which you can transfer into.

Thanks. I didn't read it closely hence me saying 'Check'. Post removed to avoid confusion.

pecunianonolet

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).

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