Cash ISAs: The Best Currently Available List

karlie88

Chip's cash isa is now at 5.1%.

However, I'm a tad confused re: paying 0.6% lower than base rate?

CuparLad

I think you're missing a 2.

The interest rate is variable and tracks at a margin of 0.26% (gross) below the Bank of England base rate (“Tracking Rate”). We will notify you of any changes at this time.

https://getchip.uk/savings-accounts/cash-isa

pecunianonolet

karlie88 said:

Chip's cash isa is now at 5.1%.

However, I'm a tad confused re: paying 0.6% lower than base rate?

Nice rate but doesn't allow transfer in other ISA's so rather restrictive.

However, in the T&C'S they say the following:

To open a Chip Cash ISA, you must complete an application online through your Chip App. You must be at least 18 years old and a UK resident to open a Chip Cash ISA. You cannot have already paid into another cash ISA in the same tax year (unless that ISA has been closed or you are transferring your ISA to us).

I guess that needs some clarification.

Bridlington1

CuparLad said:

I think you're missing a 2.

The interest rate is variable and tracks at a margin of 0.26% (gross) below the Bank of England base rate (“Tracking Rate”). We will notify you of any changes at this time.

https://getchip.uk/savings-accounts/cash-isa

Though to be fair Chip have missed a 2 out in the FAQs section, which I suspect is what may have caused the confusion:

soulsaver

And maybe compounded by the fact that BoE base less 0.26% isn't 5.10%?

10_66

soulsaver said:

And maybe compounded by the fact that BoE base less 0.26% isn't 5.10%?

I think they're using the 4.99% gross figure they show (ie 5.25% - 0.26% = 4.99%)

doodlector

Looks like VM fixed rates ISA Exclusive has been upped to issue 11.  Maturing 31.3.25 and still 5.25%

I've had a message to say last deposits to the issue 10 are by 30.3.24

Zaul22

I don't think that's a typo from Chip, they have changed the tracking rate as it definitely was 0.6 before. It has gone from garbage to great but the speed of the change suggests they could change it back to garbage again on a whim. 

Shedman

doodlector said:

Looks like VM fixed rates ISA Exclusive has been upped to issue 11.  Maturing 31.3.25 and still 5.25%

I've had a message to say last deposits to the issue 10 are by 30.3.24

Hopefully this will stay open until past 5 April so next years allowance can go in.  They'd have to give notice of it going off sale (hence the 30 day countdown starting) in next few days .otherwise. 

AmityNeon

Shedman said:

doodlector said:

Looks like VM fixed rates ISA Exclusive has been upped to issue 11. Maturing 31.3.25 and still 5.25%

I've had a message to say last deposits to the issue 10 are by 30.3.24

Hopefully this will stay open until past 5 April so next years allowance can go in. They'd have to give notice of it going off sale (hence the 30 day countdown starting) in next few days .otherwise.

Issue 11 only has to remain on offer until 7th March, in which case the last date of funding would be 6th April, allowing for next year's allowance to be deposited.

Issue 11 was available yesterday, which means Issue 10 has been given at least an extra day's funding (31 instead of 30).