Cash ISAs: The Best Currently Available List

elkiedee

I'm not eligible for the Loyalty ISA accounts at the moment but they're paying better rates than my ISA savings. They also have some quite good non ISA savings rates that are open to all, including decent rates for unlimited withdrawals. I think that I might open one or two accounts with them later this month, with £10 each but it will probably be on or after payday. Then I can decide whether to move or add more savings to them during the year, and can also see what accounts/rates/conditions are on offer in 2025 when some of the accounts I've opened recently come to an end and I have to make decisions anyway.

Kazza242

CuparLad said:

Kazza242 said:

"The message means you cannot convert an existing account from a different account type to a Loyalty product. Loyalty accounts need to be applied for as new accounts. Once open, then you can arrange for the funds to be moved over from an existing account."

Very sloppy wording from YBS in their T&Cs in that case. Transfer has a particular meaning when it comes to ISAs so a reasonable person would assume that the term prevents exactly that; a transfer. Convert is something different. The outcome can be the same (assuming a full rather than a partial transfer), but the process is different.

Yes, I agree that their wording could have been better on the product web pages.  However, it did not make sense to me that YBS would launch a new loyalty six access ISA and not allow their existing customers to transfer their existing YBS ISAs to it.  That's why I queried it with them.

They clearly copied and pasted the same sentence from their Loyalty Regular Saver page.  They should have amended it for clarity on their ISA product pages.  

super_reds

Think the Zopa 1 yr fix is now 5.00% (versus 4.90% on the first page) unless am missing something?

Also it looks to me like they take existing ISA transfers

Qyburn

super_reds said:

Think the Zopa 1 yr fix is now 5.00% (versus 4.90% on the first page) unless am missing something?

Also it looks to me like they take existing ISA transfers

They do, I've done it.

matt_james27

Hi all. I've already paid into a cash ISA this year.
If I open a new fixed ISA this month, can I then wait and pay into in April (the new financial year)? The virgin ISA page seems to state that is okay. As it says if you miss the deadline for this tax year it will count towards next year's allowance.

Just wondering if the rates will start dropping later this month/in April.

Thanks 

pecunianonolet

matt_james27 said:

Hi all. I've already paid into a cash ISA this year.
If I open a new fixed ISA this month, can I then wait and pay into in April (the new financial year)? The virgin ISA page seems to state that is okay. As it says if you miss the deadline for this tax year it will count towards next year's allowance.

Just wondering if the rates will start dropping later this month/in April.

Thanks 

Yes, the Virgin 1y fixed ISA allows funding until 30 days after the previous issue has been taken NLA. So if you open it now you have until next tax year to fund it with new money.

From next tax year you can also subscribe to as many providers in the same tax year as you wish as long as you not exceed your 20k allowance. Opening a few ISA accounts now and leave them unfunded (those with longer funding windows) may be beneficial. Next MPC meeting end of March could create some market movements.

RG2015

matt_james27 said:

Hi all. I've already paid into a cash ISA this year.
If I open a new fixed ISA this month, can I then wait and pay into in April (the new financial year)? The virgin ISA page seems to state that is okay. As it says if you miss the deadline for this tax year it will count towards next year's allowance.

Just wondering if the rates will start dropping later this month/in April.

Thanks 

The Virgin Money 1 year exclusive 5.25% fixed ISA allows subscriptions up to 30 days after they withdraw the product. As long as the account is open then the rate will apply, even if unfunded this year.

Even if they withdrew it today a subscription could be made on 8th April. As it requires a VM current account a new money subscription could be a simple internal VM transfer from the current account to the ISA.

matt_james27

thank you both

gelato_cat

@Kazza242 The interest rate on the Leeds Limited Issue Online Access ISA (Issue 70) is now 4.75%.

https://www.leedsbuildingsociety.co.uk/savings/cash-isas/limited-issue-online-access-isa/

Thank you

2010

Shawbrook have a 1yr fixed ISA at 5.03%, but nowhere can I see how long you have got to fund it or if you can still fund it after it is NLA.
I was going to open one ready to transfer my existing maturing ISA on 7th April.
Would this be possible?