Cash ISAs: The Best Currently Available List

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?

pecunianonolet

2010 said:

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?

Transfers in should be done at account opening, some here said in the past that transfers in at a later time are also possible but I would not count on it. Funding for new money can be done as long as the bond is running.

badger09

2010 said:

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?

You can apply for this ISA now and complete Shawbrook’s ISA xfer form. There will be a box where you can request that the xfer takes place immediately, with a possible penalty, or when your existing ISA has matured. Choose the latter. 

Keep a copy of your transfer form as proof of your instruction. 

TheBanker

2010 said:

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?

I opened one of these today. My email confirmation says 

Deposits can be made into your account until the product is withdrawn. You can check whether the product has been withdrawn by looking at the “Withdrawn Products” section of our website.

Not very helpful I'm afraid

akh43

I am still adding to my NLA Shawbrook opened in Oct last year, clearly withdrawn from sale. I rang them up to confirm I could do this and they were very helpful and confirmed that I could. I have added 2 further ISA transfers and this year's ISA and still have some more to add.