Cash ISAs: The Best Currently Available List

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Deposits can be made into your account until the product is withdrawn. You can check whether the product has been withdrawn by looking at the “Withdrawn Products” section of our website.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I am still adding to my NLA Shawbrook opened in Oct last year, clearly withdrawn from sale.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.

soulsaver

Bullet #3 in terms:
"Please note that the Bank reserves the right to withdraw this product at any time. If the product is withdrawn, you can continue to put more money into your account until the expiry of the fixed term"
1-year-fixed-rate-cash-isa-bond-89.pdf (shawbrook.co.uk)

intalex

Anyone with a Barclays ISA know how to view how much of the £20k annual ISA allowance for the current tax year has already been used up with contributions, and so how much is left?

The funds were transferred in from another ISA elsewhere, and on the Barclays app it just shows a single transaction with no breakdown of current year ISA allowance mentioned anywhere else.

refluxer

intalex said:

Anyone with a Barclays ISA know how to view how much of the £20k annual ISA allowance for the current tax year has already been used up with contributions, and so how much is left?

The funds were transferred in from another ISA elsewhere, and on the Barclays app it just shows a single transaction with no breakdown of current year ISA allowance mentioned anywhere else.

Barclays don't seem to provide that kind of information and even if they did, I think they would only provide a figure based on new subscriptions you'd paid into that particular Barclays ISA since it was opened - they would have no way of knowing what you'd paid into the ISA you'd transferred in previously because, AFAIK, banks don't share this kind of information - it's up to you to keep records. If they did provide this info and the account was solely funded with a transfer, I think it would (incorrectly) state you had £20k left of your current allowance and so wouldn't be any use to you anyway.

To work out what you have remaining, I guess you'll have to look back through your records and add up the subscriptions you'd paid into the previous ISA since 6th April 2023.

intalex

refluxer said:

Barclays don't seem to provide that kind of information and even if they did, I think they would only provide a figure based on new subscriptions you'd paid into that particular Barclays ISA since it was opened - they would have no way of knowing what you'd paid into the ISA you'd transferred in previously because, AFAIK, banks don't share this kind of information - it's up to you to keep records. If they did provide this info and the account was solely funded with a transfer, I think it would (incorrectly) state you had £20k left of your current allowance and so wouldn't be any use to you anyway.

To work out what you have remaining, I guess you'll have to look back through your records and add up the subscriptions you'd paid into the previous ISA since 6th April 2023.

I've had ISAs aplenty and transferred more than a few too, and every time the current year contributions portion is also communicated to the new provider when sending the funds - I believe it's a mandatory part of the ISA transfer. The difference is easy transparency of current year ISA allowance utilisation on their app - even some of the "smaller" institutions make visible the current year allowance utilisation in some form (text and/or graphic), but I guess Barclays may be a bit backward in this (or maybe someone can point me on how to view this).

refluxer

intalex said:

refluxer said:

Barclays don't seem to provide that kind of information and even if they did, I think they would only provide a figure based on new subscriptions you'd paid into that particular Barclays ISA since it was opened - they would have no way of knowing what you'd paid into the ISA you'd transferred in previously because, AFAIK, banks don't share this kind of information - it's up to you to keep records. If they did provide this info and the account was solely funded with a transfer, I think it would (incorrectly) state you had £20k left of your current allowance and so wouldn't be any use to you anyway.

To work out what you have remaining, I guess you'll have to look back through your records and add up the subscriptions you'd paid into the previous ISA since 6th April 2023.

I've had ISAs aplenty and transferred more than a few too, and every time the current year contributions portion is also communicated to the new provider when sending the funds - I believe it's a mandatory part of the ISA transfer. The difference is easy transparency of current year ISA allowance utilisation on their app - even some of the "smaller" institutions make visible the current year allowance utilisation in some form (text and/or graphic), but I guess Barclays may be a bit backward in this (or maybe someone can point me on how to view this).

Ah OK, I stand corrected - I was just going from what I'd read in the forum previously, as I don't have a lot of personal experience with doing these kinds of (same tax year) transfers. I tend to stick to fixed rate ISAs so have only transferred current tax year easy access ISA funds within the same tax year once or twice in the past.

Qyburn

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.

Shawbrook's previous fixed ISA allowed deposits thoughout the term.