Cash ISAs: The Best Currently Available List

Emily_Joy

Coventry BS four access ISA is down to 4.55%.

refluxer

CuparLad said:

Kent Reliance Cash ISA 1 Year Fixed Rate - Issue 93

I'm considering this for an existing fix that matures on 6th April (so next tax year). The T&Cs state that:

Transfer of additional ISA funds from other providers are permitted however this request must be received within 30 days of your account being opened. The time required to complete your transfer to Kent Reliance will be determined by your current provider.

The ISA Transfer form appears to be manual (https://www.kentreliance.co.uk/media/lmnjj5gh/1849_transfer_of_isa_funds_from_another_isa_provider_0518.pdf) even though you select when you open the account whether an ISA Transfer is part of the application.

Does anyone have an experience of KR's transfer process? Are they Cheque/Post or do they use the BACS system? As someone mentioned earlier there's no definitive and up to date list of scheme members and the most up to date I could find (https://support.nutmeg.com/?article=115000724371-ISA-providers-who-support-Electronic-Transfers) doesn't list KR.

Unfortunately, when the current fix matures, the funds get allocated a new account number ( ) so I can't initiate the transfer until after maturity when the funds will be languishing in a poorly-paying instant access ISA account. I'd like to minimise the time spent at a poor rate, but ensure that I don't open the KR ISA too early and limit the length of the term (which presumably starts when the account is opened, not when its funded).

Kent Reliance are included on both Cynergy and Shawbrook's lists of providers who use the BACs ISA transfer service - is your current provider listed too ?

I've not opened a Kent Reliance cash ISA myself so can't comment on their application process, but it's not unusual for many providers to have both electronic and paper options for ISA transfers, the latter of which is used if the sending provider doesn't use the service.

If you're concerned about timings, then requesting that the maturing fixed rate ISA gets transferred into the same provider's easy access option (if they offer one) might ensure you get a better rate than the default option in the event of any delays.

10_66

Re Virgin Easy Access Flexible ISA.  I withdrew from this account last year and now need to replace the withdrawn amounts before the end of this financial year.  All of the funds in it were from previous years subs.  There are no details on the account information of the amount I can replace (I know what it is, what's worrying me is, do they?).  Does anyone have experience of replacing withdrawn amounts into Virgin Flexible ISAs, please?

RG2015

10_66 said:

Re Virgin Easy Access Flexible ISA.  I withdrew from this account last year and now need to replace the withdrawn amounts before the end of this financial year.  All of the funds in it were from previous years subs.  There are no details on the account information of the amount I can replace (I know what it is, what's worrying me is, do they?).  Does anyone have experience of replacing withdrawn amounts into Virgin Flexible ISAs, please?

A very interesting question. Mine was down at zero but I put the money back up to the closing balance at the previous year end. There was no problem at all.

The following year I put money in and out on the same day. It appears that their system adds all up the credits on the day before deducting the debits. Hence it appeared that I had exceeded the previous year’s balance despite not ever doing this.

The credit was rejected almost immediately. I spoke to their customer services and they said I couldn’t add to the account because I had already opened an ISA with them that year.

I said he was wrong and he consulted all his colleagues and they all agreed with him.

In the end I waited a few days and put the money back in without any problems. I have subsequently continued to deposit and withdraw without any further issues.

Hence it was just the timing I got wrong on that single day. I am now careful to avoid this scenario.

I will find a link to my post on this and post it here.


https://forums.moneysavingexpert.com/discussion/6429395/flexible-cash-isa-rules/p1

RetSol

gwapenut said:

I must say I found Zopa a bit frustrating this time last year when I had a query about a delayed money transfer. Perhaps I don't want to entrust them with my ISA. Transfers are fine when they go to plan, but about half of mine don't, and it's then that you need some half decent customer service.

Glad that it's not just me.

Aidanmc

Emily_Joy said:

Coventry BS four access ISA is down to 4.55%.

When does this take effect from please?

pecunianonolet

Aidanmc said:

Emily_Joy said:

Coventry BS four access ISA is down to 4.55%.

When does this take effect from please?

It is only for the newly launched issue. No impact on existing and previous issues which for now stays at 5.05%

gwapenut

RetSol said:

gwapenut said:

I must say I found Zopa a bit frustrating this time last year when I had a query about a delayed money transfer. Perhaps I don't want to entrust them with my ISA. Transfers are fine when they go to plan, but about half of mine don't, and it's then that you need some half decent customer service.

Glad that it's not just me.

In the days of 1% interest rates, I made better money from tax-free compensation than from interest ...

RetSol

gwapenut said:

RetSol said:

gwapenut said:

I must say I found Zopa a bit frustrating this time last year when I had a query about a delayed money transfer. Perhaps I don't want to entrust them with my ISA. Transfers are fine when they go to plan, but about half of mine don't, and it's then that you need some half decent customer service.

Glad that it's not just me.

In the days of 1% interest rates, I made better money from tax-free compensation than from interest ...

Nice one! 

rallycurve

Shawbrook dropped their 1yr fixed ISA from 5.03% to 4.80%

(Probably their other ISAs went down too but I was monitoring this one as I was going to open it this week)