Cash ISAs: The Best Currently Available List

rallycurve

It looks like Virgin Money have retired their market leader 1 year exclusive cash ISA at 5.25%
Maybe because we are near the tax year end or maybe they are planning on releasing a new version?
Current top 1 year is 5.07%

martinm1

I don't understand how plum are at nr1, as the aer is not really 5.17%, as the money takes 4 working days to reach the account and I presume start earning interest, and if you invest today it won't be earning until 4th April.  Is this right?

d63

rallycurve said:

It looks like Virgin Money have retired their market leader 1 year exclusive cash ISA at 5.25%
Maybe because we are near the tax year end or maybe they are planning on releasing a new version?
Current top 1 year is 5.07%

Uh-oh! Now what happens? I left them instructions for my old virgin fixed  isa 5 to be transferred to the fixed isa 10 when it matures in 2 days time on the 29th of march. This is not looking good.

flaneurs_lobster

d63 said:

rallycurve said:

It looks like Virgin Money have retired their market leader 1 year exclusive cash ISA at 5.25%
Maybe because we are near the tax year end or maybe they are planning on releasing a new version?
Current top 1 year is 5.07%

Uh-oh! Now what happens? I left them instructions for my old virgin fixed  isa 5 to be transferred to the fixed isa 10 when it matures in 2 days time on the 29th of march. This is not looking good.

If the new account was opened and the transfer request accepted before VM withdrew the 5.25% product then there should be no problems with the transfer or the new ISA. 

OTOH there does seem to be precedent for Virgin Money making a complete Horlicks of just about any kind of ISA transfer (although my recent move to them completed without a hitch).

d63

flaneurs_lobster said:

d63 said:

rallycurve said:

It looks like Virgin Money have retired their market leader 1 year exclusive cash ISA at 5.25%
Maybe because we are near the tax year end or maybe they are planning on releasing a new version?
Current top 1 year is 5.07%

Uh-oh! Now what happens? I left them instructions for my old virgin fixed  isa 5 to be transferred to the fixed isa 10 when it matures in 2 days time on the 29th of march. This is not looking good.

If the new account was opened and the transfer request accepted before VM withdrew the 5.25% product then there should be no problems with the transfer or the new ISA. 

OTOH there does seem to be precedent for Virgin Money making a complete Horlicks of just about any kind of ISA transfer (although my recent move to them completed without a hitch).

umm. that is not encouraging!!  
sadly all i have at the moment is their standard text message from 17th march saying: "Great news! We've got your maturity instructions, so nothing else for you to do.  Your account will switch to your chosen product within 5 business days of your maturity date - 29th March 2024 and you will be able to view this in the mobile app or internet banking."

rallycurve

d63 said:

flaneurs_lobster said:

d63 said:

rallycurve said:

It looks like Virgin Money have retired their market leader 1 year exclusive cash ISA at 5.25%
Maybe because we are near the tax year end or maybe they are planning on releasing a new version?
Current top 1 year is 5.07%

Uh-oh! Now what happens? I left them instructions for my old virgin fixed  isa 5 to be transferred to the fixed isa 10 when it matures in 2 days time on the 29th of march. This is not looking good.

If the new account was opened and the transfer request accepted before VM withdrew the 5.25% product then there should be no problems with the transfer or the new ISA. 

OTOH there does seem to be precedent for Virgin Money making a complete Horlicks of just about any kind of ISA transfer (although my recent move to them completed without a hitch).

umm. that is not encouraging!!  
sadly all i have at the moment is their standard text message from 17th march saying: "Great news! We've got your maturity instructions, so nothing else for you to do.  Your account will switch to your chosen product within 5 business days of your maturity date - 29th March 2024 and you will be able to view this in the mobile app or internet banking."

It looks like you provided maturity instructions as opposed to initiating an ISA transfer. Was the withdrawn exclusive account definitely one of the options they offered and not a different account? If so, I guess they'll have to honour it. They won't move your money to a fixed account with worse conditions than agreed. But let us know how it goes!

Descrabled

I was only offered the transfer from ISA 5 to ISA 11 and accepted with an email reply starting "Good news". 

I also opened a separate ISA 11 on 25 March as well as two other ISAs for funding in 24/25 tax year.

rallycurve

If you already opened a separate ISA 11 before they withdrew it, you could always transfer you maturing ISA to it if they somehow did not honour the deal. But I'm sure it'll go as you planned!

soulsaver

d63 said:

rallycurve said:

It looks like Virgin Money have retired their market leader 1 year exclusive cash ISA at 5.25%
Maybe because we are near the tax year end or maybe they are planning on releasing a new version?
Current top 1 year is 5.07%

Uh-oh! Now what happens? I left them instructions for my old virgin fixed  isa 5 to be transferred to the fixed isa 10 when it matures in 2 days time on the 29th of march. This is not looking good.

Iss11 replaced iss10 on 29 Feb, same terms AFAICS - so even if computer says 'no', you should be able to resolve.

slinger2

At the top of this thread (Cash ISAs: The Best Currently Available List) it says that the Zopa Smart ISA doesn't accept transfers in. That's not true any more I think. And it seems that, although you can't transfer directly into their Fixed Term ISAs, it's easy enough to transfer first into a Smart ISA and then move it across to a fixed rate ISA afterwards.