Cash ISAs: The Best Currently Available List

2010

Looks like Paragon are dropping their 1 yr fixed ISA from tomorrow to 4.9% from 5.05%.

CrickJon

Thanks for that heads up. As a result I have just opened an account.

I've funded a S&S ISA and a fixed cash ISA (not fully) this tax year, so I have opened it for next year to secure the 5.05%. For those wondering, it said I have 28 days to fund in the window.

I'll see if anything new - and better - launches after 6 April, if not, looks like this could be an option for a lump sum early on.

Steve_xx

CrickJon said:

Thanks for that heads up. As a result I have just opened an account.

I've funded a S&S ISA and a fixed cash ISA (not fully) this tax year, so I have opened it for next year to secure the 5.05%. For those wondering, it said I have 28 days to fund in the window.

I'll see if anything new - and better - launches after 6 April, if not, looks like this could be an option for a lump sum early on.

Is it ok to open it now for next year, if you've already maxed out this year's allowance?

Bridlington1

Steve_xx said:

CrickJon said:

Thanks for that heads up. As a result I have just opened an account.

I've funded a S&S ISA and a fixed cash ISA (not fully) this tax year, so I have opened it for next year to secure the 5.05%. For those wondering, it said I have 28 days to fund in the window.

I'll see if anything new - and better - launches after 6 April, if not, looks like this could be an option for a lump sum early on.

Is it ok to open it now for next year, if you've already maxed out this year's allowance?

Yes. You can open as many ISAs as you like even if you've maxed out your ISA allowance so long as you don't fund them this tax year. I've opened a few cash ISAs speculatively, which I'll deposit £1 in to next week just in case they come in useful.

Stargunner

jimbow25 said:

Kazza242 said:

• 
  Variable Rate (Easy Access) Cash ISAs that accept transfers in:
  
  
• Plum Cash ISA - 5.17% **New Rate**
  Minimum deposit: £1.
  Operated via: Mobile app.
  Notes: This is NOT a flexible cash ISA.
  Important: Rate includes a 0.88% variable bonus for the first 12 months.
  

Thanks as always for this list.
It might be worth highlighting that the 0.88% bonus is only available for new ISA money and ISA transfers only receive the standard rate of 4.29% - this may make a significant difference to its attractiveness to anyone thinking of doing an ISA transfer.

Worth  mentioning that Zopa offer a Smart ISA that is flexible and easy access. AER including 0.5% bonus for a year is 5.08%, paid monthly.. It seems that it also applies for cash ISA transfers in as well.

Steve_xx

Bridlington1 said:

Steve_xx said:

CrickJon said:

Thanks for that heads up. As a result I have just opened an account.

I've funded a S&S ISA and a fixed cash ISA (not fully) this tax year, so I have opened it for next year to secure the 5.05%. For those wondering, it said I have 28 days to fund in the window.

I'll see if anything new - and better - launches after 6 April, if not, looks like this could be an option for a lump sum early on.

Is it ok to open it now for next year, if you've already maxed out this year's allowance?

Yes. You can open as many ISAs as you like even if you've maxed out your ISA allowance so long as you don't fund them this tax year. I've opened a few cash ISAs speculatively, which I'll deposit £1 in to next week just in case they come in useful.

Let me be clear. I thought one could only open and fund one cash ISA in any one tax year with new money, under current rules? Though I appreciate that come April 6th you can open as many cash ISAs as you wish.

ColdIron

Steve_xx said:

Bridlington1 said:

Steve_xx said:

CrickJon said:

Thanks for that heads up. As a result I have just opened an account.

I've funded a S&S ISA and a fixed cash ISA (not fully) this tax year, so I have opened it for next year to secure the 5.05%. For those wondering, it said I have 28 days to fund in the window.

I'll see if anything new - and better - launches after 6 April, if not, looks like this could be an option for a lump sum early on.

Is it ok to open it now for next year, if you've already maxed out this year's allowance?

Yes. You can open as many ISAs as you like even if you've maxed out your ISA allowance so long as you don't fund them this tax year. I've opened a few cash ISAs speculatively, which I'll deposit £1 in to next week just in case they come in useful.

Let me be clear. I thought one could only open and fund one cash ISA in any one tax year with new money, under current rules? Though I appreciate that come April 6th you can open as many cash ISAs as you wish.

You can open as many as you like now, for instance to transfer for a better rate

It's the funding 'with new money' bit that you can't do to more than one until 6th April

Bridlington1 will do the funding bit in the new financial year but it's fine to open more than one speculatively now

Steve_xx

ColdIron said:

Steve_xx said:

Bridlington1 said:

Steve_xx said:

CrickJon said:

Thanks for that heads up. As a result I have just opened an account.

I've funded a S&S ISA and a fixed cash ISA (not fully) this tax year, so I have opened it for next year to secure the 5.05%. For those wondering, it said I have 28 days to fund in the window.

I'll see if anything new - and better - launches after 6 April, if not, looks like this could be an option for a lump sum early on.

Is it ok to open it now for next year, if you've already maxed out this year's allowance?

Yes. You can open as many ISAs as you like even if you've maxed out your ISA allowance so long as you don't fund them this tax year. I've opened a few cash ISAs speculatively, which I'll deposit £1 in to next week just in case they come in useful.

Let me be clear. I thought one could only open and fund one cash ISA in any one tax year with new money, under current rules? Though I appreciate that come April 6th you can open as many cash ISAs as you wish.

You can open as many as you like, for instance to transfer for a better rate

It's the 'and fund one cash ISA in any one tax year with new money' that you can't do until 6th April

Yes I knew you could open several for the purposes of transferring previous years ISAs into. And I know you can open several if you propose to transfer the whole amount of the current year's allowance.
What I didn't grasp was that one could open an ISA this year, leave it unfunded, and then go on to fund it in the new tax year.

ColdIron

Sure, the restrictions only applied to funding and not opening

Rheumatoid

Just opened a couple of Close Bros 1yr fixes at 5.05% as we already have accounts there so it was easy. 10 day funding window in case anything better turns up on the 6th or shortly after.

The application process only got me to agree to not subscribe to two ISAs  in the same year which is fine as will not put anything in before the 6th.