Cash ISAs: The Best Currently Available List

2010

For an instant access ISA Marcus has 4.75%.
No waiting a day or two for a withdrawal, into your nominated within hours, sometimes minutes.

surreysaver

soulsaver said:

That YBS 6 access eIsa 2024 is Flexible, too. 
Last year's one worked well for me.

Last year's worked well for me. They'll have to try a bit harder this year, though.
I think I'll open one speculatively in case it becomes more competitive in a few months 

TheWoodler

I’d recommend reading Ts&Cs of any ISA product really carefully, as I’m surprised how much of the market hasn’t explicitly spelt out the new ISA rules and how they can work in practice. Some providers have been very good, some have ambiguous wiggle room, and some seem to have not altered their literature much or at all.

Upthread I alluded to my decision-making process on ISA choices, and this has been an additional factor this year that I hadn’t quite foreseen, as I’d anticipated the market would have been efficient enough to anticipate the need for the new rules to be spelt out in black and white for customers! 

There’ll be a flurry of revised Ts&Cs soon, I rather think, but I’m surprised the market didn’t get its collective act together given this must be a key deposit date for them . . . 

Rheumatoid

2010 said:

For an instant access ISA Marcus has 4.75%.
No waiting a day or two for a withdrawal, into your nominated within hours, sometimes minutes.

Not flexible tho

dingling68

Bridlington1 said:

Bridlington1 said:

Saffron BS are going to launch a regular saver cash ISA tomorrow paying 4.75% fixed (£10 min). Account can be opened in branch/post and allows unlimited penalty free withdrawals, which can be done by phone.

Now live:
https://www.saffronbs.co.uk/savings/cash-isas/regular-saver-isa

Further details:

• Account allows you to deposit up to £1650 per calendar month before allowing you to top up the balance to £20k regardless of how much you have already deposited in the account
• You can skip payments without penalty if desired
• Account term is 12 months from account opening
  
• ISA is not flexible
• Transfers in are not permitted
• Once opened account can be managed in branch, online, by phone and by post.
• Account will be available until 24/4/24

The additional information on this account says that the interest rate is fixed in one section and then states it is variable in the next section? Am I reading it wrong?

soulsaver

dingling68 said:

Bridlington1 said:

Bridlington1 said:

Saffron BS are going to launch a regular saver cash ISA tomorrow paying 4.75% fixed (£10 min). Account can be opened in branch/post and allows unlimited penalty free withdrawals, which can be done by phone.

Now live:
https://www.saffronbs.co.uk/savings/cash-isas/regular-saver-isa

Further details:

• Account allows you to deposit up to £1650 per calendar month before allowing you to top up the balance to £20k regardless of how much you have already deposited in the account
• You can skip payments without penalty if desired
• Account term is 12 months from account opening
  
• ISA is not flexible
• Transfers in are not permitted
• Once opened account can be managed in branch, online, by phone and by post.
• Account will be available until 24/4/24

The additional information on this account says that the interest rate is fixed in one section and then states it is variable in the next section? Am I reading it wrong?

4.75% fixed and allowing w/ds if a better rate came along would be unusual generous IMO... but not impossible?

If you wanted traditional fixed, but with flexibility to add throughout the term as funds allow, KRBS 4.70% could be a useful alternative to consider - although, per usual with a fix, no w/ds & IIRC £1k min within 7 days to open.
1 Year Fixed Rate Cash ISA | One year Cash ISA | Kent Reliance

2010

Rheumatoid said:

2010 said:

For an instant access ISA Marcus has 4.75%.
No waiting a day or two for a withdrawal, into your nominated within hours, sometimes minutes.

Not flexible tho

I use it as a feeder account for my current where I don`t keep much cash but it`s instantly available if I do and 4.75% tax free.
This year you can put cash into as many ISA as you like as long as it`s not over £20k total.

clowning

Slightly more generous than my offer @surreysaver and I have held accounts with YBS for a good few years

On 13-APR-2024 we'll automatically transfer your savings to our Easy Access Online ISA Reward, in line with the terms and conditions of your account. As a thank you for savings with us, the ISA - Easy Access Online ISA Reward offers a tiered rate of interest that is only available to existing Loyalty Six Access Saver e-ISA Issue 2 customers. 

This product will pay these flexible tiered rates of interest. This means you will earn different rates of interest on the proportion of your balance within each interest tier. The interest rate is correct on the date of this email, but as a variable interest rate product the interest rate is subject to change. 

Balance	Tax-free* p.a./AER**
£0 - £20000	4.7%
£20000.01 +	4.6%

As this Cash ISA is flexible, you can add to it, withdraw or close the account. If you withdraw savings from this Cash ISA, you can replace them in the same tax year and it will not count towards your annual ISA allowance (the tax year runs from 6 April to 5 April and your 2023/2024 ISA allowance is £20,000).

Bridlington1

dingling68 said:

Bridlington1 said:

Bridlington1 said:

Saffron BS are going to launch a regular saver cash ISA tomorrow paying 4.75% fixed (£10 min). Account can be opened in branch/post and allows unlimited penalty free withdrawals, which can be done by phone.

Now live:
https://www.saffronbs.co.uk/savings/cash-isas/regular-saver-isa

Further details:

• Account allows you to deposit up to £1650 per calendar month before allowing you to top up the balance to £20k regardless of how much you have already deposited in the account
• You can skip payments without penalty if desired
• Account term is 12 months from account opening
  
• ISA is not flexible
• Transfers in are not permitted
• Once opened account can be managed in branch, online, by phone and by post.
• Account will be available until 24/4/24

The additional information on this account says that the interest rate is fixed in one section and then states it is variable in the next section? Am I reading it wrong?

You are reading it correctly. When I spoke to them on the phone yesterday they said the interest rate is fixed, which would be in line with the Ts&Cs of the regular saver ISA they offered last year. If I get chance on Monday I'll phone them to clarify.

soulsaver

Kent Reliance

Bit niche but maybe useful for some:

After maxing her SIPP 23/24 end contribution, my OH hadn't the funds to immediately max her 24/25 ISA, too.

So earlier in the week* we grabbed the KRBS I yr Isa fix at 5.04% (40%er so equiv to 8.4% taxable) intending to fund it through 24/25. 

So she'll use the best RSs (obviously, above 5.04%) to use her £500 PSA limit, then drip feed the ISA as residual cash becomes available from her salary month by month.

*I'll let you know whether it works Monday 'cos the spanner in the plan was finding KRBS don't allow funding at the w.e....(6/04 is/was Saturday) so the min £1k opening internal transfer from their EA ac now will miss the 7 day window... fgs! If they bounce it, it'll prob be the 4.70% version.