Cash ISAs: The Best Currently Available List

Kim_13

Skipton Fixed Rate ISA

The options are there to fund by electronic payment, debit card or cheque but was looking to do an internal transfer from an EA (non-ISA) with them.

Anyone know if this is usually possible? The confirmation email hasn't been received yet so potentially 'in progress' due to the weekend..

Rich2808

Welcome to the tax year and the new simpler ISA rules. You can open and invest in as many cash isas and Stocks and shares ISAs as you like up to your £20,000 limit - and mix fixed and instant access ISAs - across multiple providers.

So much less stress therefore - and worrying you have invested wrongly or too early in the wrong product at a time when rates are moving up and down a lot during the tax year.

pokemaster

Kim_13 said:

Skipton Fixed Rate ISA

The options are there to fund by electronic payment, debit card or cheque but was looking to do an internal transfer from an EA (non-ISA) with them.

Anyone know if this is usually possible? The confirmation email hasn't been received yet so potentially 'in progress' due to the weekend..

I was trying to do an internal transfer from a non-isa account to an ISA but because of the weekend the error stats "Withdrawals only allowed on working days" which is a bit annoy as a bit like the Kent Reliance produces the first 2 days seem to be non-existant and unable to start building up the interest.

auser99

soulsaver said:

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.

Sounds a decent plan.
I'd earmarked this Kent ISA as the one, but had naively assumed they wouldn't drop the rate right off a few days later.
I also wanted it "clean" in not opening it before I funded it, just in case that caused any problems.

Long story short, will either have to look elsewhere, or suck up the 0.34% drop to stay with a provider I'm with for ease of use.
Unless Shawbrook decide they'll offer something decent when they reveal their ISAs on the 8th.

TheBanker

auser99 said:

soulsaver said:

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.

Sounds a decent plan.
I'd earmarked this Kent ISA as the one, but had naively assumed they wouldn't drop the rate right off a few days later.
I also wanted it "clean" in not opening it before I funded it, just in case that caused any problems.

Long story short, will either have to look elsewhere, or suck up the 0.34% drop to stay with a provider I'm with for ease of use.
Unless Shawbrook decide they'll offer something decent when they reveal their ISAs on the 8th.

I'd say that's unlikely, given they've cut their rates quite significantly in recent weeks. You never know, but I wouldn't hold my breath...

soulsaver

auser99 said:

soulsaver said:

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.

Sounds a decent plan.
I'd earmarked this Kent ISA as the one, but had naively assumed they wouldn't drop the rate right off a few days later.
I also wanted it "clean" in not opening it before I funded it, just in case that caused any problems.

Unless Shawbrook decide they'll offer something decent when they reveal their ISAs on the 8th.

Yes I had a similar thought but decided if it bounced we hadn't lost anything and would just be in the position we would have been in if the account disappeared. It was only £1k min to open so it wasn't like £20k being held in dispute.

As it is the 4.70 (7.83% equiv) with ongoing deposits I'm pretty sure is still by far the best plan B - other than maybe S&S Isa. 

SaveTheEuro

I opened a one year 5% fix with Aldermore this morning. Minutes later their website was updated with "Our 1 Year Fixed Rate Cash ISA is currently unavailable for new applications." 

Umiamz

SaveTheEuro said:

I opened a one year 5% fix with Aldermore this morning. Minutes later their website was updated with "Our 1 Year Fixed Rate Cash ISA is currently unavailable for new applications." 

Yes - it has now disappeared from their website. I managed to get one, too.

I noticed that the application hadn't been updated for the new ISA rules. It was necessary to lie and confirm that I hadn't opened another Cash ISA this tax year (even though you've always been able to do this provided that you only contributed to one).

SaveTheEuro

Umiamz said:

SaveTheEuro said:

I opened a one year 5% fix with Aldermore this morning. Minutes later their website was updated with "Our 1 Year Fixed Rate Cash ISA is currently unavailable for new applications." 

Yes - it has now disappeared from their website. I managed to get one, too.

I noticed that the application hadn't been updated for the new ISA rules. It was necessary to lie and confirm that I hadn't opened another Cash ISA this tax year (even though you've always been able to do this provided that you only contributed to one).

Yes, their statement of the rules was outdated, completely in contradiction of what the rules are now. I too ignored them.

TheWoodler

Yes, OH has not proceeded with an application with a different provider on the same basis. He’s going to ring them tomorrow. I’ll guess at the very least by not being responsive to these changes the financial sector has created an awful lot more work for themselves. Woeful.