Cash ISAs: The Best Currently Available List

kitkat68

When will Oaknorth and other institutions reopen their 12m fixes? 

I have an account with Oaknorth with my 23/24 ISA allowance already but I can't seem to find a way to open another for my 24/25 ISA allowance despite them being listed here.

I've logged in via the website rather than the app but its still the same...I want to transfer something from an other ISA and add £20k new money.....

bioboybill

I currently have just under £21K in a fixed Virgin ISA at 5.25% that doesn't mature until January 2025. I also have just over £17K in a Virgin EA ISA at 4.76% that I use to drip feed money into Regular Savers. I saw the Chip EA ISA at 5.1% that is flexible just like my Virgin EA ISA, so I was thinking of using that this year even though it doesn't allow transfers in.  However, I noticed it barely gets a mention on here. Is there a reason for that I may have missed (apart from no transfers in)?

MisterMotivated

pecunianonolet said:

MisterMotivated said:

I opened a new 5% fixed pot with Zopa on 5 April on the assumption that they would reduce the rate at some point (probably the following day).  I now have to decide how much of my funds to fix before the 30 day window closes as they're currently in the access pot at 5.08%

Just be aware, that once you fix you CANNOT transfer out the funds in the easy access pot. 

Yes, I neglected to mention I already have a little money in some of the earlier fixed rate pots from when the rates were higher, so adding more wouldn't affect me.

It does seem an unnecessarily restrictive policy on Zopa's part though, not allowing partial transfers out

subjecttocontract

Bridlington1 said:

Umiamz said:

Xenon said:

Umiamz said:

That site is out of date. Aldermore 5% 1yr fix is no longer available and the Zopa 1yr fix was reduced to 4.9% yesterday.

I have a regular savings account with Aldermore
The 1 yr fixed rate ISA 5% is listed and available (at least for now)
I just opened one (at least i hope i have !  )

It's available via your Aldermore account but no longer available for new customers. The website is just showing the 2yr fix now.

It seems the application link for new customers to apply for the 1Y fixed ISA is still live for the time being though:
https://secure.aldermoresavings.co.uk/applyonline/applicationform.aspx?productid=ANA02I

Re:  Aldermore.
Do you think it's worth me opening this 1 year fix today for a transfer of an existing ISA on 1st May ?
I'm not planning on adding any new money to it but I guess I could if necessary.

Shedman

kitkat68 said:

When will Oaknorth and other institutions reopen their 12m fixes? 

I have an account with Oaknorth with my 23/24 ISA allowance already but I can't seem to find a way to open another for my 24/25 ISA allowance despite them being listed here.

I've logged in via the website rather than the app but its still the same...I want to transfer something from an other ISA and add £20k new money.....

Oaknorth said ISAs would reopen tomorrow.  Clearly they've updated the website with the new rates today but not put any Apply link in yet (or on app). 5.03% AER for 1 yr fix is good but 4.18% for 2 year and 3.92% for 3 year are poor though. Was hopeful that their 2 year would be reasonable as easiest one to open for MiL using POA as she already has Oaknorth accounts

2010

The more I look at what`s happening to 1yr fixed ISA rates at the moment (downwards), Skipton`s 18 month ISA is looking like a good option.
Interest is paid on the anniversary and you continue to get 4.75% for a further six months on that.
Where will rates be in a years time? (unlikely to be 4.75%)

https://www.skipton.co.uk/savings/isas/18-month-fixed-rate-cash-isa

gravel_2

Beware on Skipton that it matures into a further 1 year fix so need to vigilant on alternative instructions before maturity.

gwapenut

I hate it when Skipton and Coventry mature ISAs into other fixes by default. It's reckless especially after a 5 year fix when circumstances may have changed. A new fix should never be the default option, in case the mail advising this goes missing in the post.

2010

Both posts above correct.

At the end of the fixed term, which is known as ‘maturity’, your account will automatically transfer into a new 1 year fixed rate Cash ISA, unless you tell us otherwise when we contact you before maturity. You can find out more about the maturity process in term 9 of the further terms and conditions.

I haven`t had time to read term 9 but I would imagine there`s a cooling off period so it can be moved without penalty.

Emily_Joy

2010 said:

I haven`t had time to read term 9 but I would imagine there`s a cooling off period so it can be moved without penalty.

I have been there. During 14 days cooling off period one can move the funds elsewhere without penalty.