Cash ISAs: The Best Currently Available List

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.

Bridlington1

Nottingham BS have now launched their Starter ISA Issue 12 at 5% fixed.

Account can be opened/managed in branch only
Allows deposits of up to £1.5k/mth before allowing you to top up your balance to £20k in March 2025
No withdrawals but you can transfer out subject to 90 days interest penalty.

2010

Shawbrook has come back with a 1yr fix @ 4.91% issue 91.

andyhicks88

What do you think is the likelihood that these top rate EA ISA's from places like Plum and Moneybox will keep their existing rates for existing customers and just drop the rates for new issues?

FB13

andyhicks88 said:

What do you think is the likelihood that these top rate EA ISA's from places like Plum and Moneybox will keep their existing rates for existing customers and just drop the rates for new issues?

In March Moneybox increased the bonus for new customers only and left their base rate untouched. I guess they could decrease the bonus in the future for only new customers.