Cash ISAs: The Best Currently Available List

soulsaver

soulsaver 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.

Unfortunately KRBS has 'disappeared' the 5.04% accounts that we opened only to find that they wouldn't allow funding at the w.e. to comply with the 7 day rule. So stymied atm.

I'll message them tomorrow and test their resolve to deny the accounts '...because KRBS stopped us complying by denying funding at the w.e. '

Failing that, planB - I've opened the KRBS 4.70% topper upper fix. 

Well good news - KRBS 5.04% 1 year fix reappeared in OHs ac this morning and was subsequently funded. 
If no backtracking, jobsagoodun...  

soulsaver

Bridlington1 said:

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.

Regular Saver ISA | Saffron Building Society (saffronbs.co.uk) Saffron joins in.. 4.75% fixed but allows withdrawals.. £10 min.

£1650 pm & top up to £20k in mth 12. Not flexible. Branch or post. There's a few caveats, so do-your-due..

buzzman888

steveksullivan said:

buzzman888 said:

OakNorth have pulled all ISA’s
Aldermore ISA has been closed
Paragon is for existing customers
Shawbrook has terrible reviews. 

I’m holding out at the moment to see what comes available over the next week. 

I agree with @pecunianonolet .Never had anything other than good service from Shawbrook and have had several products with them over the years. As I'm just about to open a new one with them, could you point me to any of these terrible reviews please?

I was about to see what they were offering on their website & noticed poor reviews on google reviews.  

Bridlington1

Melton BS has launched a Regular Saver ISA at 5% variable.
Branch/post only
Account can be opened with £1
£1650 max monthly deposit, except in final month in which you can top up the account to £20k
Closure/transfers out subject to 90 days interest penalty

Growingold

Skipton 30mth FR ISA 4.5% NLA 

Ted_01

OakNorth ISA's are back.

God its annoying, I've just opened and started funding a Shawbrook 2 year ISA (4.5%) and now the OakNorth has reappeared, 24month ISA @ 4.67%.  

d63

Ted_01 said:

OakNorth ISA's are back.

God it’s annoying, I've just opened and started funding a Shawbrook 2 year ISA (4.5%) and now the OakNorth has reappeared, 24month ISA @ 4.67%.  

Well on the plus side you could perhaps open the oaknorth as well now under the new rules. 

Do shawbrook give you 14 days grace, or whatever, to change your mind?

Sussex_Green_Man

I opened a YBS Loyalty ISA yesterday (Sunday).  I then opened a KRBS Easy Access Cash ISA-Issue 48 but before transferring funds into it, I re-read the T&Cs.  There is a clause under the declarations which states

" I have not subscribed, and will not subscribe, to another cash ISA in the same tax year that
I subscribe to this cash ISA;"

Given the law has changed I assumed that this was just a lazy cut and paste job but I phoned and talked to the KRBS helpline today to check.  After speaking with a couple of people,I was told that it is NOT a mistake.  The apparently knowledgeable person that I eventually spoke with explained that although the law has changed to allow multiple Cash ISA subscriptions in a single tax year, KRBS (and a number of other banks & building societies) have not signed up for this with the Revenue and can not, therefore, remove the clause.  Apparently it requires them to make significant changes to their 'systems' which they are not intending to do at this stage.

Given that I had already breached the conditions and will want to open other Cash ISAs, the person I was speaking with agreed to lapse my application.

If opening a new Cash ISA, I would advise checking the T&C to ensure you are not agreeing to limit your newly acquired ISA benefits

Kim_13

soulsaver said:

Bridlington1 said:

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.

Regular Saver ISA | Saffron Building Society (saffronbs.co.uk) Saffron joins in.. 4.75% fixed but allows withdrawals.. £10 min.

£1500 pm & top up to £20k in mth 12. Not flexible. Branch or post. There's a few caveats, so do-your-due..

£1,650 per month, a change from last year when it was £1,850 in month 1 and £1,650 in months 2-12 with no ability to top up to the total allowance. Application went in the post today.

I secure messaged them last year to query whether up to £1,650 could be paid in between 1 April and 5 April, if the total allowance had not been used, as they work on calendar months. They said no. I’m guessing this is unchanged (as April is technically month 13) so I’ll probably early close an RS at the end of March to add it to the ISA.

A passbook was issued with last year’s account and there was no option online to withdraw, so while withdrawals are unlimited it looks like if’s a post off your passbook affair. I didn’t have to send it in when I transferred it to a fix with NatWest, though.

Probably won’t be funding it much until August when a string of RS’s begin to mature. 

Kim_13

Sussex_Green_Man said:

I opened a YBS Loyalty ISA yesterday (Sunday).  I then opened a KRBS Easy Access Cash ISA-Issue 48 but before transferring funds into it, I re-read the T&Cs.  There is a clause under the declarations which states

" I have not subscribed, and will not subscribe, to another cash ISA in the same tax year that
I subscribe to this cash ISA;"

Given the law has changed I assumed that this was just a lazy cut and paste job but I phoned and talked to the KRBS helpline today to check.  After speaking with a couple of people,I was told that it is NOT a mistake.  The apparently knowledgeable person that I eventually spoke with explained that although the law has changed to allow multiple Cash ISA subscriptions in a single tax year, KRBS (and a number of other banks & building societies) have not signed up for this with the Revenue and can not, therefore, remove the clause.  Apparently it requires them to make significant changes to their 'systems' which they are not intending to do at this stage.

Given that I had already breached the conditions and will want to open other Cash ISAs, the person I was speaking with agreed to lapse my application.

If opening a new Cash ISA, I would advise checking the T&C to ensure you are not agreeing to limit your newly acquired ISA benefits

And triple check if opening a fix. If you opened an EA under such a clause, you could just transfer it to a provider who have made the change to regain the new ISA freedoms.