Cash ISAs: The Best Currently Available List

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.

RetSol

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

Thank you very much for this, @Sussex_Green_Man.

I am an existing KRBS customer with fixed term products opened last tax year which I can continue to pay into this tax year (and next).

I have today asked Saffron Building Society whether they will permit partial transfers out of this year's ISA. They can do this now but they don't have to.  

I am waiting for the reply but it may be academic because it is likely to be better for me to continue to pay into KRBS this year.

As you say, look before you leap.

Perhaps we need a thread on this topic... 

soulsaver

Kim_13 said:

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. 

Thanks edited post to avoid confusing. 

Umiamz

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

How would they even know if you've opened another Cash ISA elsewhere? I'd just be ignoring it if it were me.

soulsaver

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

Have you got a link to where the specific terms for the KRBS ISA says this? Or point to it here:
426-one-year-fixed-rate-cash-isas-flyer.pdf (kentreliance.co.uk)