Cash ISAs: The Best Currently Available List

Special_Saver2

I was going to mention the new table topping 6.35% (variable) Birmingham Midshires ISA but it looks like Kazza has already spotted it and it added it to the first post! (No bonuses involved but no transfers in. There is a related product paying 6.0% for transfers in. I am guessing that within a year the current 6.35% product will have dropped to the same rate!)

At least this post will nudge this thread up to the top of the board.

owitemisermusa

Hi,


First Direct have 2 ISAs:

- Cash e-ISA 5.89% AER Fixed till March 2009 - allows transfers in.

- Regular Saver ISA 7% AER fixed for 12 months. (25 - 300 pcm allowed, no transfers in till after 1st 12 months)



HSBC: Cash e-ISA 6.00% AER variable

Shouldn't these be in Kazzas list? Not sure if I've missed any important T&Cs.

Ta,

OWM

born_again_saver

You have to have First Direct's current account - the 1st Account - to open and add to their Regular Saver ISA. No partial withdrawals are allowed, if you close the account you only receive the cash e-ISA rate for the duration. Good rate though.

Their Cash e-ISA doesn't have these conditions attached.

macca64

Does anyone know if the Dumfermline BS Regular saver at 6.85% has been launched? I've seen a couple of articles on it, but it's not on the Dumfermline website as yet.

DaiBatt

pksaraf wrote: »

i called abbey today to transfer my funds from issue 1 to issue 2 - they registered the request and said it will be done in 30 days - no need to fill / sign a form. Is this correct? I read before that abbey sends out a transfer form which we then sign and send back before they can deal with the request. I did challenge this over the phone but was told not need for it.

Mrs DaiBatt and I both started out with the Abbey Postal ISA when it was then a best buy. Last year we transferred the balances to the Direct ISA Issue 1 which was paying a higher rate. For our tier of investment this has now dropped to 5.75% but Issue 2 is offering a rate of 6.25%.

We both called them today and had the same, simple experience over the 'phone. A neat transfer to the new Issue and confirmation to be sent in the next 7-10 working days with no paperwork to fill in.

Assuming it all happens as confidently promised by Abbey, it gets the thumbs up from me!

Kazza242

macca64 wrote: »

Does anyone know if the Dumfermline BS Regular saver at 6.85% has been launched? I've seen a couple of articles on it, but it's not on the Dumfermline website as yet.

Yes, it was launched today. It is now on the Dunfermline BS website, here.

helsmadhouse

We thought about investing in this cash ISA as the rate looked good and we didn't mind tying up some money in the growth fund. HOWEVER when my DH enquired about the growth fund he found out that it is not tax free. We decided that it wasn't such good value after all. I am also going to complain to the advertising authority because I think their advert is misleading people because this isn't made crystal clear to people.

obsessed_saver

The First Direct 7% Regular ISA is tied to their 1st Account - which has a £10 charge (yearly/monthly?) unless you pay in £1500 a month or have another product (not the Regular ISA).

Their 1st Account pays no interest.

obsessed_saver

helsmadhouse wrote: »

We thought about investing in this cash ISA as the rate looked good and we didn't mind tying up some money in the growth fund. HOWEVER when my DH enquired about the growth fund he found out that it is not tax free. We decided that it wasn't such good value after all. I am also going to complain to the advertising authority because I think their advert is misleading people because this isn't made crystal clear to people.

Your first £9000+ is tax free from capital gains. So unless you're dumping in a large investment or you have investments elsewhere, it wouldn't hit the capital gains limit.

gavinthegreat

Hiya,

I currently have £6600 in a Halifax Direct ISA and am seriously considering moving to Nationwide's 1 Year Fixed 6.15% ISA as this is a good rate and feels safer than the variable rate products which may drop.

However, I hear you have to apply in branch which is a bit of a pain and then send an application form and transfer form to their ISA office. Question is, what happens if the rate drops in between me filling in the form and sending it away - do I get stuck with a 1 year fix with a potentially poor rate or would they honour the 6.15%?

Also, given that I have no accounts with Nationwide, will I be required to take ID with me before they will actually give me the forms, or can that all be dealt with after sending the application away.

Thanks for reading this, and for any help