Cash ISAs: The Best Currently Available List

Growingold

nomorekids said:

Rate increase for Shawbrook 2 year fixed issue 81, 4.61%   

Opened last week at 4.5% . Have sent them a secure message asking if I can close as within 14 days of opening and open this new FR ISA at 4.61%. As yet no reply.

2010

Growingold said:

nomorekids said:

Rate increase for Shawbrook 2 year fixed issue 81, 4.61%   

Opened last week at 4.5% . Have sent them a secure message asking if I can close as within 14 days of opening and open this new FR ISA at 4.61%. As yet no reply.

Always slow on the secure message answering but they do back date and they do upgarde within a time scale.
They are a bit of a nightmare when you want to transfer an ISA out.
They are in the electronic transfer system but seem to be in no rush to do it.

subjecttocontract

2010 said:

Growingold said:

nomorekids said:

Rate increase for Shawbrook 2 year fixed issue 81, 4.61%   

Opened last week at 4.5% . Have sent them a secure message asking if I can close as within 14 days of opening and open this new FR ISA at 4.61%. As yet no reply.

Always slow on the secure message answering but they do back date and they do upgarde within a time scale.
They are a bit of a nightmare when you want to transfer an ISA out.
They are in the electronic transfer system but seem to be in no rush to do it.

.......and neither would I be in any rush to do it if I were the transferring bank. There is no in incentive. Even the timing guidelines are not mandatory so, I'd take all of 15 business days and more and take all the criticism because it wouldn't make much difference. Of course, they are never gonna say any of that publicly, but behind closed doors......who knows ?

2010

subjecttocontract said:

2010 said:

Growingold said:

nomorekids said:

Rate increase for Shawbrook 2 year fixed issue 81, 4.61%   

Opened last week at 4.5% . Have sent them a secure message asking if I can close as within 14 days of opening and open this new FR ISA at 4.61%. As yet no reply.

Always slow on the secure message answering but they do back date and they do upgarde within a time scale.
They are a bit of a nightmare when you want to transfer an ISA out.
They are in the electronic transfer system but seem to be in no rush to do it.

.......and neither would I be in any rush to do it if I were the transferring bank. There is no in incentive. Even the timing guidelines are not mandatory so, I'd take all of 15 business days and more and take all the criticism because it wouldn't make much difference. Of course, they are never gonna say any of that publicly, but behind closed doors......who knows ?

It`s OK taking that long but make sure you have it in an account paying a decent rate of interest in the interim.
But beware, if you fail to give Shawbrook an ISA maturity instruction, they stick it in a "matured ISA account" paying a derisory 0.10%. 

pecunianonolet

Between rock and hard place here. Shawbrook fix maturing tomorrow, they confirmed yesterday to me they have received transfer instructions to Virgin. So I have now the option to just leave it and it turns into a 0.1% account and is hopefully transferred out by Friday to Virgin or latest by Monday.

Alternatively, I can give them instructions up until end of day tomorrow (maturity day) and will get new account details by Friday. They would in that instance cancel the transfer and I would need to submit again with Virgin. 

Not sure if I want to interfere now, which could potentially mess up things further or just take the risk of missing out on a few £. 

So far been very impressed with Shawbrook service, it's an electronic transfer too. Did get asked why I transfer out and what the rate is I have on offer, which is 5.25% with Virgin.

Any suggestions?

2010

pecunianonolet said:

Between rock and hard place here. Shawbrook fix maturing tomorrow, they confirmed yesterday to me they have received transfer instructions to Virgin. So I have now the option to just leave it and it turns into a 0.1% account and is hopefully transferred out by Friday to Virgin or latest by Monday.

Alternatively, I can give them instructions up until end of day tomorrow (maturity day) and will get new account details by Friday. They would in that instance cancel the transfer and I would need to submit again with Virgin. 

Not sure if I want to interfere now, which could potentially mess up things further or just take the risk of missing out on a few £. 

So far been very impressed with Shawbrook service, it's an electronic transfer too. Did get asked why I transfer out and what the rate is I have on offer, which is 5.25% with Virgin.

Any suggestions?

It all depends how much interest you are willing to lose a day whilst they dilly dally about.

Speaking from recent experience (within the last two weeks) I would tell them right now to transfer it to their 4.5% EA ISA and then request Virgin to transfer from there.
This would cancel your current transfer request with Virgin but at least you would be getting a decent amount of interest whilst they dither about with the current transfer.
Shawbrook are not in any hurry to do ISA transfers IMO, despite being signed up to the electronic transfer system.

2010

pecunianonolet said:

 So I have now the option to just leave it and it turns into a 0.1% account and is hopefully transferred out by Friday to Virgin or latest by Monday.

Just to add, I mistakenly/foolishly thought this would happen too.

soulsaver

@pecunianonolet     Procrastination is the thief of time... - there are no rocks or hard places - just a decision.

vixen1500

Can anyone help me out,  there was a comparison table somewhere that gave a comparison between ISA rates and what interest rate you would need in an ordinary savings account to make keeping the money in an ordinary account and pay tax on it. 
Can't seem to find it anywhere, looking at an ISA paying 4.78%, what rate would you need to beat it in an easy saver account?  

(Sorry if this is the wrong thread to post this question in)

Kim_13

vixen1500 said:

Can anyone help me out,  there was a comparison table somewhere that gave a comparison between ISA rates and what interest rate you would need in an ordinary savings account to make keeping the money in an ordinary account and pay tax on it. 
Can't seem to find it anywhere, looking at an ISA paying 4.78%, what rate would you need to beat it in an easy saver account?  

(Sorry if this is the wrong thread to post this question in)

Not a calculator but https://www.moneysavingexpert.com/savings/personal-savings-allowance/#cashisa

• Basic-rate taxpayers over the PSA limit. For every £100 interest you earn in normal savings you only get £80, whereas in an ISA you get all the £100. Therefore the normal savings rate would have to be 25% higher for it to beat a cash ISA.
  
  
• Higher-rate taxpayers over the PSA limit. For every £100 interest you earn in normal savings you only get £60, whereas in an ISA you get all the £100. Therefore the normal savings rate would have to be 66% higher for it to beat a cash ISA.
  
  
• Top-rate taxpayers. For every £100 interest you earn in normal savings you only get £55, whereas in an ISA you get all the £100. Therefore the normal savings rate would have to be 82% higher for it to beat a cash ISA.