Cash ISAs: The Best Currently Available List

vixen1500

Kim_13 said:

vixen1500 said:

Thanks all, will sort out paying in this years £20,000 then, its sitting in Santander 5.2% account at the moment

Santander are reducing the rate shortly so the ISA will soon be a bigger win.

It doesn’t sound like you’re at risk of not doing so but do leave enough in Santander to keep the account open as it’s no longer accepting new applications and may be competitive again later.

 I Hadn't planed on leaving it open, but could do.  Do you know if it needs a minimum balance?

Kim_13

vixen1500 said:

Kim_13 said:

vixen1500 said:

Thanks all, will sort out paying in this years £20,000 then, its sitting in Santander 5.2% account at the moment

Santander are reducing the rate shortly so the ISA will soon be a bigger win.

It doesn’t sound like you’re at risk of not doing so but do leave enough in Santander to keep the account open as it’s no longer accepting new applications and may be competitive again later.

 I Hadn't planed on leaving it open, but could do.  Do you know if it needs a minimum balance?

I understood £1 to be the minimum and that is what I left in mine. I also had the earlier issue which they later extended the term on, emptying it when the 5.2% version came out. While they haven't closed that one yet for having a nil balance, they could of course do so.

2010

vixen1500 said:

2010 said:

vixen1500 said:

Thanks all, will sort out paying in this years £20,000 then, its sitting in Santander 5.2% account at the moment

Are you thinking of closing the Santander account?

Yes, I was as we have Ulster @ 5.2% and Leeds at 5.1%

Just to warn you. Santander likes you to close accounts via their chat bot, ask Sandi.
If you do, the only option is a cheque for the balance.
I emptied my account electronically apart from £1 and then requested closure.
Closure and balance happened within 8 working days by cheque.

Emily_Joy

subjecttocontract said:

There is a lot of optimism on this forum in regards to interest rates falling.......of course, they might not fall or fall anytime this year ( or next).

Well, at the moment it looks like next year interest on our mortgage will be higher then the interest on any saving accounts available. We will have to make a decision then, which could as well be just to empty saving pots and pay the mortgage off ... 

CuparLad

Other factors may influence what the Bank of England does. An interesting read here:

https://www.reuters.com/world/uk/boe-tries-sail-mid-ocean-policy-mike-dolan-2024-04-24/

CrickJon

subjecttocontract said:

CrickJon said:

subjecttocontract said:

Well I'm struggling to understand whats driving the optimism.
Next year we could have a Labour Government. Even the most optimistic can't think they will fix anything quickly
We could have a Middle East war.
Russia is winning in Ukraine and we need to increase defence spending.
The country has no money.
Yea......it's all going well and interest rates are bound to fall, not!

Could you perhaps stop with the Labour criticism? It’s fair enough they get a chance to clean up the current government’s mess. Let’s just leave it at that and keep the focus on savings.

Not really. The Political landscape has a direct bearing on interest rates even if you dont want to recognise it.

Start your own thread and moan about the government and interest rates in there then.

soulsaver

Bath BS 2 year 4.6% fixed... but another BS, apparently and usefully, according to the editorial, allowing additions through the term:

Building society launches new cash ISA paying 'excellent' 4.6% interest rate (msn.com)

Fixed Rate ISA | Personal Savings - Bath Building Society

Kim_13

soulsaver said:

Bath BS 2 year 4.6% fixed... but another BS, apparently and usefully, according to the editorial, allowing additions through the term:

Building society launches new cash ISA paying 'excellent' 4.6% interest rate (msn.com)

Fixed Rate ISA | Personal Savings - Bath Building Society

On my reading of the editorial it's this tax year only for the additions. I'm yet to find anything on the Bath BS website but probably wouldn't bother if that is the case, factoring in that it appears to be postal only as well.

soulsaver

Kim_13 said:

soulsaver said:

Bath BS 2 year 4.6% fixed... but another BS, apparently and usefully, according to the editorial, allowing additions through the term:

Building society launches new cash ISA paying 'excellent' 4.6% interest rate (msn.com)

Fixed Rate ISA | Personal Savings - Bath Building Society

On my reading of the editorial it's this tax year only for the additions. I'm yet to find anything on the Bath BS website but probably wouldn't bother if that is the case, factoring in that it appears to be postal only as well.

You must be reading a different editorial than I linked to, then...

Growingold

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.

Just an update.  Heard back from Shawbrook from my secure message.  They closed the FR ISA 2 yrs at 4.50% and transferred the balance with closing interest into the new issue at 4.61% (as it was within 14 days of opening).