Cash ISAs: The Best Currently Available List

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). 

Frogletina

Growingold 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.

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). 

Thank you. After your post I've messaged them as well.

TheBanker

2010 said:

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.

When I've closed Santander accounts, the bot has allowed me to transfer the balance to another Santander account, then I can make a Faster Payment from there. Obviously this only works if you have another Santander account, but even an old savings account will do the job. 

My tip is to transfer the balance yourself before you tell the bot to close the account. The bot seems to take a few days, but if you've already removed most of the funds you're just waiting for the interest.

CuparLad

Can you call and speak to a human being to close and avoid the need for a cheque?