Cash ISAs: The Best Currently Available List

2010

TheBanker said:

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.

That`s exactly what I posted I`d done.

2010

Rates although they have gone down since the peak now seem pretty stable.
Is an 18 month fix ISA @ 4.75% still worth doing.

CuparLad

I managed to grab the Skipton 18-month at 4.75% and have a month to fund it. I have the Coventry Limited Access at 5.05% which is holding some funds, and the balance of a maturing fix currently with Paragon at 4.95% (after transferring the rest to a Close Brothers fix at 5.05%). I'm still going to move both to the Skipton as it guarantees me 4.75% until Oct'25. Rates will go down this year and whilst it looks like I'm foregoing up to 0.3% now, I figure that between now and Oct'25, overall I will be better off. It's really about whether you value long-term certainty or short-term returns.

slinger2

CuparLad said:

I managed to grab the Skipton 18-month at 4.75% and have a month to fund it. I have the Coventry Limited Access at 5.05% which is holding some funds, and the balance of a maturing fix currently with Paragon at 4.95% (after transferring the rest to a Close Brothers fix at 5.05%). I'm still going to move both to the Skipton as it guarantees me 4.75% until Oct'25. Rates will go down this year and whilst it looks like I'm foregoing up to 0.3% now, I figure that between now and Oct'25, overall I will be better off. It's really about whether you value long-term certainty or short-term returns.

and how likely it is that you'll need access to the money in the next 18 months.

CuparLad

None at all, which is why I have fixed.

2010

slinger2 said:

CuparLad said:

I managed to grab the Skipton 18-month at 4.75% and have a month to fund it. I have the Coventry Limited Access at 5.05% which is holding some funds, and the balance of a maturing fix currently with Paragon at 4.95% (after transferring the rest to a Close Brothers fix at 5.05%). I'm still going to move both to the Skipton as it guarantees me 4.75% until Oct'25. Rates will go down this year and whilst it looks like I'm foregoing up to 0.3% now, I figure that between now and Oct'25, overall I will be better off. It's really about whether you value long-term certainty or short-term returns.

and how likely it is that you'll need access to the money in the next 18 months.

All fixed rate cash ISA have access to them but at a cost.
I`m moving to Skipton 18m 4.75% tomorrow.

slinger2

2010 said:

slinger2 said:

CuparLad said:

I managed to grab the Skipton 18-month at 4.75% and have a month to fund it. I have the Coventry Limited Access at 5.05% which is holding some funds, and the balance of a maturing fix currently with Paragon at 4.95% (after transferring the rest to a Close Brothers fix at 5.05%). I'm still going to move both to the Skipton as it guarantees me 4.75% until Oct'25. Rates will go down this year and whilst it looks like I'm foregoing up to 0.3% now, I figure that between now and Oct'25, overall I will be better off. It's really about whether you value long-term certainty or short-term returns.

and how likely it is that you'll need access to the money in the next 18 months.

All fixed rate cash ISA have access to them but at a cost.
I`m moving to Skipton 18m 4.75% tomorrow.

Indeed. And the cost is relatively modest when the alternative might be borrowing that money. Of course this is priced into the product, which is why the fixed rate ISAs generally have lower rates than the corresponding non-ISA.

2010

slinger2 said:

2010 said:

slinger2 said:

CuparLad said:

I managed to grab the Skipton 18-month at 4.75% and have a month to fund it. I have the Coventry Limited Access at 5.05% which is holding some funds, and the balance of a maturing fix currently with Paragon at 4.95% (after transferring the rest to a Close Brothers fix at 5.05%). I'm still going to move both to the Skipton as it guarantees me 4.75% until Oct'25. Rates will go down this year and whilst it looks like I'm foregoing up to 0.3% now, I figure that between now and Oct'25, overall I will be better off. It's really about whether you value long-term certainty or short-term returns.

and how likely it is that you'll need access to the money in the next 18 months.

All fixed rate cash ISA have access to them but at a cost.
I`m moving to Skipton 18m 4.75% tomorrow.

Indeed. And the cost is relatively modest when the alternative might be borrowing that money. Of course this is priced into the product, which is why the fixed rate ISAs generally have lower rates than the corresponding non-ISA.

Indeed. But you would need to get almost 6% non ISA to get 4.75,%. Which is not available. I think the best you can get is 5.17%. It doesn't take much to drag you into savings tax these days.😮

ortolickus

I set up a 1 year Shawbrook ISA (4.76%) last month to transfer in my balance from my 1 year Santander ISA (4.15%) maturing on 1.5.24.
Today i got a message from Shawbrook telling me that their request had been accepted by Santander and that the transfer should take place within the next 15 working days! My thoughts are: why on earth should it take this long, what rate of interest am I to be paid during this period and by whom? Is this normal?
It seems that the money is still in my Santander account but the rate has changed to1.2%.  It is also shown as 1.2% in their list of no longer available accounts, which is rather worrying as I'm not sure whether I have any confirmation from Santander of the original rate of 4.15%.
Can anyone shed any light on this for me please? Thanks.

TheBanker

ortolickus said:

I set up a 1 year Shawbrook ISA (4.76%) last month to transfer in my balance from my 1 year Santander ISA (4.15%) maturing on 1.5.24.
Today i got a message from Shawbrook telling me that their request had been accepted by Santander and that the transfer should take place within the next 15 working days! My thoughts are: why on earth should it take this long, what rate of interest am I to be paid during this period and by whom? Is this normal?
It seems that the money is still in my Santander account but the rate has changed to1.2%.  It is also shown as 1.2% in their list of no longer available accounts, which is rather worrying as I'm not sure whether I have any confirmation from Santander of the original rate of 4.15%.
Can anyone shed any light on this for me please? Thanks.

Your Santander ISA matures today. Presumably you didn't want them to action the transfer early (you would have been charged a penalty if so). 

15 days is the time allowed by the regulations for transfers of ISAs. That's why they quote that period. But it's likely it will happen in a day or two between Santander and Shawbrook.