Cash ISAs: The Best Currently Available List

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?

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.