Cash ISAs: The Best Currently Available List

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. 

changearound1

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.

15 days is the upper limit for how long an ISA transfer should take and is a throwback to the days when these things were done by post. Nowadays most providers, including Santander and Shawbrook, can do a transfer electronically so it shouldn't take anything like 15 days. A bit of admin is involved for both sender and receiver  so the transfer won't be instant but it'll probably be done by the end of the week.

I imagine the 1.2% is the interest rate now that your Santander ISA has matured.

pookey

Hi 
Is there another thread that discusses ISA that allow transfer in please? And possibly flexible too depending on the rate 😊

2010

pookey said:

Hi 
Is there another thread that discusses ISA that allow transfer in please? And possibly flexible too depending on the rate 😊

Each ISA has this info in their T&C. so no thread that I know of.

TheBanker

pookey said:

Hi 
Is there another thread that discusses ISA that allow transfer in please? And possibly flexible too depending on the rate 😊

The first few posts of this threads list the best paying ISAs including whether they allow transfers and/or are flexible. 

10_66

changearound1 said:

15 days is the upper limit for how long an ISA transfer should take and is a throwback to the days when these things were done by post. Nowadays most providers, including Santander and Shawbrook, can do a transfer electronically so it shouldn't take anything like 15 days. A bit of admin is involved for both sender and receiver  so the transfer won't be instant but it'll probably be done by the end of the week.

I imagine the 1.2% is the interest rate now that your Santander ISA has matured.

OH requested transfer in to Zopa a week ago, their estimated transfer in date is the 20th May, despite the fact that they only deal with transfers in from others that operate electronic transfers.  Zopa haven't even requested the transfer from the existing provider yet and are being a real pain in the proverbial.  Customer Service virtually non existent and when it is, it is appalling.

changearound1

10_66 said:

changearound1 said:

15 days is the upper limit for how long an ISA transfer should take and is a throwback to the days when these things were done by post. Nowadays most providers, including Santander and Shawbrook, can do a transfer electronically so it shouldn't take anything like 15 days. A bit of admin is involved for both sender and receiver  so the transfer won't be instant but it'll probably be done by the end of the week.

I imagine the 1.2% is the interest rate now that your Santander ISA has matured.

OH requested transfer in to Zopa a week ago, their estimated transfer in date is the 20th May, despite the fact that they only deal with transfers in from others that operate electronic transfers.  Zopa haven't even requested the transfer from the existing provider yet and are being a real pain in the proverbial.  Customer Service virtually non existent and when it is, it is appalling.

Is it a fixed rate ISA that hasn't matured? If it's easy access then that timescale is ridiculous.