Cash ISAs: The Best Currently Available List

crumpet_man

slinger2 said:

Stargunner said:

You cannot transfer from a Trading 212 S&S ISA to their cash ISA. They don’t allow internal transfers, only external ones are allowed in or out.

Not true I think. Go to "Manage funds" then the "move funds" option. I managed to move £1k and I assume this counts as a "transfer".

Have you checked your remaining ISA allowance as shown in the Trading 212 app or website?

Some people on the Trading 212 community forum have reported that moving funds this way appears to have been treated as new funds and not an ISA transfer but as yet it is not clear which is correct.

slinger2

crumpet_man said:

slinger2 said:

Stargunner said:

You cannot transfer from a Trading 212 S&S ISA to their cash ISA. They don’t allow internal transfers, only external ones are allowed in or out.

Not true I think. Go to "Manage funds" then the "move funds" option. I managed to move £1k and I assume this counts as a "transfer".

Have you checked your remaining ISA allowance as shown in the Trading 212 app or website?

Some people on the Trading 212 community forum have reported that moving funds this way appears to have been treated as new funds and not an ISA transfer but as yet it is not clear which is correct.

According to the app the amount of the "Current tax-year ISA allowance" used is £5k , exactly what it was before I moved the money.

Maybe they're treating it is as a "portfolio ISA". Is that allowed for such a mixture of ISAs?

Stargunner

crumpet_man said:

slinger2 said:

Stargunner said:

You cannot transfer from a Trading 212 S&S ISA to their cash ISA. They don’t allow internal transfers, only external ones are allowed in or out.

Not true I think. Go to "Manage funds" then the "move funds" option. I managed to move £1k and I assume this counts as a "transfer".

Have you checked your remaining ISA allowance as shown in the Trading 212 app or website?

Some people on the Trading 212 community forum have reported that moving funds this way appears to have been treated as new funds and not an ISA transfer but as yet it is not clear which is correct.

I moved £5k from the S&S ISA to the cash ISA. Used allowance shows £5k on both the S&S ISA snd the cash ISA with £15k remaining allowance slowing on both i don't know if they are combining the 2 or treating them as seperate ISA’s

slinger2

Stargunner said:

crumpet_man said:

slinger2 said:

Stargunner said:

You cannot transfer from a Trading 212 S&S ISA to their cash ISA. They don’t allow internal transfers, only external ones are allowed in or out.

Not true I think. Go to "Manage funds" then the "move funds" option. I managed to move £1k and I assume this counts as a "transfer".

Have you checked your remaining ISA allowance as shown in the Trading 212 app or website?

Some people on the Trading 212 community forum have reported that moving funds this way appears to have been treated as new funds and not an ISA transfer but as yet it is not clear which is correct.

I moved £5k from the S&S ISA to the cash ISA. Used allowance shows £5k on both the S&S ISA snd the cash ISA with £15k remaining allowance slowing on both i don't know if they are combining the 2 or treating them as seperate ISA’s

I moved £1k out of the £5k in the S&S ISA to the Cash ISA, so I now have £4k in one and £1k in the other. Both now say £5k of the allowance used which only makes sense if they're adding the two.

jase.2

With interest rates being talked down I wondered what sort of length of time are people fixing isa’s at ?

I’ve got a Coventry 5% + instant access but not sure what sort of length of fix to move it to 

Beddie

jase.2 - it's a hard one to answer. If you definitely don't need access to the money (without penalty), then 5 years is probably going to be the best option as rates fall. Personally, that's too long for me, for the returns on offer. But who knows what will happen, how low base rates will go - none of us!

Angelica123

jase.2 said:

With interest rates being talked down I wondered what sort of length of time are people fixing isa’s at ?

I’ve got a Coventry 5% + instant access but not sure what sort of length of fix to move it to 

You could hedge your bets and open 1 year, 2 year and 5 year fixes given the new ISA rules. You could also consider fixes which allow you to contribute to that ISA throughout its term such as Shawbrook. 

jase.2

Angelica123 said:

jase.2 said:

With interest rates being talked down I wondered what sort of length of time are people fixing isa’s at ?

I’ve got a Coventry 5% + instant access but not sure what sort of length of fix to move it to 

You could hedge your bets and open 1 year, 2 year and 5 year fixes given the new ISA rules. You could also consider fixes which allow you to contribute to that ISA throughout its term such as Shawbrook. 

New rules being you can pay in to more than one cash isa up to the same £20k yeah?

I thought shawbrook only allowed that if the product was still available?

although I’d be signing up for less interest at the moment by fixing it I doubt the less will last long esp on one and two year fix as that Coventry 5% will be under 4.5% by the one of the year I’d expect 

surreysaver

jase.2 said:

Angelica123 said:

jase.2 said:

With interest rates being talked down I wondered what sort of length of time are people fixing isa’s at ?

I’ve got a Coventry 5% + instant access but not sure what sort of length of fix to move it to 

You could hedge your bets and open 1 year, 2 year and 5 year fixes given the new ISA rules. You could also consider fixes which allow you to contribute to that ISA throughout its term such as Shawbrook. 

New rules being you can pay in to more than one cash isa up to the same £20k yeah?

I thought shawbrook only allowed that if the product was still available?

although I’d be signing up for less interest at the moment by fixing it I doubt the less will last long esp on one and two year fix as that Coventry 5% will be under 4.5% by the one of the year I’d expect 

Doesn't have to be with the same provider. All providers allow it, unless their T&Cs specifically prohibit it

doodlector

10_66 said:

doodlector said:

Trading 212 Cash ISA is now open.
5.2%
Variable
Flexible
Interest paid daily

https://www.trading212.com/isa?cash-isa=

The other issue is that I'm trying to arrange a transfer in from YBS, and they'll only permit sort code and account number, and the last time I used those (to somewhere else), the transfer in failed until I used the roll number instead.  Not very promising start, as I can't get any sense out of CS.

For info.  I just completed a cash ISA transfer from Skipton to Trading 212.  Skipton has the same issue of a common account number/sort code then needing the roll number.  As you say, Trading 212 transfer form is not setup to handle this.

I just entered the roll number as the account number and then used the generic sort code.  Technically wrong but it was enough info for them to complete the transfer.  Probably more due to Skipton being sensible with the received info than anything Trading 212 did though!   

Oh, and the transfer completed in 48hrs.