Cash ISAs: The Best Currently Available List

slinger2

pookey said:

2010 said:

pookey said:

2010 said:

pookey said:

Thank you all for your help. 


I'm trying to avoid going over my PSA so the flexibility of Chip is very appealing. 

Don`t asume you just get £1k PSA because it doesn`t work that way.
Other allowances have to be used first.

Hi which allowances please? 

£12,570, £5k and then the PSA of £1k.

I'm a tax payer so i just get the 1k PSA right? 

Assuming you're a basic rate taxpayer with income over £17,570 (excluding the interest payments). Those on the higher tax rates get less.

pookey

slinger2 said:

pookey said:

2010 said:

pookey said:

2010 said:

pookey said:

Thank you all for your help. 


I'm trying to avoid going over my PSA so the flexibility of Chip is very appealing. 

Don`t asume you just get £1k PSA because it doesn`t work that way.
Other allowances have to be used first.

Hi which allowances please? 

£12,570, £5k and then the PSA of £1k.

I'm a tax payer so i just get the 1k PSA right? 

Assuming you're a basic rate taxpayer with income over £17,570 (excluding the interest payments). Those on the higher tax rates get less.

Yes that's right, thank you

2010

pookey said:

2010 said:

pookey said:

2010 said:

pookey said:

Thank you all for your help. 


I'm trying to avoid going over my PSA so the flexibility of Chip is very appealing. 

Don`t asume you just get £1k PSA because it doesn`t work that way.
Other allowances have to be used first.

Hi which allowances please? 

£12,570, £5k and then the PSA of £1k.

I'm a tax payer so i just get the 1k PSA right? 

If you earn over £18,570 a year, then you pay tax on all non ISA savings interest.

pookey

Has anyone opened an isa with chip? Is it quite straight forward? 

"As a new user you will need to sign-up to Chip, complete an application for the Chip Cash ISA, make a first save and start accruing interest. If you do not complete all the steps you will not accrue interest."

What's a first save and start please? Is it the first deposit? 



https://www.getchip.uk/chip-cash-isa/brand?campaign=21283694809&adgroup=chip isa&creative=699168514214&gad_source=1&gclid=CjwKCAjwvIWzBhAlEiwAHHWgvagnQJI0bJg2qvnMSccE4nhPQ6d84V36JwMLs7AxYmVwEltgazPc7RoCY4IQAvD_BwE 

Bridlington1

pookey said:

Has anyone opened an isa with chip? Is it quite straight forward? 

"As a new user you will need to sign-up to Chip, complete an application for the Chip Cash ISA, make a first save and start accruing interest. If you do not complete all the steps you will not accrue interest."

What's a first save and start please? Is it the first deposit? 



https://www.getchip.uk/chip-cash-isa/brand?campaign=21283694809&adgroup=chip isa&creative=699168514214&gad_source=1&gclid=CjwKCAjwvIWzBhAlEiwAHHWgvagnQJI0bJg2qvnMSccE4nhPQ6d84V36JwMLs7AxYmVwEltgazPc7RoCY4IQAvD_BwE 

I've got the Chip ISA, by first save it just means make a deposit. I've found Chip to be very straightforward, deposits/withdrawals are instant.

It's also worth noting that if you open the account as a new customer via topcashback and deposit £5k in the account for 6 months you'll get an extra £20.

https://www.topcashback.co.uk/get-chip/

pookey

Bridlington1 said:

pookey said:

Has anyone opened an isa with chip? Is it quite straight forward? 

"As a new user you will need to sign-up to Chip, complete an application for the Chip Cash ISA, make a first save and start accruing interest. If you do not complete all the steps you will not accrue interest."

What's a first save and start please? Is it the first deposit? 



https://www.getchip.uk/chip-cash-isa/brand?campaign=21283694809&adgroup=chip isa&creative=699168514214&gad_source=1&gclid=CjwKCAjwvIWzBhAlEiwAHHWgvagnQJI0bJg2qvnMSccE4nhPQ6d84V36JwMLs7AxYmVwEltgazPc7RoCY4IQAvD_BwE 

I've got the Chip ISA, by first save it just means make a deposit. I've found Chip to be very straightforward, deposits/withdrawals are instant.

It's also worth noting that if you open the account as a new customer via topcashback and deposit £5k in the account for 6 months you'll get an extra £20.

https://www.topcashback.co.uk/get-chip/

Thank you, i didn't even to think to check TCB, i don't think i can do that but I'll have a look if Quidco has something similar with less deposit😊

pookey

pookey said:

Bridlington1 said:

pookey said:

Has anyone opened an isa with chip? Is it quite straight forward? 

"As a new user you will need to sign-up to Chip, complete an application for the Chip Cash ISA, make a first save and start accruing interest. If you do not complete all the steps you will not accrue interest."

What's a first save and start please? Is it the first deposit? 



https://www.getchip.uk/chip-cash-isa/brand?campaign=21283694809&adgroup=chip isa&creative=699168514214&gad_source=1&gclid=CjwKCAjwvIWzBhAlEiwAHHWgvagnQJI0bJg2qvnMSccE4nhPQ6d84V36JwMLs7AxYmVwEltgazPc7RoCY4IQAvD_BwE 

I've got the Chip ISA, by first save it just means make a deposit. I've found Chip to be very straightforward, deposits/withdrawals are instant.

It's also worth noting that if you open the account as a new customer via topcashback and deposit £5k in the account for 6 months you'll get an extra £20.

https://www.topcashback.co.uk/get-chip/

Thank you, i didn't even to think to check TCB, i don't think i can do that but I'll have a look if Quidco has something similar with less deposit😊

Well it's less money, Quidco only offer £16 for the same terms as TCB

2010

Paragon Bank1 Year Fixed Rate Cash ISA 4.83%

10_66

Relating to Chip Cash ISA; Does anyone know if you can operate two separate accounts on the same iPhone, please?  OH can't download the Chip app as phone doesn't have IOS16 (mine does)?  I've asked this on Chip's chat but not had a response yet.

Kim_13

2010 said:

pookey said:

2010 said:

pookey said:

Thank you all for your help. 


I'm trying to avoid going over my PSA so the flexibility of Chip is very appealing. 

Don`t asume you just get £1k PSA because it doesn`t work that way.
Other allowances have to be used first.

Hi which allowances please? 

£12,570, £5k and then the PSA of £1k.

Seems like a bit of a mess, but this is the way it is currently.

What happens if someone exceeds their Personal Allowance only because of interest counted against it? Are they taxed via PAYE and then it sorts itself out in the next payslip, or do they have to put in a reclaim?

Neither are ideal as someone in that scenario is obviously on a low income and with the system as it is, apparently expected to have the cash flow to wait for HMRC to apply the next allowance.

Potentially makes a flexible ISA very appealing to some to avoid the hassle, even with a slightly lower rate.