Cash ISAs: The Best Currently Available List

MartinT_2

And 2 hours latter confirmation from Chip and the money is visible in the ISA via the app.

Quite impressed how easy this was

duckson

How is Chip or Trading212 for withdrawals? 

My current Skipton ISA only allows withdrawals during working days and times, any requests outside then has to wait!

crumpet_man

duckson said:

How is Chip or Trading212 for withdrawals? 

My current Skipton ISA only allows withdrawals during working days and times, any requests outside then has to wait!

I have found chip is within a few minutes and trading212 can take a couple of days.

Bridlington1

There seems to be some discrepancy over what Moneybox's LISA rate is on their website. I'm seeing this on their website at the top of the page:

It then goes on to say:



Also as an aside Tembo are currently offering a cashback offer on ISA transfers of £5k+ into their cash LISA, currently at 4.3% (various amounts):


EDIT: I've just noticed @WillPS posted about the Tembo offer in another thread 2 days ago. Apologies for the repetition of info there.

Bridlington1

@Kazza242
Regarding the interest rate on the Moneybox cash LISA, I queried the discrepancy with them via email and have received this response:

Good afternoon Bridlington1,

Thanks for getting in touch and I hope you're well.

This has been raised with our marketing team to be updated to reflect the correct interest rate, I do apologise for any inconvenience caused, and thank you for pointing out the discrepancy.

The Moneybox Cash Lifetime ISA has an interest rate of 5.00%, made up of a 4.00% AER variable interest rate and a 1.00% introductory bonus interest rate for the first year, which is paid out after your account has been open for 12 months. This is the correct rate as of today, 26th June 2024.

Hope this helped, please let me know if you have any questions, or if there's absolutely anything else I can help with.

Otherwise, take care and have a lovely evening.

And thank you once again for bringing this to our attention!

Kind regards,

Their website has now been updated to reflect this.

10_66

Bridlington1 said:

EDIT: I've just noticed @WillPS posted about the Tembo offer in another thread 2 days ago. Apologies for the repetition of info there.

Though I'm not eligible for this product, it's still useful if you post here even if a matter has been mentioned in a thread elsewhere, as time usually only permits me to check out the "Best Currently Available" threads.  So I'm grateful for you posting anything 

oz0707

Anyone using the trading212 account? Sorry i've not kept up to date on the thread have scrolled back a few pages. Do they have full FSCS protection? Any reviews? Not too bothered about instant access I see mentioned. Anything ISA for me in generally not emergency fund

10_66

oz0707 said:

Anyone using the trading212 account? Sorry i've not kept up to date on the thread have scrolled back a few pages. Do they have full FSCS protection? Any reviews? Not too bothered about instant access I see mentioned. Anything ISA for me in generally not emergency fund

I intended to transfer into it their Cash ISA but this option was withdrawn shortly after it became available.  I've given up with them now because I don't think that option's going to be available any time soon (just my own guess).  FSCS on Cash ISA, but they deposit your money into 3 (possibly) banks, so you'd need to take that into account if you have savings with these banks.  They won't tell you what the breakdown is between the various banks, I've been trying to get this information from them for weeks and the best they can come up with is that you don't have to worry as they select banks that are stable, which may be true, but I don't think that's a satisfactory answer for any institution to give.

BigBlueSky

10_66 said:

FSCS on Cash ISA, but they deposit your money into 3 (possibly) banks, so you'd need to take that into account if you have savings with these banks.  They won't tell you what the breakdown is between the various banks, I've been trying to get this information from them for weeks and the best they can come up with is that you don't have to worry as they select banks that are stable, which may be true, but I don't think that's a satisfactory answer for any institution to give.

It shows the breakdown within the app itself - How your funds have been split for the purposes of FSCS protection.

Here is a screenshot of mine:



Hope this helps.

10_66

BigBlueSky said:

10_66 said:

FSCS on Cash ISA, but they deposit your money into 3 (possibly) banks, so you'd need to take that into account if you have savings with these banks.  They won't tell you what the breakdown is between the various banks, I've been trying to get this information from them for weeks and the best they can come up with is that you don't have to worry as they select banks that are stable, which may be true, but I don't think that's a satisfactory answer for any institution to give.

It shows the breakdown within the app itself - How your funds have been split for the purposes of FSCS protection.

Here is a screenshot of mine:



Hope this helps.

Thank you very much BigBlueSky, that is useful.  However, this information is only available after you've deposited money with them, it'd be useful to know this beforehand.  I can only imagine those percentage breakdowns differ from person to person otherwise they'd be happy to provide this information on their "protections" page.