Cash ISAs: The Best Currently Available List

drphila

rallycurve said:

Shawbrook 1 year fixed cash ISA reduced today to 4.68% (from 4.96%)

All other Shawbrook fixed term isas now reduced as well.

gele

drphila said:

rallycurve said:

Shawbrook 1 year fixed cash ISA reduced today to 4.68% (from 4.96%)

All other Shawbrook fixed term isas now reduced as well.

Wow!! I just checked the new rates. 2 year 3.78% ,  3 year  3.69%.  That's a big drop.
We've got too comfortable seeing 5% everywhere recently its a bit of a shock.

westv

I've noticed that Virgin currently has a 1 year fixed rate ISA of 4.61% which is bit better than a couple of ISAs I already have with them. I know I can transfer these over but I'm unsure of the charges I'd incur for closing the current ISAs early. I remember seeing the info when I opened them but I've looked at my accounts online and there is no info that I can see. Am I looking in the wrong place?

Edit: I think it might be 60 days loss of interest and a further calc seems to show it may not be worth it.

refluxer

westv said:

I've noticed that Virgin currently has a 1 year fixed rate ISA of 4.61% which is bit better than a couple of ISAs I already have with them. I know I can transfer these over but I'm unsure of the charges I'd incur for closing the current ISAs early. I remember seeing the info when I opened them but I've looked at my accounts online and there is no info that I can see. Am I looking in the wrong place?

Edit: I think it might be 60 days loss of interest and a further calc seems to show it may not be worth it.

Yes, Virgin usually have a 60-day loss of interest for withdrawing or transferring away from their 1 year fixed rate cash ISAs before maturity. This is actually pretty low, as most charge a 90-day penalty and some (eg. Cynergy) are as high as 180 days. 

If you were looking at transferring out, it would make sense to look at one of the higher-paying 1 year rates with another provider (currently around 4.85 to 4.91%) rather than Virgin's 4.61%.

Did you find the MSE calculator ? That'll tell you whether a change is worth it but if you're approaching the maturity dates of these existing ISAs and 4.61% is only slightly higher, than it's unlikely to be worth switching as the benefit of the higher rate may not compensate for the penalty (as you've presumably discovered).

flaneurs_lobster

refluxer said:

If you were looking at transferring out, it would make sense to look at one of the higher-paying 1 year rates with another provider (currently around 4.85 to 4.91%) rather than Virgin's 4.61%.

Virgin have a 1 yr fixed ISA at 5.05% but it requires you to have a current account with them.

lohr500

flaneurs_lobster said:

refluxer said:

If you were looking at transferring out, it would make sense to look at one of the higher-paying 1 year rates with another provider (currently around 4.85 to 4.91%) rather than Virgin's 4.61%.

Virgin have a 1 yr fixed ISA at 5.05% but it requires you to have a current account with them.

I jumped on their 5.05% 1 year fix a couple of days ago, with an instruction to transfer an existing Virgin 1 year fix when it matures on the 24th August.

The existing 1 year fix was opened last year without the need to have a Virgin current account.

But opening a current account with them on Tuesday was straightforward and there are no monthly fees associated with it. Might be handy for future offers as well which require a Virgin current account to access their "exclusive" saving rates. 

RG2015

lohr500 said:

flaneurs_lobster said:

refluxer said:

If you were looking at transferring out, it would make sense to look at one of the higher-paying 1 year rates with another provider (currently around 4.85 to 4.91%) rather than Virgin's 4.61%.

Virgin have a 1 yr fixed ISA at 5.05% but it requires you to have a current account with them.

I jumped on their 5.05% 1 year fix a couple of days ago, with an instruction to transfer an existing Virgin 1 year fix when it matures on the 24th August.

The existing 1 year fix was opened last year without the need to have a Virgin current account.

But opening a current account with them on Tuesday was straightforward and there are no monthly fees associated with it. Might be handy for future offers as well which require a Virgin current account to access their "exclusive" saving rates. 

If its of any interest to you Virgin money are currently offering a Regular Saver Exclusive with a rate of 10.38% aer.

https://uk.virginmoney.com/savings/products/regular_saver_exclusive_issue_1/

benny5

Trying to find an ISA home for this year’s allowance, but have I missed all the decent fixed options?

With the more established intuitions, all the 2/3/4-year options appear to have evaporated.

Can’t see anything on Virgin, Nationwide or Coventry. Are they just taking a breather before further reductions. 

After all the BOE has only reduced the rate by .25% , so far.

Newly_retired

Coventry have said they are going to reduce rates but not announced details yet.

benny5

Newly_retired said:

Coventry have said they are going to reduce rates but not announced details yet.

The best I’m coming up with at the moment is; Virgin,1 Year 4.61%; Coventry, 2 Year 4.2%; and Coventry, 3 Year 4.05%. Don’t fancy Close.

Looking at established providers, in the shorrt term at least, I don’t think I can improve on these