Cash ISAs: The Best Currently Available List

trickydicky14

pecunianonolet said:

benny5 said:

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

Get yourself a current account with Virgin and you can get 1y at 5.05%
May not be around for long....

https://uk.virginmoney.com/savings/products/1_year_fixed_rate_cash_isa_exclusive_issue_14/

To me that’s a no brainer, open a current account, get a good ISA and open Virgin’s regular saver at 10% what’s not to like.

savit4l8er

I wonder what coventry will do with their 5.05 Four Access ISA.  Match the BR cut or do worse.  Keep it better than the (2) @ 4.3 I wonder? 🤔 

gwapenut

The Skipton Bonus ISA (15) is being reduced to 4.55% as of 2nd September. They seem to be pre-empting a further base rate cut. For a while there, ISA accounts were looking as attractive as taxable for most people.

slinger2

gwapenut said:

The Skipton Bonus ISA (15) is being reduced to 4.55% as of 2nd September. They seem to be pre-empting a further base rate cut. For a while there, ISA accounts were looking as attractive as taxable for most people.

While most of their accounts have been reduced by 0.25%, a few have been reduced by more. This seems to be one (0.45% reduction). Also e.g. Single Access Saver (issue 1) from 5.15% to 4.65%.

https://www.skipton.co.uk/-/media/skipton-co-uk/pdf/savings/Administered Account Rate Changes 01-08-24.ashx

soulsaver

So, I don't know if this retrospective could be useful/interesting to anyone - feel free to ignore

How my top-up-allowed-fixed-ISAs options look now, nearly a year on:

My Shawbrook 1 yr ftb 5.70% ISA matures in a couple of weeks.. (opened August '23 additional c.£20k transferred in Feb '24) -
I've submitted a transfer request to Lloyds  to transfer in full at maturity to my Lloyds 5.50%* 2 year fix to earn almost all of second year  (6.87% equiv. @ BR Tax Paid on interest) -  (opened Aug '23, £19.9K of new money added April 2024)

Other top-up options held:
Shawbrook 3 year Isa fix (04/24 -04/27) at c.4.40% (5.5% equiv) 

Bath BS 2 year fix ISA at 4.61% (5.76% equiv) £1 holding, £20K pfy max deposit (also qualifying after 1 year for their usually post code restricted, often useful RSs - (06/24 - 06/26) looks about right to take £20k of New Money in April '25 - subject to nowt better being available.

Kent 5.71%..(7.14% equiv) but only a few months left.

*best 1yr fix at today is 5.05% VM.

Both Bath & Shawbrook can be beaten today (Beehive 4.73% 2 year, VM 5.05% 1year) but the next maturing ISAs for me are both late November - so that's the time to compare, subject to funding/transfer windows at VM.

Transferring them to the Lloyds 2 year would take me over FSCS for 9 months for 0.50% gain  and may influence the decision.

pokemaster

We’re changing your Plum Cash ISA interest rate from 5.17% to 4.92% AER (variable). starting Tuesday 13th August 2024

Hammer_Time

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. 

Excellent advice, I did the same today and mine also matures on the 24th.

savit4l8er

soulsaver said:

So, I don't know if this retrospective is useful/interesting - feel free to ignore

How my top-up-allowed-fixed-ISAs options look now, nearly a year on:

My Shawbrook 1 yr ftb 5.70% ISA matures in a couple of weeks.. (opened August '23 additional c.£20k transferred in Feb '24) -
I've submitted a transfer request to Lloyds  to transfer it at maturity in full to my Lloyds 2 year fix (opened Aug '23, £19.9K of new money added April 2024) to earn almost all of second year at 5.50%* (6.87% equiv. @ BR Tax Paid on interest) .

Other top-up options held:
Shawbrook 3 year Isa fix (04/24 -04/27) at c.4.40% (5.5% equiv) 

Bath BS 2 year fix ISA at 4.61% (5.76% equiv) £1 holding, £20K pfy max deposit (also qualifying after 1 year for their usually post code restricted, often useful RSs - (06/24 - 06/26) looks about right to take £20k of the Lloyds maturity Aug '25 - subject to nowt better being available.

Kent 5.71%..(7.14% equiv) but only a few months left.

*best 1yr fix at today is 5.05% VM.

Both Bath & Shawbrook can be beaten today (Beehive 4.73% 2 year, VM 5.05% 1year) but the next maturing ISAs for me are both late November - so that's the time to compare subject to funding/transfer windows at VM.

Transferring them to the Lloyds 2 year would take me over FSCS for 9 months  and may influence the decision.

Interesting to me. Lloyds 5.5 was a good option at the time 👍

drphila

soulsaver said:

So, I don't know if this retrospective is useful/interesting - feel free to ignore



Bath BS 2 year fix ISA at 4.61% (5.76% equiv) £1 holding, £20K pfy max deposit (also qualifying after 1 year for their usually post code restricted, often useful RSs - (06/24 - 06/26) looks about right to take £20k of the Lloyds maturity Aug '25 - subject to nowt better being available.

Does Bath allow transfers in? There is no mention of them in the Terms. It says £20k can be deposited per tax year but I assumed this was new cash.

soulsaver

drphila said:

soulsaver said:

So, I don't know if this retrospective is useful/interesting - feel free to ignore



Bath BS 2 year fix ISA at 4.61% (5.76% equiv) £1 holding, £20K pfy max deposit (also qualifying after 1 year for their usually post code restricted, often useful RSs - (06/24 - 06/26) looks about right to take £20k of the Lloyds maturity Aug '25 - subject to nowt better being available.

Does Bath allow transfers in? There is no mention of them in the Terms. It says £20k can be deposited per tax year but I assumed this was new cash.

Thanks - Bath confirms they don't currently accept transfers in. I can still use it as a new money option at April if the rate is then competitive...Which was prob my original safety net plan if rates dropped that far...
Edited my OP