Cash ISAs: The Best Currently Available List

flaneurs_lobster

pookey said:

Johnny-Cage said:

pookey said:

Johnny-Cage said:

pecunianonolet said:

Johnny-Cage said:

Was tempted to jump on trading 212 to max this years allowance out but it’s seems it’s only a matter of time before they drop the rates as well. Maybe might as well just max Chip out so it’s all together 

I have some Euros at Trading 212 and was under the impression that when the ECB started to lower rates they would follow suit. However, they have kept the rate stable since then so there might be good change that the ISA rate of 5.2 remains a little longer competitive.

With daily payments of interest every day counts. Transfer in transactions did take a while in June so unless you pay in fresh money it could take 3 weeks before funds arrive, it may go much quicker now if they have less demand and can process things faster.

Thx for the reply it is fresh cash got 17k dropping in to my current account from my 90 day Oxbury on the 19th. ATM I have 3k sitting in a Chip ISA for this year 

Just in case you didn't know, if you put it in Chip and want to transfer out you have to do the full amount. 

I opened this year allowance with Chip and kept topping it up to avoid going over my PSA. I also took to long to set up a LISA so I can't transfer the money from Chip to my LISA, it's fine but a bit annoying. I have some money maturing next month so I'm just waiting for that to top up my LISA. 

Thx just opened a T212 and requested to transfer 3k plus the interest to T212 from Chip so will see how long it takes, then will transfer the deposit from Oxbury when it lands on the 19th 

Can you please update how long it takes? I might do the same too. Just trying to figure out what to put where 😅

Obviously not the same transfer but I've just completed Chip Cash ISA --> VM 5.05% ISA today 16/8. Request was a paper form completed in VM branch last Friday 9/8. Pretty slick from both parties I thought.

Johnny-Cage

flaneurs_lobster said:

pookey said:

Johnny-Cage said:

pookey said:

Johnny-Cage said:

pecunianonolet said:

Johnny-Cage said:

Was tempted to jump on trading 212 to max this years allowance out but it’s seems it’s only a matter of time before they drop the rates as well. Maybe might as well just max Chip out so it’s all together 

I have some Euros at Trading 212 and was under the impression that when the ECB started to lower rates they would follow suit. However, they have kept the rate stable since then so there might be good change that the ISA rate of 5.2 remains a little longer competitive.

With daily payments of interest every day counts. Transfer in transactions did take a while in June so unless you pay in fresh money it could take 3 weeks before funds arrive, it may go much quicker now if they have less demand and can process things faster.

Thx for the reply it is fresh cash got 17k dropping in to my current account from my 90 day Oxbury on the 19th. ATM I have 3k sitting in a Chip ISA for this year 

Just in case you didn't know, if you put it in Chip and want to transfer out you have to do the full amount. 

I opened this year allowance with Chip and kept topping it up to avoid going over my PSA. I also took to long to set up a LISA so I can't transfer the money from Chip to my LISA, it's fine but a bit annoying. I have some money maturing next month so I'm just waiting for that to top up my LISA. 

Thx just opened a T212 and requested to transfer 3k plus the interest to T212 from Chip so will see how long it takes, then will transfer the deposit from Oxbury when it lands on the 19th 

Can you please update how long it takes? I might do the same too. Just trying to figure out what to put where 😅

Obviously not the same transfer but I've just completed Chip Cash ISA --> VM 5.05% ISA today 16/8. Request was a paper form completed in VM branch last Friday 9/8. Pretty slick from both parties I thought.

Thanks for the info will keep the thread updated on my Chip - T212 progress, so far still says waiting for transfer arrangements from your old provider 

gwapenut

Bridlington1 said:

West Brom Interest Rate Reductions From 16/9/24:

Of note the following NLA ISAs will reduce:

West Brom have behaved quite honourably with their 60 day notice accounts. Just a 0.25% reduction after a year for the higher paying original issue accunts, and then maintaining the differential, despite them offering 0.15% less to new customers for the last half year. It's rare that an account is still a good deal after a year.

Aidanmc

Bridlington1 said:

West Brom Interest Rate Reductions From 16/9/24:

Of note the following NLA ISAs will reduce:

Regarding the 60 day notice accounts i thought the interest rate reduction notification period would also have been 60 days....but not so.

I have the Issue 2 and will give 60 day notice, but by then there may not be any better

slinger2

qbadger said:

soulsaver said:

Well 'may be refused' could be in particular circumstances - like lower rates.

And your quoted phrase is in the summary.

Is this statement in the terms for your account, bullet point 3:

'Please note that the Bank reserves the right to withdraw this product at any time. If the product is withdrawn, you can continue to put more money into your account until the expiry of the fixed term'.

Yes it is - I expect Shawbrook's fixed term ISAs would all have the same standard terms (barring perhaps some exceptions for one or two 'special' accounts).

Shawbrook must be interpreting the statement (bullet point 3) to mean new subscriptions only.

I'm curious of other people's experience of this i.e. whether Shawbrook allowed them to make further transfers in to their own fixes post product withdrawal.

I opened a 1 year issue 89 (5.03% AER) in mid-March (funded by a transfer in). Product was withdrawn on 19 March. I paid a further £10k of new money into it this tax year, last date was 9 May (at which point I had used my full allowance of £20k). At that time I believe they were up to issue 94 paying 4.72%. The ISA matures in mid-March 2025 so this year's money won't be in there for the full year, just 10 or 11 months.

soulsaver

2010 said:

soulsaver said:

Well 'may be refused' could be in particular circumstances - like lower rates.

And your quoted phrase is in the summary.

Is this statement in the terms for your account, bullet point 3:

'Please note that the Bank reserves the right to withdraw this product at any time. If the product is withdrawn, you can continue to put more money into your account until the expiry of the fixed term'.

Does bullet point 3 mean the 1yr fixed ISA product or the issue number of that product?

Shawbrook 1yr fixed rate ISA issue 100 @ 4.93% was withdrawn on 19/7/24.
They are now on 14/8/24 issue 104 @ 4.25%.

Would they really let you keep funding issue 100 now the 30 day window is up and gain 0.68% more in interest?

Read my OP - they already have, in my issues. 

pecunianonolet

Correct me if I am wrong but for Shawbrook the question is:

Funding: Pay in current tax year allowance throughout the term of your fix ---> Usually possible, unless T&C's have changed recently preventing this now.

Transfer in: Can you make further/additional transfers in after the issue has been withdrawn from sale? E.g. other maturing ISA's with other providers. 

ploddo

I tried to open a Trading 212 ISA but as I have neither a passport or a driving licence it would appear that I can’t have one. 

drphila

pecunianonolet said:

Correct me if I am wrong but for Shawbrook the question is:

Funding: Pay in current tax year allowance throughout the term of your fix ---> Usually possible, unless T&C's have changed recently preventing this now.

Transfer in: Can you make further/additional transfers in after the issue has been withdrawn from sale? E.g. other maturing ISA's with other providers. 

To me the 'after the issue has been withdrawn' aspect is irrelevant. Their terms have always been that new money can be added at any time. Transfers-in are different from new money and are governed by the 'reserve the right to refuse' clause 

I think we now need to establish whether they are now starting to invoke this clause. And to do this I think we need further clarification from @qbadger, please, to establish whether this was just a badly-informed agent  or was a formal transfer request submitted and rejected?

pookey

flaneurs_lobster said:

pookey said:

Johnny-Cage said:

pookey said:

Johnny-Cage said:

pecunianonolet said:

Johnny-Cage said:

Was tempted to jump on trading 212 to max this years allowance out but it’s seems it’s only a matter of time before they drop the rates as well. Maybe might as well just max Chip out so it’s all together 

I have some Euros at Trading 212 and was under the impression that when the ECB started to lower rates they would follow suit. However, they have kept the rate stable since then so there might be good change that the ISA rate of 5.2 remains a little longer competitive.

With daily payments of interest every day counts. Transfer in transactions did take a while in June so unless you pay in fresh money it could take 3 weeks before funds arrive, it may go much quicker now if they have less demand and can process things faster.

Thx for the reply it is fresh cash got 17k dropping in to my current account from my 90 day Oxbury on the 19th. ATM I have 3k sitting in a Chip ISA for this year 

Just in case you didn't know, if you put it in Chip and want to transfer out you have to do the full amount. 

I opened this year allowance with Chip and kept topping it up to avoid going over my PSA. I also took to long to set up a LISA so I can't transfer the money from Chip to my LISA, it's fine but a bit annoying. I have some money maturing next month so I'm just waiting for that to top up my LISA. 

Thx just opened a T212 and requested to transfer 3k plus the interest to T212 from Chip so will see how long it takes, then will transfer the deposit from Oxbury when it lands on the 19th 

Can you please update how long it takes? I might do the same too. Just trying to figure out what to put where 😅

Obviously not the same transfer but I've just completed Chip Cash ISA --> VM 5.05% ISA today 16/8. Request was a paper form completed in VM branch last Friday 9/8. Pretty slick from both parties I thought.

Thank you that's great. I already have the VM 5.05 isa, i wish we could open more then one 😅