Cash ISAs: The Best Currently Available List

2010

PRAISETHESUN said:

2010 said:

2010 said:

VM the current 1yr exclusive @ 5.05% must be due to be cut given the nearest rival is down at 4.70% and others have cut lower,
The current 5.05% has a maturity of 29/8/25.
So it could be cut after this comng Thursday.

Pulled, now at 4.75%. issue 15

https://uk.virginmoney.com/savings/products/1_year_fixed_rate_cash_isa_exclusive_issue_15/

Issue 14 will have 30 days from today then to make any remaining deposits

And AFAIK, six weeks for any transfers in from other providers.

thor

2010 said:

2010 said:

VM the current 1yr exclusive @ 5.05% must be due to be cut given the nearest rival is down at 4.70% and others have cut lower,
The current 5.05% has a maturity of 29/8/25.
So it could be cut after this comng Thursday.

Pulled, now at 4.75%. issue 15

https://uk.virginmoney.com/savings/products/1_year_fixed_rate_cash_isa_exclusive_issue_15/

Damn it, I was looking for somewhere to transfer an existing isa to but had neglected issue 14 as I already had a 5.05% ISA with VM and didn't think you could open another one.

RG2015

The Virgin Money exclusive easy access issue 2, 4.76% has been replaced with issue 3 at 4.51%.

I expect those on issues 1 and 2 will also have the rate reduced although VM will give a minimum of 2 months notice.

GalacticaActual

2010 said:

2010 said:

VM the current 1yr exclusive @ 5.05% must be due to be cut given the nearest rival is down at 4.70% and others have cut lower,
The current 5.05% has a maturity of 29/8/25.
So it could be cut after this comng Thursday.

Pulled, now at 4.75%. issue 15

https://uk.virginmoney.com/savings/products/1_year_fixed_rate_cash_isa_exclusive_issue_15/

I opened my Fixed Rate Cash ISA just in time then over the bank holiday weekend.

I received the welcome letter in the post this morning confirming that my shiny new account, issue 14, has been opened. I need to send the last page of the letter back as they require a sample of my signature.

I also opened the M Plus Current Account at the same time to take advantage of their 10% regular saver, although that will be withdrawn from sale on Friday this week.

Hopefully the requested partial transfer of a Cash ISA from another provider, which I initiated on Sunday, will be processed without a hitch. 🤞

2010

Text from VM 1yr fix ISA issue 14 confirming you can add money until 5pm on 27/09/2024.

benny5

If an ISA is opened, partially funded, then closed within the ’cooling off’ period can another ISA be opened in the same financial year? This is further complicated by the fact I’ve now been paid interest (£2.30) for the brief period the ISA existed.

flaneurs_lobster

benny5 said:

If an ISA is opened, partially funded, then closed within the ’cooling off’ period can another ISA be opened in the same financial year? This is further complicated by the fact I’ve now been paid interest (£2.30) for the brief period the ISA existed.

You can open and fund (or not) as many as you like, subject to the rules that individual providers might impose on their account holders.

benny5

flaneurs_lobster said:

benny5 said:

If an ISA is opened, partially funded, then closed within the ’cooling off’ period can another ISA be opened in the same financial year? This is further complicated by the fact I’ve now been paid interest (£2.30) for the brief period the ISA existed.

You can open and fund (or not) as many as you like, subject to the rules that individual providers might impose on their account holders.

Its this statement on an application form that prompted the question;

Under UK law, you can only pay into one cash ISA each tax year, either with us or another ISA provider.

ScarletBea

benny5 said:

flaneurs_lobster said:

benny5 said:

If an ISA is opened, partially funded, then closed within the ’cooling off’ period can another ISA be opened in the same financial year? This is further complicated by the fact I’ve now been paid interest (£2.30) for the brief period the ISA existed.

You can open and fund (or not) as many as you like, subject to the rules that individual providers might impose on their account holders.

Its this statement on an application form that prompted the question;

Under UK law, you can only pay into one cash ISA each tax year, either with us or another ISA provider.

Even though the law changed, most providers aren't accepting new ISAs when we've already opened new ones in other places this year. I got caught with it, and after asking several banks/BSs I think it was Skipton BS who did let me open a second "new money" ISA.

flaneurs_lobster

benny5 said:

flaneurs_lobster said:

benny5 said:

If an ISA is opened, partially funded, then closed within the ’cooling off’ period can another ISA be opened in the same financial year? This is further complicated by the fact I’ve now been paid interest (£2.30) for the brief period the ISA existed.

You can open and fund (or not) as many as you like, subject to the rules that individual providers might impose on their account holders.

Its this statement on an application form that prompted the question;

Under UK law, you can only pay into one cash ISA each tax year, either with us or another ISA provider.

It's not been updated since the Law(? is it not HMRC regulations?) was changed for this tax year. Some institutions won't allow you to have more than 1 cash ISA with themselves (for their own reasons). Some ask you to declare that you will not open (or have not opened) other cash ISAs elsewhere. You can agree to this, or not.