Cash ISAs: The Best Currently Available List

elkiedee

I just logged into the Coventry Building Society website to check a couple of things. My Four Access ISA account rate (opened March 2024) had dropped from 4.4 to 4.3% (4.22% paid monthly) this month - not the top rate but the balance between access and rate suited me - but I noticed that they've launched a new Online only version at 4.8% (4.7% paid monthly) but still with 4 withdrawals in a year (with penalties for further withdrawals) so very similar t&cs. 

So this evening I've applied for the new account online and transferred my money from the old ISA (1st withdrawal so totally within terms and conditions) to the new one. The rate's variable so may well be cut again but it's a good deal for now, and much less hassle than moving my money to a new provider. 

4.8% wouldn't top the updated table at the beginning of this thread, but lower on the list ISAs offering similar or slightly less with only one withdrawal allowed are shown there.

Aidanmc

elkiedee said:

I just logged into the Coventry Building Society website to check a couple of things. My Four Access ISA account rate (opened March 2024) had dropped from 4.4 to 4.3% (4.22% paid monthly) this month - not the top rate but the balance between access and rate suited me - but I noticed that they've launched a new Online only version at 4.8% (4.7% paid monthly) but still with 4 withdrawals in a year (with penalties for further withdrawals) so very similar t&cs. 

So this evening I've applied for the new account online and transferred my money from the old ISA (1st withdrawal so totally within terms and conditions) to the new one. The rate's variable so may well be cut again but it's a good deal for now, and much less hassle than moving my money to a new provider. 

4.8% wouldn't top the updated table at the beginning of this thread, but lower on the list ISAs offering similar or slightly less with only one withdrawal allowed are shown there.

I thought the Four access ISA was 4.8%, reduced from 5.05% earlier this month

savit4l8er

Four Access ISA online 2 was 5.05, now 4.8. Four Access ISA 2 is lower @ 4.3.  

pecunianonolet

OH just transferred from Coventry to Trading212. Transfer initiated on the 19th and completed today 24th and added to Trading212 balance. A lot quicker than last time when it took 15 days.

elkiedee

I thought the Four access ISA was 4.8%, reduced from 5.05% earlier this month

savit4l8er said:

Four Access ISA online 2 was 5.05, now 4.8. Four Access ISA 2 is lower @ 4.3.  

Thanks, I obviously overlooked this earlier in the year. I think I must have opened my Coventry ISA at a point between availability of an online only version account at a higher rate and the the Four Access ISA 2.  Then I didn't notice there was an online only version available again. Anyway, it's quite nice to be able to switch up for higher rates at the same place in a few minutes, no delay opening my account online and moving the money in a few minutes. I had problems with a small transfer in the spring and it made me nervous about transferring a much large ISA sum to the Coventry and how long it might take!

winkowinko

Is Punjab national bank legit?

I see their 1 year fix (4.8%) has been higher than the next best for quite some time now, yet never see them being discussed here.

Curious.

refluxer

winkowinko said:

Is Punjab national bank legit?

I see their 1 year fix (4.8%) has been higher than the next best for quite some time now, yet never see them being discussed here.

Curious.

They've been regulated by the FCA since 2007 and are covered by the FSCS which makes them as legit as the kinds of banks we're more familiar with, I guess.

More info here : https://www.pnbint.com/PNBIL/About-Us/About-PNBIL

Branch or postal applications only (no online banking) rules them out for me, plus if you think there's even a chance you might need access to any funds within one of their cash ISAs before maturity, note that account closure is the only option (partial withdrawals aren't allowed) - you have to give 30 days notice and no interest is paid if the account is closed within the first year (most banks impose a penalty of X months-worth of interest, which depends on the length of the term).

winkowinko

Ah yes, branch or postal only.

Makes sense now.

savit4l8er

elkiedee said:

I thought the Four access ISA was 4.8%, reduced from 5.05% earlier this month

savit4l8er said:

Four Access ISA online 2 was 5.05, now 4.8. Four Access ISA 2 is lower @ 4.3.  

Thanks, I obviously overlooked this earlier in the year. I think I must have opened my Coventry ISA at a point between availability of an online only version account at a higher rate and the the Four Access ISA 2.  Then I didn't notice there was an online only version available again. Anyway, it's quite nice to be able to switch up for higher rates at the same place in a few minutes, no delay opening my account online and moving the money in a few minutes. I had problems with a small transfer in the spring and it made me nervous about transferring a much large ISA sum to the Coventry and how long it might take!

☺️ You're welcome.  👍

cricidmuslibale

Hello folks! Just to let you all know that Skipton Building Society have very recently (probably today) released a flexible, easy access tracker Cash ISA (Issue 6) offering Base Rate - 0.35% for 12 months, currently paying 4.65% annual interest, 4.55% monthly interest (4.65% AER). Please see Cash ISA Base Rate Tracker - Skipton Building Society for further details.