Cash ISAs: The Best Currently Available List

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.

savit4l8er

@cricidmuslibale

Good one for back up and opened easily online, no existing facilities .
Straight forward ID check (same address for sufficient years). No need for all that phtoto ID and extra stuff to be accidentally lost/ shared or whatever even it's not kept 🙄. And even if you have to prove ID, the options are multiple and clear.

Might be useful for some who like that type old school procedure and dont want a .0?% percent more in exchange for a skin sample off the back of your neck 😂.

kjs31

pecunianonolet said:

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.

Yours was a bit quicker than mine. Took a week to transfer from Virgin to Trading212 but that’s a heck of a lot quicker than when I transferred from Principality to Metro last year (both blamed each other). Metro paid me compensation in the end due to the lack of info about the delay. I didn’t lose any interest but I’m not comfortable with significant sums disappearing into the abyss for weeks on end. 

john1950

There would appear to be a limit on savings income above which a self assessment tax return is required. I cannot seem to find for certain whether cash isa savings interest counts towards the limit. Does anyone know please. 

ColdIron

john1950 said:

There would appear to be a limit on savings income above which a self assessment tax return is required.

£10,000

I cannot seem to find for certain whether cash isa savings interest counts towards the limit. Does anyone know please.

ISAs are tax free so no. They are effectively invisible to HMRC

• If you complete a tax return, you do not need to declare any ISA interest, income or capital gains on it.

https://www.gov.uk/individual-savings-accounts/how-isas-work