Cash ISAs: The Best Currently Available List

refluxer

2010 said:

cricidmuslibale said:

Hello everyone! Just to let you all know that yesterday (8 October) Paragon released Issue 6 of their flexible Double Access Cash ISA, paying 4.87% variable annual interest, 4.76% variable monthly interest (4.87% AER). The minimum opening deposit and minimum balance for this Double Access ISA is £1000 and it accepts transfers from Cash and/or Stocks & Shares ISAs into it. As the name of the ISA implies, these interest rates apply to the 1st two withdrawals every 12 months from the day you open the ISA; if you make three or more withdrawals within each 12 month period, the interest rates for annual and monthly interest drop to 1.50% and 1.49% respectively from your third withdrawal onwards. Please see Double Access Cash ISA | Paragon Bank for further details.

Does anyone know that if you have the previous issue @ 4.70%, do they upgrade you to 6 or do you have to open the new issue and transfer internally?

I've had a number of Paragon double and triple access accounts (both ISA and non-ISA) in recent years and you have to open the new issue yourself. When interest rates were rising, it was common for Paragon to increase the rates of certain previous issues a week or two after a new issue was released at a higher rate but with rates generally falling as they are at the moment, this may not happen now.  

It's been a while since I did the internal ISA transfers, but I'm fairly sure that you're able to set up the transfer as part of the account application process, therefore avoiding the risk of withdrawing it from the ISA 'wrapper'. Obviously you'll need to proceed carefully and make sure you select the right option though, to avoid this.

2010

@refluxer, Thanks for that.
You are spot on having just opened the new account and tranferred issue 4 into it.

The advantage of opening the new one besides the increase in the rate is you get back your two withdrawals and also the interest from the old issue.
For two minutes work, well worth doing.
The new account should show later today or tomorrow.

Update new account up and running 16-13.

pokemaster

Just had this email from Trading212 perhaps they gonna start cracking down on it now?

crumpet_man

In what way is that related to the Trading 212 cash ISA?

pokemaster

🤔 perhaps it’s because I have both?

I was just wondering if anyone else has had this email too?

slinger2

pokemaster said:

🤔 perhaps it’s because I have both?

I was just wondering if anyone else has had this email too?

Is it the S&S ISA or the non-ISA Invest account?

pecunianonolet

Had the same message a few weeks back, ignored it and still getting interest as usual. I think it is just a reminder and some sort of due diligence. If they insist on it at some point, I buy a £1 fractional share of something or move it out and back in. 

slinger2

I withdrew £500 from my Trading212 non-ISA Invest account this morning, expecting it to appear in my bank account tomorrow morning. To my surprise it was there immediately. Is this something new?

crumpet_man

slinger2 said:

I withdrew £500 from my Trading212 non-ISA Invest account this morning, expecting it to appear in my bank account tomorrow morning. To my surprise it was there immediately. Is this something new?

Yes.  I haven't seen an official announcement but several users (on other forums than MSE) have also reported that deposits and withdrawals are instant.

2010

Charter Easy Access Cash ISA - Issue 51 now up @ 4.61%