Cash ISAs: The Best Currently Available List

happybagger

gt94sss2 said:

Moneybox have also increased their ISA rate to 5.17%

Isn't competition wonderful

Does Moneybox require you to have a camera on your phone to open this (yes I have a smartphone so can use an app but the camera doesn't work). Tried T212 but it wasn't apparent until late in the process. 

2010

Coventry reviewing variable rates after the BoE cut.

SnowMan

Coventry Four Access ISA (Online) (2) paying 4.80% AER is no longer available from today.

Appears to have been replaced by the Coventry Four Access ISA (2) paying 4.3% AER

This is a different account despite the name being similar and the '2' being the same. I've definitely not had any notice of a rate reduction on the 4.80% AER account yet, albeit they are generally reviewing rates. The Four Access ISA (Online) (2) is showing in their list of closed accounts as closed today.

flobbalobbalob

Zopa new interest rate:

pecunianonolet

We’re changing your Plum Cash ISA interest rate from 4.92% to 4.68% AER (variable).

Hi there,

The Bank of England recently lowered its “base rate”, which impacts the interest rates that providers like Plum can offer. So when changes like this happen, we have to review our rates.

From Thursday 14 November, you’ll start earning interest at the new rate of 4.68% AER (variable)* on your Cash ISA, including the 0.88% AER (variable) bonus which remains the same. 

The rate you receive if your balance drops below £100 or you make a fourth withdrawal is also changing to 2.5% AER (variable).

Any interest you’ve earned before Thursday won’t be affected. We’ve kept these changes in line with the Bank of England reduction of 0.25 percentage points so you keep getting a competitive rate on your savings.

You can find out more about it by tapping on your Cash ISA pocket. And just a heads up – it may take up to a day for your new rate to show in your Plum app.

*Variable rate correct as of 14/11/2024. Subject to conditions and ISA rules. Includes the full bonus rate only if kept for 12 months.

winkowinko

I have a 1 year fix (4.91%) with Kent Reliance that matures in August 2025.

I have just realised that come 6th April, I will be able to deposit more money (already maxed out this year) into the same fixed rate ISA, as Kent Reliance allow deposits at any stage. I realise it will only give me 4 more months until the ISA matures, but i'm guessing 4.91% in April will be near/at the top of the pile of available ISAS.

This has got me thinking. If you were to open a 5 year fix (say 4%) with another provider like Kent Reliance that allows you to deposit at any stage during the fix, you would essentially be guaranteeing that rate for the next 5 years on money that you can't yet deposit but know you will, ie future ISA year allowances.

Which other providers allow you to deposit throughout the term of the fix? Annoyingly Kent Reliance only offers 1 year or easy access.

pecunianonolet

winkowinko said:

I have a 1 year fix (4.91%) with Kent Reliance that matures in August 2025.

I have just realised that come 6th April, I will be able to deposit more money (already maxed out this year) into the same fixed rate ISA, as Kent Reliance allow deposits at any stage. I realise it will only give me 4 more months until the ISA matures, but i'm guessing 4.91% in April will be near/at the top of the pile of available ISAS.

This has got me thinking. If you were to open a 5 year fix (say 4%) with another provider like Kent Reliance that allows you to deposit at any stage during the fix, you would essentially be guaranteeing that rate for the next 5 years on money that you can't yet deposit but know you will, ie future ISA year allowances.

Which other providers allow you to deposit throughout the term of the fix? Annoyingly Kent Reliance only offers 1 year or easy access.

Shawbrook Bank allows deposits throughout the term into a fixed ISA.

refluxer

Barclays are another ISA provider who allow contributions throughout the duration of a fixed rate term, but they usually only offer fixed terms of 1-2 years max (12 and 18 months in recent times). Transfers-in are limited to the first month, though.

pookey

I've got just over £4k in my chip ISA at 4.58%
I know it's not a huge amount but I'm planning to top it up a bit more. I'm considering to transfer it to moneybox to get the 5.17% but was wondering if anyone heard about it going down any time soon? If i transfer the ISA out, I'm not allowed to open another chip ISA from what I've read so just want to make sure if it sounds worth it.

I forgot to mention, I'm planning to fix it if i find a good rate 😅 or if the variable rates drop below the top rated fix. 

slinger2

pookey said:

I've got just over £4k in my chip ISA at 4.58%
I know it's not a huge amount but I'm planning to top it up a bit more. I'm considering to transfer it to moneybox to get the 5.17% but was wondering if anyone heard about it going down any time soon? If i transfer the ISA out, I'm not allowed to open another chip ISA from what I've read so just want to make sure if it sounds worth it.

I forgot to mention, I'm planning to fix it if i find a good rate 😅 or if the variable rates drop below the top rated fix. 

No idea how much of your £20k allowance you've used (or planning to use) but you could simply take the money from Chip (leaving the odd £ perhaps) and open the Moneybox Cash ISA with that money. You'd be wasting some of your allowance but maybe that's not an issue for you. Note that Chip is flexible but Moneybox is not (as I remember).

Note that the Chip product is a tracker, so the rate is already down following last week's BOE rate reduction. Moneybox is variable and you'd get a minimum of 14 days notice of a rate reduction. They haven't changed their rate since last week, so clearly are much more likely to do so in the coming weeks.