Cash ISAs: The Best Currently Available List

SirHugo

cricidmuslibale said:

SirHugo said:

It looks like the Virgin Money 1 year fixed ISA Exclusive at 4.51% has been pulled. 

Gutted. Was going to open this ready to transfer in a Virgin Money ISA which matures on 29th Nov.

No member exclusive rates showing at the moment, just a 1 year fix at 4.11%. If nothing better shows up I will probably just transfer to my Trading 212 easy access ISA.

@SirHugo I'm genuinely sorry to hear about this but, to be honest, I'm not really that surprised by it. There has been a noticeable change, to me at least, in Virgin Money's approach to these 1 year Exclusive fixed ISAs since roughly the time they were taken over by Nationwide. Prior to this acquisition, Virgin Money seemed pretty keen to maintain the interest rate of the 1 year Exclusive fixed ISA at a level roughly 0.10% above the next best interest rate available for a 1 year fixed rate ISA; thus, for example, several consecutive issues paying 5.05% fixed annual interest were available until around the end of August this year. Since then, the next three issues paying fixed annual interest rates of 4.75%, 4.61% and 4.51% respectively have been both noticeably less generous and less likely to be there for very long; the 4.75% issue in particular was only available for a couple of weeks or so! And it has become pretty clear to me at least that Virgin Money no longer seems to want to maintain the interest rate of its 1 year Exclusive fixed ISA at c. 0.10% above the interest rate of its nearest rival!

Clearly we are now are in a falling interest rate environment overall but there is still a great deal of uncertainty as to how quickly interest rates are likely to fall in the short to medium term and whether in the medium to long term they may even need to rise again; there are several measures in the recent Budget, such as the National Insurance hike for employers, that may well add to upward pressures on inflation, not to mention some of the likely policies of the incoming Trump administration in the USA. Thus, for me at least, these 1 year fixed rate Virgin Money Exclusive ISAs, which up until recently were very worthwhile and good value in terms of the interest rate - particularly those paying 5.85% fixed annual interest that were available until the end of 2023 - have from early September this year onwards become far less appealing and good value for money; their interest rates are now not much better (or worse) than the other leading interest rates currently available for fixed rate ISAs, none of which really stand out to me as being particularly good value at present with a deeply uncertain future for interest rates on the horizon!

(This fairly negative but I hope also realistic verdict also applies to my view of the leading interest rates currently available on fixed rate bonds, particularly for fixed terms of 1 year or longer.)

Thanks for this lengthy reply. Yes, it's certainly a difficult choice now where to put my money next. My maturing ISA is the 5.85% rate one and just last week I had a 6.01% Oxbury fix mature. That's gone into an Investec Notice account for 90 days. I'll probably now transfer my ISA into my Trading 212 easy access ISA and see how things look in the next few months.

2010

Coventry Four Access ISA (Online) (2) rate drop from 4.80% to 4.55% from Dec. 2nd.

Sarahspangles

Coventry Four Access ISA is NLA

orange-juice

I'm thinking of transferring my Zopa cash isa (containing only previous years' subscriptions) over to T212's cash isa. One thing I like about Zopa, is that it keeps a tally of your allowance (including previous years), so that you're aware how much you should you pay back in before the end of the tax year.

Does T212 do the same, or do they only display current year's subscriptions? i.e. do you have to manually track the  running balance anytime you withdraw money, accounting for interest etc .. - as that feels like it might be a bit of work.

Bridlington1

Apologies if it's been mentioned elsewhere but I've just noticed CMC invest have launched an Easy Access Cash ISA at 4.85%: The ISA is flexible and allows transfers in from elsewhere:

https://www.cmcinvest.com/en-gb/cash-isa

s71hj

orange-juice said:

I'm thinking of transferring my Zopa cash isa (containing only previous years' subscriptions) over to T212's cash isa. One thing I like about Zopa, is that it keeps a tally of your allowance (including previous years), so that you're aware how much you should you pay back in before the end of the tax year.

Does T212 do the same, or do they only display current year's subscriptions? i.e. do you have to manually track the  running balance anytime you withdraw money, accounting for interest etc .. - as that feels like it might be a bit of work.

They do, "used" and "remaining ".

cadguy77

Bridlington1 said:

Apologies if it's been mentioned elsewhere but I've just noticed CMC invest have launched an Easy Access Cash ISA at 4.85%: The ISA is flexible and allows transfers in from elsewhere:

https://www.cmcinvest.com/en-gb/cash-isa

Is your money fully protected if some is held in QMMF's?

https://www.cmcinvest.com/en-gb/client-funds

BuyCurious

The list at top of thread is very useful, but is anyone aware of a tabular version somewhere (non-MSE?) that includes things that I think matter to me such as FCSC protection coverage, daily / monthly / annual interest payment, allowed withdrawals, flexible, transfer in, etc?  Every site I've found seems to want to recommend / select things rather than just list them all.

soulsaver

Paragon Double ***NLA*** Double Access Savings Account | Paragon Bank

flaneurs_lobster

BuyCurious said:

 Every site I've found seems to want to recommend / select things rather than just list them all.

This is the business model of just about every aggregating web site on the web (which are a good part of overall web traffic).

Why would a site bother taking data from unpteen vendors, filter & sort it into the sequences that punters want to see, etc unless there were some way of monetising it.

You'll pay for your information in some way, either in the form of referrals and/or affiliate links, or you pay a subscription to some kind of 'club' or you pay fees to a broker or financial advisor to do the looking for you.

Or you take advantage of sites like this where the input is from like-minded enthusiasts who compile the information for free.