Cash ISAs: The Best Currently Available List

s71hj

Expotter said:

Plum has increased their rate for Cash ISA to 5.18% ( including a 1.39% 12 months bonus). Minimum £100 to get this rate and 3  withdrawals allowed. Transfers also allowed.

https://withplum.com/cash-isa

Let's see if Trading 212 come back with a retort!!!

BigBlueSky

s71hj said:

Expotter said:

Plum has increased their rate for Cash ISA to 5.18% ( including a 1.39% 12 months bonus). Minimum £100 to get this rate and 3  withdrawals allowed. Transfers also allowed.

https://withplum.com/cash-isa

Let's see if Trading 212 come back with a retort!!!

I doubt it now they are already reducing there rate on Saturday to 4.90%

flobbalobbalob

Expotter said:

Plum has increased their rate for Cash ISA to 5.18% ( including a 1.39% 12 months bonus). Minimum £100 to get this rate and 3  withdrawals allowed. Transfers also allowed.

https://withplum.com/cash-isa

You only get 3.79% AER for transfers in though.

s71hj

BigBlueSky said:

s71hj said:

Expotter said:

Plum has increased their rate for Cash ISA to 5.18% ( including a 1.39% 12 months bonus). Minimum £100 to get this rate and 3  withdrawals allowed. Transfers also allowed.

https://withplum.com/cash-isa

Let's see if Trading 212 come back with a retort!!!

I doubt it now they are already reducing there rate on Saturday to 4.90%

I wasn't aware of that

pecunianonolet

s71hj said:

BigBlueSky said:

s71hj said:

Expotter said:

Plum has increased their rate for Cash ISA to 5.18% ( including a 1.39% 12 months bonus). Minimum £100 to get this rate and 3  withdrawals allowed. Transfers also allowed.

https://withplum.com/cash-isa

Let's see if Trading 212 come back with a retort!!!

I doubt it now they are already reducing there rate on Saturday to 4.90%

I wasn't aware of that

Neither was I. Where and how was this rate drop communicated?

BigBlueSky

pecunianonolet said:

s71hj said:

BigBlueSky said:

s71hj said:

Expotter said:

Plum has increased their rate for Cash ISA to 5.18% ( including a 1.39% 12 months bonus). Minimum £100 to get this rate and 3  withdrawals allowed. Transfers also allowed.

https://withplum.com/cash-isa

Let's see if Trading 212 come back with a retort!!!

I doubt it now they are already reducing there rate on Saturday to 4.90%

I wasn't aware of that

Neither was I. Where and how was this rate drop communicated?

It is in pale grey text in the app above the current interest rate under 'Interest on Cash' option.

BigBlueSky

csw5780 said:

BigBlueSky said:

s71hj said:

Expotter said:

Plum has increased their rate for Cash ISA to 5.18% ( including a 1.39% 12 months bonus). Minimum £100 to get this rate and 3  withdrawals allowed. Transfers also allowed.

https://withplum.com/cash-isa

Let's see if Trading 212 come back with a retort!!!

I doubt it now they are already reducing there rate on Saturday to 4.90%

https://www.trading212.com/interest-on-cash

This reduction is on their cash account not their ISA. 

Where are you seeing it doesn't apply to the ISA ? - I'm seeing stated on all different accounts on the app.

csw5780

BigBlueSky said:

csw5780 said:

BigBlueSky said:

s71hj said:

Expotter said:

Plum has increased their rate for Cash ISA to 5.18% ( including a 1.39% 12 months bonus). Minimum £100 to get this rate and 3  withdrawals allowed. Transfers also allowed.

https://withplum.com/cash-isa

Let's see if Trading 212 come back with a retort!!!

I doubt it now they are already reducing there rate on Saturday to 4.90%

https://www.trading212.com/interest-on-cash

This reduction is on their cash account not their ISA. 

Where are you seeing it doesn't apply to the ISA ? - I'm seeing stated on all different accounts on the app.

You are correct it seems to be across all accounts:

pecunianonolet

BigBlueSky said:

pecunianonolet said:

s71hj said:

BigBlueSky said:

s71hj said:

Expotter said:

Plum has increased their rate for Cash ISA to 5.18% ( including a 1.39% 12 months bonus). Minimum £100 to get this rate and 3  withdrawals allowed. Transfers also allowed.

https://withplum.com/cash-isa

Let's see if Trading 212 come back with a retort!!!

I doubt it now they are already reducing there rate on Saturday to 4.90%

I wasn't aware of that

Neither was I. Where and how was this rate drop communicated?

It is in pale grey text in the app above the current interest rate under 'Interest on Cash' option.

Thanks, not a place I check often. USD rates are also dropping and at the last rate drop for Euros I got an email so a bit strange that there is nothing this time for GBP. 

Of course sad to see the drop coming into effect now but they held it rather high for longer than expected and it will be still above BOE rate so can't complain too much. Still, almost half a quid less per day in returns. 

Moneybox still offers their Cash ISA at 5.17% variable. I opened the Moneybox Cash ISA last March speculatively when it was on offer and put the minimum of 500 into it and they haven't changed the rates since. Moneybox also allows transfers in for cash and stocks & shares ISA's from Trading212.

So for flexibility and to benefit from higher rates for longer, it might make sense to open Moneybox and transfer 500 in to keep a second option. How easy and smooth a transfer from Tradinf212 to Moneybox is, I don't know. Will Moneybox reduce their rates soon, I don't know either. 

Downsides of Moneybox are that interest isn't paid daily and annul instead, projected interest isn't FSCS protected. Also 3 withdrawals only without impact to interest rates, not flexible.

s71hj

pecunianonolet said:

BigBlueSky said:

pecunianonolet said:

s71hj said:

BigBlueSky said:

s71hj said:

Expotter said:

Plum has increased their rate for Cash ISA to 5.18% ( including a 1.39% 12 months bonus). Minimum £100 to get this rate and 3  withdrawals allowed. Transfers also allowed.

https://withplum.com/cash-isa

Let's see if Trading 212 come back with a retort!!!

I doubt it now they are already reducing there rate on Saturday to 4.90%

I wasn't aware of that

Neither was I. Where and how was this rate drop communicated?

It is in pale grey text in the app above the current interest rate under 'Interest on Cash' option.

Thanks, not a place I check often. USD rates are also dropping and at the last rate drop for Euros I got an email so a bit strange that there is nothing this time for GBP. 

Of course sad to see the drop coming into effect now but they held it rather high for longer than expected and it will be still above BOE rate so can't complain too much. Still, almost half a quid less per day in returns. 

Moneybox still offers their Cash ISA at 5.17% variable. I opened the Moneybox Cash ISA last March speculatively when it was on offer and put the minimum of 500 into it and they haven't changed the rates since. Moneybox also allows transfers in for cash and stocks & shares ISA's from Trading212.

So for flexibility and to benefit from higher rates for longer, it might make sense to open Moneybox and transfer 500 in to keep a second option. How easy and smooth a transfer from Tradinf212 to Moneybox is, I don't know. 

Downsides of Moneybox are that interest isn't paid daily and annul instead, projected interest isn't FSCS protected. Also 3 withdrawals only without impact to interest rates, not flexible.

Is there any reason not to open the new Plum 5.18% one as well or instead?