Cash ISAs: The Best Currently Available List

slinger2

@pecunianonole Most of my Cash ISA is in 1 year fixes (currently all 5+%). I keep some in variable rate products for emergency cash. However for those I want flexible ISAs. Agree though that MoneyBox looks a decent product (unlike Plum) for a non-flexible variable rate product with 14 days notice of a rate reduction. 

refluxer

Johnny-Cage said:

Hopefully after dropping the rate they start to increase them again to match other ISA’s like last time 

With a lot of the easy access cash ISA competition either heading towards (or already in) the 4 to 4.6% region, Plum, Moneybox and Trading212 @ 5%+ are very-much outliers at the moment and, with Trading212's impending drop, I would expect it's more likely that the other two will follow suit.

It strikes me that those three have presumably been offering those high-paying cash ISA accounts as loss-leaders which are designed to steer customers towards their investment products, so whether they maintain those high cash ISA rates will presumably also depend on how successful that strategy has been. Time will tell, I guess.

Zaul22

Just noticed Monument started an ISA at some point recently. Does anyone know if the 25k minimum for the savings includes the ISA?

Middle_of_the_Road

Zaul22 said:

Just noticed Monument started an ISA at some point recently. Does anyone know if the 25k minimum for the savings includes the ISA?

That would make no sense, as the maximum annual ISA contribution is £20k

CuparLad

Middle_of_the_Road said:

Zaul22 said:

Just noticed Monument started an ISA at some point recently. Does anyone know if the 25k minimum for the savings includes the ISA?

That would make no sense, as the maximum annual ISA contribution is £20k

And, if I recall, the newly launched ISA doesn't yet permit transfers in. The £25K does apply "across all accounts" so perhaps that's how they enforce the £25K minimum with an ISA.

Zaul22

Middle_of_the_Road said:

Zaul22 said:

Just noticed Monument started an ISA at some point recently. Does anyone know if the 25k minimum for the savings includes the ISA?

That would make no sense, as the maximum annual ISA contribution is £20k

The 25k minimum is for their savings account, it's 10k for the ISA. 
The terms say 'across all accounts' but that was written long before the ISA existed and has not been changed. 

To BIDBS, could you have 20K in an ISA and 5K in savings to meet the 25k minimum or would it only include savings?

frosch411

@Kazza242
Trading212 rate of 5.17% dropping to 4.9% effective 01-DEC-2024.
(Sorry, unable to add screenshot via the mobile app).

suecoo66

frosch411 said:

@Kazza242
Trading212 rate of 5.17% dropping to 4.9% effective 01-DEC-2024.
(Sorry, unable to add screenshot via the mobile app).

Yeah I'm gutted it's dropped, we moved ours to them recently 

slinger2

suecoo66 said:

frosch411 said:

@Kazza242
Trading212 rate of 5.17% dropping to 4.9% effective 01-DEC-2024.
(Sorry, unable to add screenshot via the mobile app).

Yeah I'm gutted it's dropped, we moved ours to them recently 

Surely this is the least surprising news of the week. This is a variable rate product with 1-day notice required for a rate reduction.

subjecttocontract

slinger2 said:

suecoo66 said:

frosch411 said:

@Kazza242
Trading212 rate of 5.17% dropping to 4.9% effective 01-DEC-2024.
(Sorry, unable to add screenshot via the mobile app).

Yeah I'm gutted it's dropped, we moved ours to them recently 

Surely this is the least surprising news of the week. This is a variable rate product with 1-day notice required for a rate reduction.

I agree and probably the first rate drop of many. Market leading rates rarely stay market leading for long.