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Cash ISAs: The Best Currently Available List

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Comments

  • 1spiral
    1spiral Posts: 331 Forumite
    100 Posts Second Anniversary Name Dropper
    CuparLad said:
    1spiral said:
    I'm in the process of transferring to Principality from Zopa.
    Posted application to Principality on 29/1 as they need a "wet" signature. They posted request to Zopa on 4/2. As of today, still no movement.  (Yawn)
    Doing exactly the same with the same outcome, so don't take it personally.
    I don't. It does beg the question though why in this day and age, there are still some antiquated methods. Apparently Principality do do electronic transfers, its just Zopa are not on their list.
    Still got a long way to go to beat a Yorkshire to Metro bank transfer that took nearly 3 weeks from leaving my YBS account to being credited with Metro. I calculated that the better rate with MB took around 2 months to break even on what I'd lost had I stayed with YBS.

  • Aidanmc
    Aidanmc Posts: 1,430 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    akh43 said:
    I opened my Coventry late on Thursday night and the Virgin iSA was there when I logged on next day, quickest I recall, especially from Virgin. Disappointing when checking Virgin site as no sign whatsoever of my transferred ISA so I could download a final statement.

    Same here, very quick transfer to T212.
    I contacted Virgin live chat to ask about a statement, they said once an account is closed or transferred all transaction history is gone!
    Then did send a letter few days later, but it only gave the total transfer amount.
  • refluxer
    refluxer Posts: 3,238 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 12 February at 1:50PM
    1spiral said:
    I don't. It does beg the question though why in this day and age, there are still some antiquated methods. Apparently Principality do do electronic transfers, its just Zopa are not on their list.
    Unless this has changed recently, I don't think Principality are one of the providers who use the BACs ISA transfer service. I had a number of their cash ISAs a few years ago and the transfers in and out were carried out by cheque/post and took around 10-14 days to complete. 

    Zopa, on the other hand, do do electronic transfers AFAIK although they've only started offering cash ISAs in the last year or two and don't seem to have made it onto other banks' lists of approved BACs ISA transfer providers yet.
  • s71hj
    s71hj Posts: 777 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    We transferred a stocks and shares ISA from Aviva to a Santander cash ISA and it began to feel like the money must have been gradually carried between their 2 offices one penny at a time before all being credited at the end
  • Sg28
    Sg28 Posts: 451 Forumite
    Third Anniversary 100 Posts Name Dropper
    Im joining the T212 club after zopa's rate drop. 

    I wonder how long this will take..  
    Ex Sg27 (long forgotten log in details)

    Massive thank you to those on the long since defunct Matched Betting board.
  • pecunianonolet
    pecunianonolet Posts: 1,827 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    West Brom BS

    I've got the WeBSave 60 Day Notice ISA (Issue 2) and with the rate drop announced today I would need to move the cash. The balance is very small as I opened it a long time ago as a backup account. 

    If I am not mistaken, when they drop the rate you are allowed to close the account earlier without penalty so you don't have to wait until the 60 days are over. 

    I intend to move it to Virgin, so when I tell Virgin to wait until available, would WestBrom still apply the 60 days or will they release as soon as it is possible penalty free?

    Can anyone confirm if my interpretation of the T&C's is correct? 
  • akh43
    akh43 Posts: 1,610 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    akh43 said:
    I opened my Coventry late on Thursday night and the Virgin iSA was there when I logged on next day, quickest I recall, especially from Virgin. Disappointing when checking Virgin site as no sign whatsoever of my transferred ISA so I could download a final statement.
    Final statement will come by post in the next days from Virgin. 
    Just got a letter from Virgin to tell me the transfer is done and dusted and I will be getting a closing statement shortly.  Why do banks waste so much money sending out numerous letters why not just send both letters together?
    Same with Coventry, 3 letters re 1 ISA transfer when 1 could give all the information required/needed.

  • Aidanmc
    Aidanmc Posts: 1,430 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    edited 13 February at 11:26PM
    West Brom BS

    I've got the WeBSave 60 Day Notice ISA (Issue 2) and with the rate drop announced today I would need to move the cash. The balance is very small as I opened it a long time ago as a backup account. 

    If I am not mistaken, when they drop the rate you are allowed to close the account earlier without penalty so you don't have to wait until the 60 days are over. 

    I intend to move it to Virgin, so when I tell Virgin to wait until available, would WestBrom still apply the 60 days or will they release as soon as it is possible penalty free?

    Can anyone confirm if my interpretation of the T&C's is correct? 

    From i understand it, you have 30 days from when they notify you of rate reduction to close or transfer your ISA penalty free, should you wish to do so. So if you've received notice you should be free to transfer ISA immediately.

  • cricidmuslibale
    cricidmuslibale Posts: 642 Forumite
    Fourth Anniversary 500 Posts Name Dropper Photogenic
    edited 14 February at 11:53AM
    According to www.moneyfactscompare.co.uk, Coventry Building Society will today be pulling their Centrepoint Fixed ISA 31.05.26 paying 4.50% AER tax free and replacing it with Fixed Rate ISA (279) 31.05.26 which is paying a significantly lower interest rate of 4.32% AER tax free.
  • dave_dph
    dave_dph Posts: 656 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    West Brom BS

    I've got the WeBSave 60 Day Notice ISA (Issue 2) and with the rate drop announced today I would need to move the cash. The balance is very small as I opened it a long time ago as a backup account. 

    If I am not mistaken, when they drop the rate you are allowed to close the account earlier without penalty so you don't have to wait until the 60 days are over. 

    I intend to move it to Virgin, so when I tell Virgin to wait until available, would WestBrom still apply the 60 days or will they release as soon as it is possible penalty free?

    Can anyone confirm if my interpretation of the T&C's is correct? 
    This is what it said in the email notification when they reduced the rate in December:

    What's changing and when

    We are reducing the rate of interest paid on your WeBSave account(s) on 17 December 2024. The accounts affected and new rates can be found in the tables at the end of this email. Your account(s) affected are shown below.

    Account Name Account Number*

    WeBSave 60 Day Notice ISA 

    Make sure your account is still right for you
    You may consider moving your savings following this change. If you want to do this, we will waive any notice period or withdrawal charges that may normally apply on your account(s) for any withdrawals completed up to (and including) 2 January 2025.
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