Cash ISAs: The Best Currently Available List

Emily_Joy

Just in case anyone else is looking to transfer maturing funds from Skipton Fixed Rate to Coventry, if you send the transfer form before the fixed term ends  instructing to transfer on maturity, you have to request full transfer and closure. Skipton doesn't allow partial transfers in this scenario: the transfer will be rejected. 

What is worse is that Coventry sends you a letter by snail mail informing that the transfer has been rejected and you need to submit the instructions again. So could easily run out of time. 

moi

Dizzycap said:

An Interest Rate Reduction for Trading212 Accounts: TAX-FREE INTEREST

Has anyone closed a Trading212 Cash ISA? I wondered if they're like Chip, when closing means they forbid one opening another ISA with them in the future. TIA.

flaneurs_lobster

moi said:

Has anyone closed a Trading212 Cash ISA? I wondered if they're like Chip, when closing means they forbid one opening another ISA with them in the future. TIA.

Unless 212 get their sh*t together and get my VM ISA transferred to them in the next day or so I'll let you know!

Aidanmc

flaneurs_lobster said:

moi said:

Has anyone closed a Trading212 Cash ISA? I wondered if they're like Chip, when closing means they forbid one opening another ISA with them in the future. TIA.

Unless 212 get their sh*t together and get my VM ISA transferred to them in the next day or so I'll let you know!

I transferred 2 VM ISA's to T212 recently, requested on Friday and all done on Monday. Is yours taking long?

gt94sss2

flaneurs_lobster said:

moi said:

Has anyone closed a Trading212 Cash ISA? I wondered if they're like Chip, when closing means they forbid one opening another ISA with them in the future. TIA.

Unless 212 get their sh*t together and get my VM ISA transferred to them in the next day or so I'll let you know!

Sometimes VM will insist on further checks before they agree to a ISA transfer

flaneurs_lobster

Aidanmc said:

flaneurs_lobster said:

moi said:

Has anyone closed a Trading212 Cash ISA? I wondered if they're like Chip, when closing means they forbid one opening another ISA with them in the future. TIA.

Unless 212 get their sh*t together and get my VM ISA transferred to them in the next day or so I'll let you know!

I transferred 2 VM ISA's to T212 recently, requested on Friday and all done on Monday. Is yours taking long?

Request submitted 08/02, partial transfer, no communication from either party. Cash is still in VM ISA.

ccluedo

flaneurs_lobster said:

Request submitted 08/02, partial transfer, no communication from either party. Cash is still in VM ISA.

Requested partial transfer from VM to T212 Fri pm, completed yesterday morning.
Does it say contacting provider on T212 app? 🤔 

Ocelot

Bobblehat said:

This might have been asked and answered before but I couldn't find the answer on MSE, probably the way I searched! The answer might be obvious, but ....

If I were to apply for a new ISA within say 14 days before the new tax year (so in 24/25), and if I funded it only in the new tax year (25/26) would that be allowed?

I have already used my full 24/25 ISA allowance.

That question gets asked every year on here.

In general, yes that is possible. I did it last year, but check the T&Cs, They normally say something like 'if the ISA isn't funded by 3rd April if will become next year's ISA subscription.'

pecunianonolet

West Brom BS

Rate reductions were announced and official emails about it will be going out on the 24th and 25th (send in batches). So anyone with a WestBrom ISA can transfer away from the 28th without having to give 60 days notice.

I inquired about that last week and just had a call back to have this confirmed.

https://www.westbrom.co.uk/savings/isas/60-day-notice-isa-issue-1

T&C's clause 4.2 https://www.westbrom.co.uk/-/media/wbbs/files/pdfs/tcs/60daynoticeisai1august2024.pdf

thriftytracey

I was going to transfer Shawbrook Cash ISA which has reduced the rate, to the Coventry Building Society ISA (withdrawals allowed 6 x a year), but the rate reduces in March.  

Many of the ones recommended on MSE don't allow transfers in.  

Is it better to wait until after 5th April 2025 for a better rate?  It doesn't look like bank interest rates will reduce much now as inflation is increasing.